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Cairn Energy PLC (LSE:CNE), an energy company based in United Kingdom, led the LSE gainers with a relatively large price hike in the past couple of weeks. As a stockRead More...
Cairn Energy PLC (LON:CNE) shareholders will doubtless be very grateful to see the share price up 34% in the last...
The company sold an additional 3.5 per cent of its shares in its Cairn India for about US$360 million in June 2012. [15] In March 2014, the company announced that Bill Gammell would step down as chairman after the annual general meeting on 15 May 2014. [16] The company changed its name from Cairn Energy to Capricorn Energy on 13 December 2021. [17]
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The field is operated by Cairn India with a 22.5% share. Its partners in the field are the Oil and Natural Gas Corporation (ONGC) with a 40% share, Videocon Petroleum with a 25% shareand Ravva Oil Singapore Private Limited with a 12.5%. [2]
The Cairn Energy and Government of India dispute is mainly an ongoing tax and investment dispute which has its origins in 2005–2006. [1] [2] The case is closely linked to Cairn's partner in India, Vedanta, and to concepts such Ex post facto law in the form of retrospective taxation, bilateral investment treaties, and international arbitration between private and sovereign states.
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After his rugby career was ended by injury, Gammell founded Cairn Energy in Edinburgh in 1981. Gammell's father invested in US oil company Bush-Overbey, owned by future US President George H. W. Bush. The two families became friends, with George W. Bush attending Gammell's wedding in Glasgow in 1983. [2]