Net revenue for Q2FY16 was reported at Rs.2,242 crore, which declined 15 per cent QoQ mainly due to fall in crude prices and increase in discount to Brent for Rajasthan crude. Average Brent prices fell 18 per cent QoQ to $50.5 per barrel driving our average oil realization down by 22 per cent QoQ to $43.7/bbl.
FlashNews:
Whoever controls Antariksha (outer space) will rule Prithvi (the world)”: Dr. Subba Rao Pavuluri
Electricity futures key to managing power price volatility”: NSE’s Sriram Krishnan
InfraPandit Awards to Honour Doctoral Excellence in Infrastructure
REC Wins Leading CSR and Sustainability Award for Healthcare Support
HAL Set to Enter New Global Space Race with SSLV Contract Win
Multimodal Logistics: Optimising Assets, Strengthening Supply Chains
Gadkari Announces FASTag Annual Pass to Ease Private Vehicle Movement from Independence Day
Air India 171 Crash: A Definitive Inflection Point for Indian Aviation
REC Reports Strong Profit Growth
GAIL Reports Record Profit Surge
India Calls for Inclusive Energy Governance at BRICS Meet
Mumbai-Ahmedabad Bullet Train’s 300 km Viaduct Milestone
India Revokes Security Clearance to Turkish Firm Çelebi
Major Ports Handle Record Cargo Throughput in FY2025
India Committed to Unlocking Energy Potential: Puri
Gaganyaan Scheduled for 2027 Launch
Defence Budget Set for Rs.500 Billion Top-up
Operation Sindoor: The Indigenous Edge
Securing India’s New Crown Jewels
Home » Cairn
Tag: Cairn
The new gas pricing policy is a step in the right direction but more is needed
The government has highlighted Oil & Gas (O&G) as a priority sector as part of its ‘Make in India’ campaign. The focus in O&G will be on Oil Field Services and Equipment (OFS). An interesting model could be Malaysia and Dubai kind of service hubs on the east coast and west coast of the country.
Crude oil production up
India’s crude oil production rose by 1.6 per cent in August to 3.24 million tonne as higher output from Cairn India operated Rajasthan fields offset the decline at the state oil and gas explorer ONGC’s assets. Cairn’s Rajasthan oilfields produced 542,000 tonne, 1.8 percent more than August 2010. On the other hand, ONGC saw a decline in output by 1.1 percent to 2.03 million tonne.