Cairn

Cairn's aim is to hire 10 Americans to apply the US shale playbook in India, where the company hopes to shave drilling and completion times by one-third to accelerate the ramp up of output

HOUSTON, March 25 (Reuters) - Cairn Oil & Gas, India's ​largest rivate oil and ​gas producer, has ‌reduced output by 10% from 110,000 barrels per day due mainly o shipping logistic complications caused by the Middle East crisis, said Cairn founder Anil ‌Agarwal on Wednesday.

The upstream company has hired fracking experts to unlock 'tight oil', connected pipeline to Barmer refinery

Despite a lack of good quality rigs in the market, Cairn has enough options, he says

Cairn Oil & Gas recently won eight oil blocks and one coal-bed methane (CBM) block under the DSF Round III bids, taking the company's total assets in the country to 62

The tribunal has asked Sebi probe the violations and "take it to its logical conclusion within six months from today"

Business Standard brings you the top stories on Thursday

Cairn Energy will become Capricorn Energy from that date, but will retain CNE sticker on London Stock Exchange

Business Standard brings you the top headlines on Wednesday

Enforcement of investment treaties remain ambiguous, they say

Somanathan says that the government doesn't support retrospective taxation since it creates sudden and fresh liability and is not in line with the stability and predictability of taxation

Cairn Energy PLC plans to target assets of state-owned firms and banks as it looks to recover the amount due from the Indian government after winning an arbitration against levy of retrospective taxes

Cairn Energy Plc said it is taking all necessary actions to access the $1.7 bn it was awarded by an international arbitration tribunal after overturning a retroactive tax demand slapped by Indian govt

With just about a fortnight left for the suspension on fresh corporate insolvency cases to end, government sources have indicated that another extension is unlikely

Cairn said its shareholders expect the use of the company's 'strong powers of enforcement' to recover 1.4 billion

Inter-ministerial meeting with officials of key govt departments today to discuss India's strategy

Here's a selection of Business Standard opinion pieces for the day

India lost the Cairn arbitration case. The case was related to the retrospective tax amendment law and the verdict came late night Tuesday. How did the dispute arise? Listen to the podcast for more

In a major boost to firms such as Reliance Industries, the government allowed affiliate companies to buy gas produced from non-regulated fields as part of giving complete marketing freedom

Cairn is awaiting its own arbitration award for which the final hearings concluded way back in 2018