Cairn Energy Plc expects a slump by half in the cost of oil rigs to sustain the U.K. producer’s exploration in Senegal even after crude prices sank in previous months.

By Aziz El Yaakoubi MARRAKESH, Morocco, April 29 (Reuters) – Morocco will drill 30 oil and gas wells in 2014 as part of the North African kingdom’s planned expansion of...

Singapore-based offshore specialist Nordic Maritime, in collaboration with Sovcomflot (SCF Geo), has been awarded a USD $23.5 million contract to provide 3D marine seismic data acquisition and processing services off the...

For the forseeable future, Cairn Energy is a company focused on the Atlantic Margin according to CEO Simon Thomson.  This is an area that includes the mostly unexplored regions along...

Since May 2010, Transocean’s Cajun Express has been drilling offshore Brazil for Petrobras at a healthy day-rate of $517k per day. UK-based energy firm Cairn Energy, announced this morning they...

LONDON (Dow Jones)–Cairn Energy PLC (CNE.LN) Tuesday shrugged off the disappointment of a $1.19 billion full-year loss, insisting that there were sufficient “transformational” opportunities in its oil exploration and development portfolio...

Statoil has acquired a 30.625% working interest in the Pitu licence in Baffin Bay. The license was awarded to Cairn Energy during the first Baffin Bay licensing round in December...

LONDON—The head of Greenpeace has scaled an oil rig offshore of Greenland operated by Cairn Energy PLC, defying a court order aimed at stopping activists from further disrupting the oil...

AMSTERDAM — (Dow Jones & Co) Greenpeace activists have been barred from further disrupting oil company Cairn Energy PLC’s controversial Arctic drilling campaign offshore Greenland, after a Dutch court Thursday granted...