Post Delhi High Court judgment, government mulls to recover dues from Vedanta’s Cairn Oil & Gas

The oil ministry plans to seek millions of dollars from Vedanta’s Cairn Oil & Gas after the Delhi High Court held that the firm was liable to pay higher profit share to the government in lieu of its Rajasthan oil and gas block license being extended beyond initial term. Cairn’s Barmer basin in Rajasthan block licence, whose initial […]

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INTERVIEW- Government must consider fiscal relaxation for us, says Cairn Oil & Gas CEO

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Gloomy near- to mid-term outlook abound for the oil and gas sector in wake of the COVID-19 crisis that has forced countries to shutdown, bringing economic activity to a grinding halt. While global oil prices have slumped, production is being significantly curtailed in leading oil-producing countries because of a drop in demand.   Ajay Kumar […]

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