Cairn Energy

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CNE

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CAIRN ENERGY PLC

Energean leads race for Edison’s oil and gas unit

Israel-focused gas driller Energean has emerged as the front-runner in the race to acquire Italian energy group Edison's oil and natural gas unit, two sources directly involved in the deal said.
The acquisition would significantly expand Energean's operations in the growing Eastern Mediterranean gas hub with a significant presence in Egypt's offshore basin.