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Expecting $1.06 Billion Payment From India Within Weeks, Says Cairn CEO
Cairn Energy Plc shareholders can expect a payback of as much as $700 million once the U.K. oil producer settles a long-running tax dispute with India.
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Government Of India Vs Cairn Energy Standoff. 10 Points About It
The Government of India and British oil major Cairn Energy have had a long face-off. It has its origin in a retrospective tax amendment law, under which the company was asked to pay a tax liability by India. Cairn contested against the demand and this led to an arbitration case.
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50 Million Litres Of Crude Stolen From India's Largest Onshore Oilfield
Police in Rajasthan have cracked a criminal syndicate accused of smuggling more than 50 million litres of crude oil inside water tankers from India's largest onshore oilfield, an official said.
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Vedanta's 3 Billion Dollar Bet To Re-Energise Its Biggest Oilfield
Vedanta aims to produce half of the energy-hungry nation's oil by 2020 and replace some aging fields.
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Cairn Created Maze Of Subsidiaries, Taxed Rs 10,247 Crore
According to documents accessed by PTI, Scotland-based Cairn Energy till 2006 held Indian assets, including the prolific Rajasthan oil fields, through nine Indian subsidiaries.
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Vedanta Completes Cairn Merger
In July last year, Vedanta had sweetened its merger proposal to win over minority shareholders.
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Cairn, Vedanta Get All Approvals For Merger Except RBI Nod
The approvals include transfer of stake of Cairn India in fields like the Rajasthan oilfield and Ravva oil and gas fields in Krishna Godavari basin to Vedanta Ltd.
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Tribunal Asks UK's Cairn Energy To Pay Rs 10,247 Crore In Tax
Anil Agarwal's Vedanta Group had acquired Cairn India in 2011. Cairn Energy had later initiated arbitration against the tax demands.
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Cairn India Gets Nod For Drilling 64 Exploratory, Appraisal Wells In KG-Basin
The block was awarded to Cairn India on 30 June 2010 as part of the NELP-VIII round for exploration of hydrocarbons and production.
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Shares Of Crude Oil Explorers Hit 52-Week Highs; Oil Refiners Drop
Stocks of oil retailers declined up to 4 per cent amid the benchmark Sensex tumbling 0.87 per cent.
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Hindustan Petroleum's Barmer Refinery Project Stares At Cost Overrun
HPCL had in March 2013 signed a memorandum of understanding (MoU) with the Rajasthan government for setting up the refinery-cum-petrochemical complex in Thar Desert near the oil discoveries made by Cairn India.
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Cairn India Lines Up Rs 30,000 Crore To Add 1 Lakh Barrel Per Day Of Oil
Cairn India has been operating for more than 20 years playing an active role in developing India's oil and gas resources.
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Government Gets Six More Weeks To Respond To Cairn Energy Arbitration
India has won a six week extension for replying to $5.6 billion claim sought by British oil explorer Cairn Energy plc for being slapped with a Rs 29,047 crore retrospective tax demand.
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ONGC, Cairn Face Rs 730 Crore Service Tax On Royalty Payments
The government from this fiscal will levy service tax of about Rs 730 crore on royalties they pay to the exchequer on oil and gas they produce.
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Cairn India Q2 Net Profit Up 139%; Cuts Operating Cost
Cairn India reported more than doubling of the second-quarter net profit after it managed to slash operating cost and reduced discounts on Rajasthan crude oil sales.
-
Expecting $1.06 Billion Payment From India Within Weeks, Says Cairn CEO
Cairn Energy Plc shareholders can expect a payback of as much as $700 million once the U.K. oil producer settles a long-running tax dispute with India.
-
Government Of India Vs Cairn Energy Standoff. 10 Points About It
The Government of India and British oil major Cairn Energy have had a long face-off. It has its origin in a retrospective tax amendment law, under which the company was asked to pay a tax liability by India. Cairn contested against the demand and this led to an arbitration case.
-
50 Million Litres Of Crude Stolen From India's Largest Onshore Oilfield
Police in Rajasthan have cracked a criminal syndicate accused of smuggling more than 50 million litres of crude oil inside water tankers from India's largest onshore oilfield, an official said.
-
Vedanta's 3 Billion Dollar Bet To Re-Energise Its Biggest Oilfield
Vedanta aims to produce half of the energy-hungry nation's oil by 2020 and replace some aging fields.
-
Cairn Created Maze Of Subsidiaries, Taxed Rs 10,247 Crore
According to documents accessed by PTI, Scotland-based Cairn Energy till 2006 held Indian assets, including the prolific Rajasthan oil fields, through nine Indian subsidiaries.
-
Vedanta Completes Cairn Merger
In July last year, Vedanta had sweetened its merger proposal to win over minority shareholders.
-
Cairn, Vedanta Get All Approvals For Merger Except RBI Nod
The approvals include transfer of stake of Cairn India in fields like the Rajasthan oilfield and Ravva oil and gas fields in Krishna Godavari basin to Vedanta Ltd.
-
Tribunal Asks UK's Cairn Energy To Pay Rs 10,247 Crore In Tax
Anil Agarwal's Vedanta Group had acquired Cairn India in 2011. Cairn Energy had later initiated arbitration against the tax demands.
-
Cairn India Gets Nod For Drilling 64 Exploratory, Appraisal Wells In KG-Basin
The block was awarded to Cairn India on 30 June 2010 as part of the NELP-VIII round for exploration of hydrocarbons and production.
-
Shares Of Crude Oil Explorers Hit 52-Week Highs; Oil Refiners Drop
Stocks of oil retailers declined up to 4 per cent amid the benchmark Sensex tumbling 0.87 per cent.
-
Hindustan Petroleum's Barmer Refinery Project Stares At Cost Overrun
HPCL had in March 2013 signed a memorandum of understanding (MoU) with the Rajasthan government for setting up the refinery-cum-petrochemical complex in Thar Desert near the oil discoveries made by Cairn India.
-
Cairn India Lines Up Rs 30,000 Crore To Add 1 Lakh Barrel Per Day Of Oil
Cairn India has been operating for more than 20 years playing an active role in developing India's oil and gas resources.
-
Government Gets Six More Weeks To Respond To Cairn Energy Arbitration
India has won a six week extension for replying to $5.6 billion claim sought by British oil explorer Cairn Energy plc for being slapped with a Rs 29,047 crore retrospective tax demand.
-
ONGC, Cairn Face Rs 730 Crore Service Tax On Royalty Payments
The government from this fiscal will levy service tax of about Rs 730 crore on royalties they pay to the exchequer on oil and gas they produce.
-
Cairn India Q2 Net Profit Up 139%; Cuts Operating Cost
Cairn India reported more than doubling of the second-quarter net profit after it managed to slash operating cost and reduced discounts on Rajasthan crude oil sales.
