LONDON, UK: Cairn Energy, together with its consortium partner Cheiron Petroleum Corporation, announced completion of the acquisition of a portfolio of upstream oil and gas production, development and exploration interests from Shell Egypt NV and Shell Austria GmbH in the Western Desert, onshore The Arab Republic of Egypt. Capricorn Egypt, a wholly owned subsidiary of…
LONDON: Cairn Energy announced that Nicoletta Giadrossi will be appointed Chair of the Company with effect from 1 January 2021. She will succeed Ian Tyler who, after seven years on the Cairn Board including six as Chairman, announced in May this year that he would retire from the Board on appointment of a successor. Nicoletta…
LONDON: PJSC LUKOIL concluded an agreement with Cairn Energy PLC to acquire a 40% interest in RSSD (Rufisque, Sangomar and Sangomar Deep) project in the Republic of Senegal for $300 mln in cash, a news release said. The agreement also provides for potential bonus payment to Cairn Energy PLC of up to $100 mln after…