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Cairn Energy sale of stake in North Sea fields to Waldorf on track to complete in H2 | 11 May 2021


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Cairn Energy sale of stake in North Sea fields to Waldorf on track to complete in H2
11 May 2021 | 07:44am
StockMarketWire.com - Oil company Cairn Energy said it continued to expect to complete the sale of its UK Catcher and Kraken fields to Waldorf Production in the second half of the year.
Divestment of our interests in our Catcher and Kraken producing assets in the UK North Sea comes at the right point in the cycle and allows us to retain exposure to oil price and reservoir performance upside, whilst further supporting our ability to pursue our strategic goals, it added. ....

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Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Cairn Energy sale of stake in North Sea fields to Waldorf on track to complete in H2


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4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so; ....

United Kingdom , Cairn Energy , United Kingdom Catcher , Waldorf Production , United Kingdom North Sea , ஒன்றுபட்டது கிஂக்டம் , கெய்ன் ஆற்றல் , ஒன்றுபட்டது கிஂக்டம் பற்றும் , வால்டோர்ஃப் ப்ரொடக்ஶந் , ஒன்றுபட்டது கிஂக்டம் வடக்கு கடல் ,

INTERVIEW: MOL eyes carbon capture expansion, further acquisitions: upstream chief


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Hungary s MOL plans further investment into carbon capture projects and is on the look out for acquisitions after a tumultuous year in which it boosted output with a stake in Azerbaijan s ACG oil complex while recording its first Norwegian oil discovery, upstream executive vice president Berislav Gaso has told S&P Global Platts.
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Gaso said MOL now faced significant decline at its onshore fields in Hungary and Croatia, but anticipated more upstream deals, enabled by earnings from the company s newly acquired 9.6% stake in the BP-led Azeri Chirag Deepwater Gunashli oil fields, a deal completed a year ago. ....

United Kingdom , Georgia General , City Of , North Sea , Oceans General , Harbour Energy , Berislav Gaso , Azeri Chirag Deepwater Gunashli , Azeri Central East , United Kingdom Catcher , Corporate Governance , ஒன்றுபட்டது கிஂக்டம் , ஜார்ஜியா ஜநரல் , நகரம் ஆஃப் , வடக்கு கடல் , பெருங்கடல்கள் ஜநரல் , துறைமுகம் ஆற்றல் , பெரிஸ்லாவ் கசோ , ஒன்றுபட்டது கிஂக்டம் பற்றும் , பெருநிறுவன ஆளுகை ,

UK's Cairn Energy to sell interests in North Sea oil fields


UK s Cairn Energy to sell interests in North Sea oil fields
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UK s Cairn Energy to sell interests in North Sea oil fields
Reuters / Mar 9, 2021, 13:24 IST
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NEW DELHI: Cairn Energy has agreed to sell its interests in the UK Catcher and Kraken oil fields in the North Sea to Waldorf Production Ltd for $460 million in cash, the company said on Tuesday.
Cairn said both oil fields are now entering into a natural decline phase and the sale will help it bolster its balance sheet and provide flexibility to sustain and prolong the producing asset base.
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