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Cairn Energy PLC

Company Summary

Financial Data:


Tickers:

  • CNE - London Stock Exchange Group

Recent news

  • 8/3/2021 - Eni & Partners Discover... (subscriber access)
  • 3/9/2021 - Shell Divesting Select... (subscriber access)
  • 2/24/2020 - Eni Reports 200-300... (subscriber access)
  • 1/9/2020 - Senegal Approves $4.2B... (subscriber access)
  • 12/3/2019 - Woodside Nearing FID on... (subscriber access)

Company Transactions

Date: 9/30/2021
Type: Acquisition

NOTES:
Shell has reached a deal to divest certain upstream assets in Egypt for $926 million to Cheiron Petroleum Corp & Cairn Energy. The deal included a base payment of $646 million and contingent payments of $280 million based on prices between 2021-2024 The deal will close in the second half of 2021 and covers 13 onshore concessions and Shell's stake in Badr El-Din Petroleum Company.
REGIONS:
  • Africa