Cairn Energy to change name to Capricorn Energy

Britain oil and gas explorer Cairn Energy PLC will change its company name to Capricorn Energy PLC from mid-December, around the time its over USD 1 billion retrospective tax dispute will be nearing closure.

Cairn Energy, which gave India its biggest on land oil discovery, had in 2011 sold the India unit, Cairn India to mining baron Anil Agarwal’s Vedanta Group. The sale included the transfer of the Cairn brand name to Vedanta.