Cairn Energy plc announced it had officially changed its name to Capricorn Energy plc. The company announced its intention last month, adding that the majority of its subsidiaries were already known as Capricorn.
Tag: Cairn Energy plc
Deltic JV completes 3D seismic on Cupertino Area
Deltic Energy plc announced that its partner Cairn Energy plc had completed the 3D seismic survey over licence P2428 (Cupertino Area) and surrounding areas in the Southern North Sea. DATA Sub-contractor ION Geophysical began the 3D seismic survey on 10 September 2021, covering approximately 680km2, and completed it on 21 November. Data collected will now […]
Cairn starts buyback following Indian tax refund
Cairn Energy plc announced it had initiated a buyback programme of up to £20 million of its ordinary shares. PERIOD This will be prior to the anticipated larger buyback programme following receipt of the Indian tax refund. The company added that Morgan Stanley would handle the programme beginning today (15 November) and ending no later […]
Deltic completes farm-out with Cairn
Deltic Energy plc has completed the farm-out of five of its southern North Sea gas licences with Cairn Energy plc. SEISMIC Both companies have received approval from the Oil and Gas Authority and entered into joint operating agreements for licences. The agreement, through Cairn’s wholly owned subsidiary Nautical Petroleum Ltd, was first announced in August […]
Cairn to change name to Capricorn Energy
Cairn Energy plc plans to change its company name to Capricorn Energy plc from 13 December 2021. INDIA TAX REFUND A company statement said that the move followed an agreement at the time of the Cairn India IPO that the name would ultimately be changed. “Given the recent legislative change in India and our participation […]
Cairn uses new scheme for $1.06bn tax refund from India
Cairn Energy plc said it would start filing documents under a new scheme for the refund of US$1.06bn taxes from the Indian government. LEGISLATION The company added it had entered into undertakings with the government to participate in the scheme introduced by recent Indian legislation, the Taxation Laws (Amendment) Bill 2021. This allows the refund […]