Edinburgh-based Cairn Energy Plc today said it expects to conclude a $8.48 billion deal to sell up to 51 per cent stake in its Indian unit to mining company Vedanta Resources Plc by April 15 this ...

After Reliance Industries, Cairn India has complained to the petroleum ministry about bureaucratic hurdles delaying approvals for routine matters that are critical for operations at properties like the giant Rajasthan oilfields. ” Delays in getting timely approvals ...

The upstream regulator Director General of Hydrocarbon (DGH) has certified that Anil Agarwal-controlled Vedanta Resources has sufficient technical capabilities to operate country’s oil and gas blocks held by Cairn India, brightening prospects of the US $9.6-billion ...

India’s monthly crude oil output rose to a record in December after non-state companies including Cairn India Ltd. almost doubled production. Asia’s third-biggest energy consumer pumped 3.4 million metric tons of oil last month, an increase ...

The US $9.6 billion  acquisition of Cairn India by Anil Agarwal-promoted Vedanta Resources may  end up in a court, as the petroleum ministry’s conditional approval to the deal is unlikely to find favour with the London-based ...

ONGC’s CMD R S Sharma on Monday said the royalty issue on Cairn India’s oil field in Barmer, Rajasthan, should be resolved before the state-run company hits the capital market with its follow on public offer. ...

The government is poised to clear the $9.6-billion Cairn-Vedanta deal by the middle of February, ending five months of uncertainty over the controversial deal involving the transfer of India’s biggest onshore oilfield operated by the British ...

State run oil and gas explorer ONGC has demanded that the royalty it pays on crude from Cairn’s oilfields in Rajasthan be added to the project cost and profit for all stakeholders, including the government, be ...

PMO has asked the petroleum ministry to decide within this month if the US $9.6-billion Cairn-Vedanta deal should be approved or rejected. The decision should be purely on merit, the prime minister has said. A senior PMO ...

In order to boost ONGC’s valuations ahead of followon public offer (FPO) which is scheduled early next year, central government has given in principal ok to the proposal which ensures  Cairn gets minmum 10 per cent ...