Page 2 - Cairn Oil & Gas

Cairn Oil & Gas starts production from tight oil project in Rajasthan

Vedanta Ltd's Cairn Oil & Gas on Wednesday said it has commenced oil production from NA #01 facility in Aishwariya Barmer Hills in Rajasthan. "The project is a first in Cairn's tight oil portfolio with a growth potential to contribute 20 per cent to the company's vision production," the company said in a statement. Cairn Oil & Gas however did not give production numbers. The project, the firm said, has been executed in collaboration with leading global oilfields services company, Schlumberger. The ABH development uses some of the most advanced technologies for its operations. It is the largest horizontal well with multi-frac development campaign of 37 wells in the Indian subcontinent which is the key enabler to unlock tight oil. Speaking about the project, Prachur Sah, Deputy CEO, Cairn Oil & Gas, said, "The ABH tight oil project is yet another example of our commitment to growing India's E&P sector through the deployment of advanced technologies. "It is also a ...

Cairn Energy offers to forego $500 mn if India agrees to pay principal due

The Scottish firm invested in the oil and gas sector in India in 1994 and a decade later it made a huge oil discovery in Rajasthan

India in process of filing appeal against Cairn arbitration award: Report

India is in the process of filing an appeal against an arbitration panel asking it to return USD 1.2 billion to British oil firm Cairn Energy Plc, sources said on Wednesday

India ready to appeal Cairn's $1.2 billion arbitration award this week

Courts in five countries, including the US and UK, have given recognition to the $1.4 billion arbitration award

It is my duty to appeal: FM Sitharaman on Cairn arbitration award

India's sovereign authority to tax cannot be questioned by anybody, she asserts

Will wrap up expansion this month: Cairn Oil & Gas Deputy CEO Prachur Sah

Currently, Cairn Oil & Gas is driving production from the Rajasthan asset and the offshore asset

Time to move on

Govt should end its retrospective tax disputes

$1.2-bn arbitration award: Cairn, govt discuss long-term capital gains tax

Company will invest in India, but looking for 'acceptable solution' to tax dispute

Cairn says it is looking for mutually 'acceptable' solution to tax dispute

'Assuming such a resolution can be achieved, we look forward to being able to move on to further opportunities to invest in India,' says the UK company

Cairn Oil & Gas seeks bids for sale of natural gas from Rajasthan block

Cairn Oil & Gas, Vedanta's oil and gas arm, produces about 3.5 million standard cubic meters per day of gas from its largely oil-bearing block in Rajasthan, the firm said in a notice

Twin blows in three months

Govt must move on, accept retro tax arbitration awards

Cairn Energy wins tax arbitration against India: What the case is all about

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

Vedanta's Cairn Oil & Gas gets 3-month extension for Rajasthan oil block

Vedanta's oil and gas arm Cairn has got a further three-month extension of license for its prolific Rajasthan oil block pending settlement of a dispute over $520 million cost recovery

IIT alumni Prachur Sah appointed as new Deputy CEO of Cairn Oil and Gas

Cairn Oil & Gas, a unit of Vedanta Ltd, on Tuesday announced the appointment of Prachur Sah as its Deputy Chief Executive Officer. Prachur Sah earlier held the role of Director - New Ventures and spearheaded the company's expansion efforts under the Open Acreage Licensing Policy (OALP) rounds, the company said in a statement. Prachur brings over two decades of rich experience in the energy sector and joined Cairn Oil & Gas in 2018 from Schlumberger where he was the Managing Director India & Bangladesh. An alumni of IIT Bombay, he has worked in several countries including South Asia, Middle East and Latin America and brings with him a deep understanding and experience of the oil and gas business. "In his new role, Prachur will lead the next phase of growth for Cairn towards delivering volumes, cost, growth projects, rewards and recognition and early monetisation (new blocks)," it said. He will be supported by the Management Committee of Cairn Oil & Gas comprising of ...

Retrospective tax: Cairn example shows why FDI in oil & gas is in a mess

The retrospective tax controversy was highlighted by Vodafone, but Cairn Plc's continuing problems point to the impact this law has had on FDI in India's oil and gas sector

Anil Agarwal's Vedanta wins case for $499-million arbitration award claim

Setback for govt as Supreme Court allows the company higher cost recovery for Ravva field

How govt's late afterthoughts and claims have haunted oil and gas sector

Problems in production-sharing agreements with the government have haunted private oil and gas companies for years

Cairn initiates arbitration against $520 mn govt demand over discrepancies

A source said based on the PSC, the seat of arbitration is likely to be London, while both the parties can have the option of deciding the seat later

Ajay Dixit exits Cairn, is fifth CEO to quit firm since Vedanta acquisition

Cairn Oil & Gas said in a statement that Dixit is superannuating at the end of his five-year term at the group in May

Govt should consider relief for oil companies, says Ajay Dixit, Cairn CEO

Ajay Dixit, in an interview, tells Shine Jacob about the Covid-19 impact on the industry, future plans and the need for government support.