Cairn warms to Morocco

Tuesday 28 August 2012 21:38 BST

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Cairn Energy has paid $60m (£38m) for a 50 per cent stake in an oil exploration block off the coast of Morocco.

The oil and gas explorer, which has been focused on Greenland for the past two years, also reported a $50m loss for the first half of this year, down from $141m.

The chief executive, Simon Thomson, said: "Cairn is actively rebalancing its portfolio to deliver exploration growth."

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Stay up to date with notifications from The Independent

Thank you for registering

Cairn warms to Morocco

Join our commenting forum

Thank you for registering