Capricorn Energy

Capricorn Energy and NewMed Energy have mutually agreed to terminate their proposed merger, following a strategic review by the new board of Capricorn. The merger, which had been promoted by the former board, was scheduled for a shareholder vote next week, but has now been called off. 

Capricorn Energy's chairperson, CEO, and three other directors have resigned from the board following pressure from activist investor Palliser Capital. Palliser, Capricorn's third-largest shareholder, has spoken out against the company's proposed merger with Israel's NewMed Energy. Palliser has been

Edinburgh-based Capricorn Energy, formerly known as Cairn Energy, has agreed a merger with Tullow Oil. The deal, which will see Capricorn chief executive Simon Thomson stand down, will create "a leading African energy company listed in London" with a market value of more than £4.1 billion.

Edinburgh-based Cairn Energy, together with its consortium partner Cheiron Petroleum Corporation, has announced the completion of the acquisition of a portfolio of upstream oil and gas production, development and exploration interests from Shell Egypt NV and Shell Austria GmbH in the Western Desert

Cairn Energy claims to have effectively seized Indian state-owned properties in Paris in an attempt to force the country to pay $1.7 billion awarded last year by an international tribunal in The Hague, the Financial Times reports. Its application in France is the first to succeed and the compan

Stan Majcher, portfolio manager at Hotchkis & Wiley Capital Management A US-based investment giant has hit out at the Indian Government over its efforts to extract alleged tax arrears from Scottish oil and gas firm Cairn Energy.