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Cairn to invest $200 mn in Rajasthan gas field

Last Updated: Thursday, June 19, 2014, 16:15

The USD 200 million investment during FY2015-17 will be towards developing existing Raageshwari Deep Gas field and associated field facilities and pipeline.

ONGC to hike stake in Cairn block

Last Updated: Monday, June 16, 2014, 13:05

Though the royalty is later cost recovered, the company faces cash flow issues because of the payment.

Cairn India profit declines 14% on foreign-exchange loss

Last Updated: Thursday, January 23, 2014, 19:02

Cairn India on Thursday reported a 14 percent drop in its December quarter net profit after record revenue from highest ever production was negated by a foreign-exchange loss.

Cairn reports marginal rise in Rajasthan output

Last Updated: Thursday, October 10, 2013, 16:02

Cairn India posted a 2 percent increase in crude oil production from its showpiece Rajasthan oilfields in the second quarter ended September 30.

Cairn begins gas sales from Rajasthan block

Last Updated: Saturday, March 23, 2013, 13:38

After giving the nation a massive oil discovery, Cairn India on Saturday began natural gas sales from its prolific Rajasthan block on borders with Pakistan even as it put another oilfield in the area on production.

Cairn to begin gas production from Rajasthan by March-end

Last Updated: Tuesday, March 05, 2013, 13:41

Cairn currently produces small volumes of natural gas along with crude oil from the fields in the Barmer basin block. The gas produced in used for power generation for internal consumption.

ONGC, DGH nod for oil production from Cairn's Bhagyam field

Last Updated: Monday, December 26, 2011, 15:02

State-run ONGC and the Oil Ministry's technical arm, the DGH, have given Cairn India the go-ahead for commencement of production from the Bhagyam oilfield, the second-largest find in the prolific Rajasthan block.

Cairn India upbeat on Rajasthan's crude output

Last Updated: Thursday, October 20, 2011, 18:36

Cairn India on Thursday said it will hike Rajasthan crude oil output by 40 percent to 175,000 barrels per day by the end of this fiscal as it sees strong support from partner ONGC and government post resolution of the royalty issue.

Cairn board meet on royalty, cess payment tomorrow

Last Updated: Tuesday, September 13, 2011, 14:44

Cairn India's board may tomorrow concede to pay royalty and cess on its mainstay Rajasthan oilfields after parent firm Cairn Energy did a u-turn and accepted riders imposed by the government to clear its over USD 6 billion stake sale to Vedanta Resources.

Cairn projects 3 lakh bpd production from Raj oil block

Last Updated: Tuesday, September 06, 2011, 16:44

Cairn India has projected a peak projection of 300,000 barrels per day from its prolific Rajasthan oil block, a quarter more than the previously projected peak output.