The complete deregulation of diesel prices and the announcement of the new gas pricing formula are bound to give a fillip to the oil & gas sector in the country. Finally, the oil & gas sector has been visited by the ´reforms
Tag: Cairn India
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India will benefit from the Shale gas
John Westwood, Group Chairman of Douglas-Westwood and Dan Eberhart, CEO of Canary USA, give their insights on the future of oil & gas in the Indian market.
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Cairn to double gas output
Cairn India Ltd is planning to double gas output from its Barmer basin in Rajasthan by the end of the current fiscal. The company has estimated its Rajasthan gas reserves at one trillion cu ft (tcf).
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Cairn to extend Rajasthan block
Cairn India has sought partner ONGCs nod for extension of the licence of their prolific Rajasthan oil block beyond the contractual deadline of 2020.
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Dynamic Professional
Sanjay Singh is Director- Human Resources and Administration at Cairn India. In his current role, Singh is responsible for creation and delivery of dynamic HR strategies to meet the business needs of the organisation.
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Cairn India oil output
Cairn India will explore ways to double oil output to 400,000 barrels a day from about 200,000 barrels. In January 2013, the government approved the company´s plan to raise production to a peak rate of 300,000 barrels a day and next month allowed it to explore for
new oil deposits in Rajasthan.
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Cairn India ranked worlds fastest growing energy firm
Cairn India has been ranked as the fastest growing energy company in the world while Reliance Industries is the top ranked Indian energy firm in the global ranking. With a compound growth rate of 121 per cent in past three years, Cairn was ranked the fastest growing energy company in the world ahead of Cnooc of China, Valero Energy of the US, PetroChina, Essar Energy and Russian Rosneft, according to the Platts Top 250 Global Energy Company Rankings.
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Cairn India is the fastest growing energy firm
In the global ranking, Cairn India has been ranked as the fastest growing energy company while Reliance Industries is the top ranked Indian energy firm in the global ranking. With a compound growth rate of 121 per cent in past three years, Cairn was ranked the fastest growing energy company in the world ahead of Cnooc of China, Valero Energy of the US, PetroChina, Essar Energy and Russian Rosneft, according to the Platts Top 250 Global Energy Company Rankings.
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Cairn India eyes acquisitions
To strengthen its exploration and production portfolio, Cairn India is exploring opportunities to buy gas and oil blocks. The acquisitions would be funded by the earnings from its Rajasthan assets. By 2015-16, the company plans to spend $3 billion and is hopeful of a production of 225,000 boepd overall by 2013-14.
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Cairn India net profit jumps to Rs 3,385.08 cr
On the back of record oil and gas production and high oil prices, Cairn India on October 22 reported a 46 per cent jump in its September quarter profit.