DGH to renegotiate fiscal terms of Cairn's Rajasthan block
"We have asked DGH to renegotiate terms with both the contractors, Cairn and Oil and Natural Gas Corp (ONGC)," a senior government official said.
Mar 15, 2015, 11:16 AM IST
Cairn files notice against India in $1.6 billion tax dispute
The dispute notice was filed under the terms of a UK-India Investment Treaty, meaning the Indian government and Cairn will start negotiations to find a resolution to the dispute, Cairn said.
Mar 11, 2015, 16:17 PM IST
Cairn reduces yearly losses, plans more Senegal wells
Cairn has been unable to sell the 10 percent share it holds in Cairn India, worth around $703 million at the end of the year.
Mar 10, 2015, 13:09 PM IST
Cairn Energy lays off 40% staff following India tax dispute
Cairn has laid off 100 employees across the board as a cost cutting measure, company sources said.
Feb 23, 2015, 15:26 PM IST
Cairn makes second oil discovery offshore Senegal
The oil explorer is the operator and owns a 40 percent stake in three blocks off the coast of Senegal.
Nov 10, 2014, 13:11 PM IST
Cairn India's Rajasthan output dips 7% in Q2
Rajasthan block production in July-September stood at 163,262 barrels of oil per day as compared to 175,478 bpd a year ago, the company said in a statement here.
Oct 10, 2014, 14:45 PM IST
Cairn discovers oil offshore Senegal
The companies encountered 29 metres of net oil bearing reservoir at the FAN-1 well, located around 100 km off the coastline and 1,427 metres deep.
Oct 07, 2014, 12:48 PM IST
Cairn to get 10-year extension for Rajasthan block
The current PSCs provide for a 5-year extension in case of an oil field and 10 years in case of gas discoveries.
Aug 05, 2014, 13:54 PM IST
Cairn seeks ONGC nod to extend Rajasthan block permit beyond 2020
Sources said as a licensee, ONGC has concerns on royalty which it would be like to be addressed at the time of extension.
Jul 27, 2014, 16:26 PM IST
Cairn to invest $200 mn in Rajasthan gas field
The USD 200 million investment during FY2015-17 will be towards developing existing Raageshwari Deep Gas field and associated field facilities and pipeline.
Jun 19, 2014, 16:15 PM IST
ONGC to hike stake in Cairn block
Though the royalty is later cost recovered, the company faces cash flow issues because of the payment.
Jun 16, 2014, 13:05 PM IST
