Cairn Energy

Cairn Oil & Gas, Vedanta, KG Basin, Kutch Basin, Industry, Vedanta group,

Cairn Oil and Gas to begin offshore drilling in Kutch Basin in Oct 2025, KG Basin in 2026

Cairn Oil & Gas, Vedanta’s energy arm, will start offshore drilling in Kutch Basin in Oct 2025 and in KG…

August 27, 2025 20:26 IST

Cairn Oil & Gas, Vedanta Group, industry, oil, Rajasthan, oil and gas

Plans are afoot to triple output, alliances sewn up: Cairn Oil & Gas

Cairn Oil & Gas plans to triple output to 300,000 boepd with $3–4 billion investment, new drilling in Rajasthan, Gujarat,…

June 18, 2025 20:32 IST

Cairn, Norwegian, Krishna-Godavari Block, marine electromagnetic surveys

Cairn, Norwegian firm ink pact to boost exploration in KG block

Cairn Oil & Gas partners with Norway’s EMGS to deploy advanced 3D CSEM tech in the KG basin for deepwater…

April 25, 2025 22:33 IST

Cairn Oil aims to shift AGI load to solar energy by 2025

According to the report, the company reduced greenhouse emission by 51,520 tonne in FY 2021-22, and gas flaring intensity by…

January 26, 2023 00:45 IST

Vedanta Cairn Oil and Gas appoints Nick Walker as new CEO

“Before this appointment, Walker was president and chief executive officer at Lundin Energy, one of the leading European independent E&P…

Updated: January 19, 2023 14:04 IST

Cairn retro tax saga: A bizarre tale of twists and turns

The government late last month refunded about Rs 7,900 crore it had collected from selling residual shares of the British…

March 6, 2022 14:56 IST

If the company manages to attach the Central Paris properties, it will be the first asset freeze application to succeed among many filed by Cairn in different countries to enforce the arbitration award.

French court backing: Cairn Energy gets order to attach India assets

Even before the arbitral award was pronounced, India had seized and sold shares of Cairn in its erstwhile India unit,…

July 9, 2021 05:15 IST

Cairn case: PSBs not asked to withdraw funds from foreign currency accounts, says govt

Cairn Energy seizes Indian govt properties in France as $1.7 billion tax dispute escalates

The oil producer and the Indian government have been at loggerheads for months after an arbitration tribunal ruled in favour…

Updated: July 8, 2021 11:55 IST

Since then, Cairn has been pressing India to pay while the government has looked for possible solutions within the existing framework.

After Air India, Cairn to target more state cos to recover money due from govt

Cairn has identified USD 70 billion of Indian assets overseas for potential seizure to collect award, which now totals to…

June 27, 2021 12:15 IST

Cairn case: PSBs not asked to withdraw funds from foreign currency accounts, says govt

The government also stated that the CEO and other representatives of Cairn have approached the government for discussions to resolve…

May 24, 2021 05:00 IST

Moreover, the IT department was found to be aware of the transactions at least by 2010, given it assessed the stake sale of Cairn UK Holdings in Cairn India to Petronas.

Can’t risk a mark of Cairn: Foreign investors look for fair & equitable business environment, not regulatory uncertainty

As Cairn moves to attach AI assets, Centre must stop digging in its heels on retro tax, or risk losing…

May 19, 2021 06:15 IST

In its December 2020 ruling, the Permanent Court of Arbitration at The Hague invalidated India’s $2.74-billion 2015 tax claim on Cairn Energy.

India’s offer to Cairn in $1.4-bn arbitration battle: ‘Pay half the dues and move on’

Govt feels it is going to be tough for the company to enforce the arbitral award

February 20, 2021 05:15 IST

Just berating babus is a waste of time

Bureaucrats may stymie what the ministers want, but the only way to fix that is to have sweeping reforms

Updated: February 22, 2021 01:34 IST

Retro tax: Amid stand-off, Cairn Energy holds ‘constructive’ meeting with Union finance secretary

On November 18, the GoI told the Delhi High Court it is yet to take a call on whether to…

February 19, 2021 06:15 IST

Cairn CEO meets finance secretary over arbitration ruling, says meeting constructive

Cairn Energy had in 2011, sold Cairn India to mining billionaire Anil Agarwal’s Vedanta Group, barring a minor stake of…

February 18, 2021 17:04 IST

Risking seizure of assets is a bad idea

Govt chance of winning Vodafone/Cairn appeals poor & Cairn has already made the first move to attach India’s assets

February 16, 2021 22:37 IST

Cairn Energy, Cairn Energy india, Cairn Energy retro tax, Cairn Energy tax, retrospective tax, retro tax, British oil explorer, Narendra Modi, Narendra Modi retro tax, Narendra Modi government, modi news, foreign investment in india

Cairn offers to pay 15% of principal amount pending tax case

Hit hard by the retrospective tax, Cairn Energy plc of UK has offered to pay 15 per cent of the…

May 11, 2016 20:45 IST

Liquid funds or savings accounts? Where to park your money for better returns

In need of cash, govt chases $117 bn in elusive back taxes

Finance ministry is asking for regular progress reports from tax collectors and has set a date for an amnesty to…

April 18, 2016 09:43 IST

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India’s Russia oil imports at 1.5 million barrels per day so far in December

Economy20 min ago

India’s crude oil imports from Russia have stayed constant at 1.5 million barrels per day in December, but could potentially rise to 1.6 million barrels per day. Despite US sanctions on Russian oil companies, the market for Russian crude has not been affected, with only a 2% increase in Brent. However, some refiners have adjusted their buying patterns due to the sanctions.

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