Scottish firm in the running for Dong's oil

British oil company Cairn Energy is interested in taking over Dong's assets in the North Sea, according to Reuters.

Photo: DONG

British oil company Cairn Energy, headquartered in Edinburgh, Scotland, is allegedly interested in taking over the oil and gas activities in the North Sea from Denmark's Dong Energy, writes news agency Reuters, referring to several "sources familiar with the matter".

According to Reuters, Cairn Energy is the frontrunner in a group of interested parties after negotiations for a merger between Maersk Group's Maersk Oil and Dong's oil and gas activities arrived at an impasse.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted aims to be number one on carbon capture

The utility hopes to win the Danish carbon capture and storage tender with a plan to capture 400,000 tonnes of CO2 by 2025 from the company’s biomass-fired combined heat and power stations.

Nordex downgrades forecast

The German turbine manufacturer has had a rougher start to 2022 so far than expected, prompting the company to downgrade guidance by EUR 200m at minimum.

Further reading

Related articles

Latest News

See all jobs