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Cairn Energy gives $3.5bn to shareholders from Indian sale
News Cairn Energy is to return $3.5bn to shareholders following the sale of 30% of its Indian business to Vedanta Resources. The total sale value was $4.1bn.
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Xcite Energy plummets on concerns over capital
News Xcite Energy, the North Sea focused oil company, has fallen dramatically this morning following an announcement that it has "re-configured its approach" to development of the Bentley field.
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Antrim makes discovery in North Sea
News Antrim Energy, the Calgary based oil exploration company, has announced a discovery at its Erne exploration well in the North Sea.
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AEA order book gives hope of a comeback
News AEA Technology, the energy and sustainability consultancy has seen its its share price rise dramatically this morning following an encouraging set of half yearly results.
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Cairn Energy disappoints
News Oil giant Cairn Energy has failed to find a commercial discovery at its exploration drilling campaign offshore Greenland, where drilling operations were extended to complete activities on the last two wells in the Atammik block.
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Cove rises on well success
News East African oil and gas explorer Cove Energy saw over a 10% rise in its share price on Monday morning after the firm achieved its thickest gas pay to date at the Barquentine-3 appraisal well in the Rovuma Basin Area.
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SSE unit in double project win
News Scottish and Southern Energy Power Distribution (SSEPD) has been given the go ahead from energy regulator Ofgem for its £64m low carbon network projects in the Thames Valley and Shetland.
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Salamander ups stake in Indonesian license
News Salamander Energy is to up its stake in the Bangkanai production sharing contract (PSC) located one of the group's core focus areas - Central Kalimantan, Indonesia.
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Active Energy acquires Bioenerho
News Voltage optimisation equipment firm Active Energy has acquired Bioenerho-Leader for an initial consideration of 40,000,000 new ordinary shares, priced at 7.5p each.
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