Waldorf Production is nearing a deal to acquire oil and gas assets in the British and Dutch North Sea from ONE-Dyas for more than $1 billion, industry sources said on Friday.Under the terms of the emerging deal, private equity-backed Waldorf Production has also agreed to buy assets in Norway and Gabon from ONE-Dyas should the privately-owned company fail to find other buyers, the sources said.Many…
North Sea-focused oil and gas firm Deltic Energy has informed that the 3D seismic survey over offshore Licence P2428 and surrounding areas in the UK North Sea has now been completed. Deltic said the data from the survey would be key to de-risking future drilling on the license…
Cairn Energy, soon to be renamed Capricorn Energy, has farmed into five Deltic Energy's gas licenses in the Southern North Sea, off the UK.The two companies first announced the farm-out deal in August 2021, and have now received the necessary…
Oil major Shell is set to move the Valaris 122 jack-up drilling rig in the North Sea from the Shearwater field to the Jaws well site in preparation for drilling activities.This is according to Kingfisher Bulletin, a website that provides the…
Scotland-based oil and gas company Cairn Energy has announced plans to change its company name from Cairn Energy to Capricorn Energy. The change is expected to take effect from December 13, 2021. The LSE stock ticker will remain as CNE.'This…
UK North Sea focused oil and gas company Deltic Energy has entered into a binding, conditional farm-out agreement in relation to five of its gas licences in the Southern North Sea with Cairn Energy.Cairn will acquire a 60% interest in each of…
Oil major Shell has agreed to sell its upstream assets in Egypt’s Western Desert so for US$646 million plus contingent payments, so it can focus on its offshore assets in the country.Shell will sell the Western Desert assets to a consortium…
The Indian government may give Cairn Energy a surrendered oil field such as the Ratna R-Series [offshore the west coast] in lieu of an arbitration award against the South Asian country, according to a Press Trust of India report in financial daily Mint…
Cairn Energy said on Wednesday it had won an international arbitration case against the Indian government over a tax dispute that had spooked investors concerned about retrospective tax claims on companies.The tribunal ruled unanimously that India had breached its obligations to Cairn under the U…
Oil and gas company Cairn Energy will appoint Nicoletta Giadrossi as Chair of the Company with effect from January 1, 2021. She will succeed Ian Tyler who, after seven years on the Cairn Board including six as Chairman, announced in May this…
Australian oil and gas giant Woodside has signed binding agreements with Cairn for the acquisition of Cairn's 40 percent interest in Woodside-operated offshore oil blocks in Senegal.The firm deal, announced Friday, comes after Cairn had in July agreed to sell its interest in the Rufisque Offshore…
Australian oil and gas company Woodside has blocked Cairn's stake sale in the $4.2B Sangomar development off Senegal to Russia's Lukoil, by exercising its pre-emption rights.To remind, Lukoil in July signed an agreement with Cairn Energy to acquire a 40% interest in the Rufisque…
Australia's Woodside Petroleum is looking for acquisitions, ideally close to its existing assets or offering it control over assets that are already producing or close to producing, its boss said on Thursday.'We're clearly scanning the landscape very closely looking for opportunities…
Australia's Woodside Petroleum said on Tuesday it is considering blocking Russia's Lukoil from becoming a partner in the $4.2 billion Sangomar oil project, which it could do by increasing its stake in Senegal's first oil development.Woodside…
Russian oil company Lukoil has signed an agreement with Cairn Energy to acquire a 40% interest in the Rufisque, Sangomar and Sangomar Deep) - RSSD - project offshore Senegal for $300 million in cash. The agreement also provides for potential…
