The board of Oil and Natural Gas Corp. Ltd is likely to give its final approval Saturday to the revised investment in developing Cairn India Ltd-operated RJ-ON-90/1 Block in Rajasthan. For full story, click here
Oil exploration companies have lost ground on the note that the government might put a cap on profits by imposing additional tax on the earnings of crude oil producers as a part of a transparent and sustainable subsidy-sharing system for the oil sector. For full story, click here
Cairn India declared that it will sell its Rajasthan crude oil at a discount of about $16 a barrel to the grade of Oil and Natural Gas Corp’s Mumbai High crude oil. For full story, click here
Oil and Natural Gas Corporation wants to quit from Cairn India’s prolific Rajasthan oil fields but the exit will not absolve it from its obligation to pay government levies on the crude oil produced. For full story, click here
Cairn India, the local arm of UK-based Cairn Energy, is few days away from making history and bringing Rajasthan’s Barmer district into the spotlight by producing oil but the milestone will come at a price. For full story, click here
Oil and Natural Gas Corporation wishes to exit Cairn India’s prolific Rajasthan oilfields as it has found the project economically unviable due to the Government levies that it will have to bear. For full story, click here
Public sector oil refiners declared that they cannot honour their commitment to lift up to 0.7 million tonnes of Cairn India’s Barmer crude this year, till it finalises the price, a petroleum ministry official said, requesting anonymity. For full story, click here
Public sector oil refiners will buy a part of the crude oil produced by Cairn India Ltd. from its Rajasthan block, Petroleum Secretary R.S. Pandey said on Thursday. For full story, click here
The government announced that it is mulling allowing Cairn India to export crude oil from the Rajasthan fields, having found buyers of even less than one-third of the company’s planned peak output from the blocks. For full story, click here
State-run Hindustan Petroleum Corporation Ltd and Mangalore Refineries, a subsidiary of government-owned ONGC have been nominated by the petroleum ministry for purchase of the early production of crude oil by Cairn India, a subsidiary of UK based explorer Cairn Energy Plc. For full story, click here
Get our independent commentary on oil trends and companies delivered to your inbox.
