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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ONGC increases its share in India’s oil and gas production to 70% from 53% a decade ago

State-owned ONGC has seen its contribution to the national production jump to over 70 per cent from under 53 per cent a decade back, petroleum ministry data showed. While Oil and Natural Gas Corporation (ONGC) maintained production levels, output by other operators has dropped, leading to an overall fall in India’s output and a sharp rise in import […]

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