The Times: Need to Know: Global Business Briefing

EDITED BY NEELAM VERJEE AND SIENA GOLD

June 08, 2004

*Shares in Cairn Energy hit a record high after the Edinburgh oil and gas company confirmed it had found oil in India at a property that it had bought from Shell, the oil company, two years ago.

*Energy groups including BG Group, Royal Dutch/Shell, and ChevronTexaco, will learn today if they have been successful in Norway’s eighteenth licensing round for offshore oil and gas licences