Chancellor George Osborne has announced a £1-billion rescue package for trouble-hit North Sea oil industry. The government is also extending £730 million support for renewable electricity.
Cairn Energy
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Cairn Energy said its planned explorations in Northwest Africa and Ireland yielded up to 25% chance of success compared to its exploratory project in Greenland.
British oil firm Cairn Energy (CNE.L) said it agreed to buy UK-focused Nautical Petroleum (NPE.L) for 414 million pounds.
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