Cairn Energy
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Shareholders at one of Scotland's biggest companies have rebelled against top executive pay. At the annual general meeting of Cairn Energy, the board sustained a two-thirds vote against the report of the committee that sets salaries and bonuses for the ...
May 18, 2012 at 00:48 | Source: BBC News
Cairn Energy, which has spearheaded controversial oil drilling in the Arctic, has become the biggest victim of the "shareholder spring" with 67% of investors voting down its pay reporton Thursday. There were a further 10% of abstentions at Cairn ...
May 17, 2012 at 18:08 | Source: The Guardian
British oil explorer Cairn Energy said investors holding two-thirds of its stock voted against executive pay awards in one of the biggest rebellions to take place yet in the “shareholder spring” of salary disapproval. A growing number of investors in ...
May 17, 2012 at 18:22 | Source: Globe and Mail
U.K.-based oil explorer Cairn Energy, battling challenges to two major projects in Greenland and India, said its chief executive officer will step into the chairman role amid a sweeping board shake-up. The company said on Thursday that Bill Gammell, who ...
May 17, 2012 at 18:22 | Source: Globe and Mail
Takeover target Cove Energy has axed its agreement with Cairn Energy to explore opportunities in the Eastern Mediterranean. The London-listed junior, which is currently being courted by both Shell and PTTEP, said, however, that it is working on other ...
May 24, 2012 at 05:42 | Source: Upstream Online
(RTTNews) - Cairn Energy Plc (CNE.L: News ) is providing information on recent operations and guidance in respect of the group's trading performance. Production from Rajasthan reached a major milestone of 175,000 barrels of oil per day, or bopd, with ...
May 17, 2012 at 07:23 | Source: RTT News
A SCOTS energy boss has vowed to defy angry shareholders and keep a £1.4million “bonus”. Cairn Energy’s Sir Bill Gammell is set to pick up the massive “termination payment” for moving from chief executive to chairman despite two-thirds of ...
May 19, 2012 at 08:40 | Source: Daily Record
LONDON -(Dow Jones)- Cairn Energy PLC (CNE.LN) said Thursday it has teamed up with Houston-based Marathon Oil Corp. (MRO) to jointly bid for oil and gas exploration rights in Cyprus, where huge offshore discoveries of natural gas have reignited ...
May 17, 2012 at 07:59 | Source: NASDAQ
SHAREHOLDERS dealt the board of Cairn Energy a heavy blow over executive pay yesterday as 67 per cent voted against its remuneration report. The Scottish oil explorer became the fourth UK listed company to see its remuneration report defeated this AGM season.
May 17, 2012 at 10:51 | Source: scotsman.com
Simon Thomson, Chief Executive, Cairn Energy PLC said: "Cairn's aim is to create and capture significant value through a balanced portfolio of exploration and production assets. In 2012, we have made an excellent start in establishing that balance with the ...
May 17, 2012 at 08:13 | Source: 4-traders (press release)