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Cairn, partners to invest Rs 530 cr in Ravva field

Cairn India, along with its partners Ravva Oil, Oil and Natural Gas Corporation (ONGC) and Videocon Industries, plans to invest about Rs 530 crore (Rs 5.3 billion) in new wells, which would help......

Govt to hike Ravva gas price by over 35%

The government is likely to hike the price of natural gas produced from Cairn India-operated Ravva fields by 35 per cent to $4.75 in line with the rates it has approved for gas produced by ONGC......

Ravva Satellite gas: GAIL opposes $6.75/mmBtu rate

State-run gas utility GAIL India has opposed the $6.75 per million British thermal unit price sought by the Cairn India-led joint venture for the gas produced from the Ravva Satellite fields in the......

Reserves deplete at PMT, Ravva fields

Two of India's oldest oil and gas finds, Panna-Mukta-Taptiand Ravva are facing the threat of reserve depletion.A consortium of British Gas, Oil and Natural Gas Corporationand Reliance Industries,......

Cairn JV seeks $6.75 per mmBtu Ravva gas

Even as the debate rages on the $4.20 per mmBtu price approved for Reliance Industries' KG basin fields, a Cairn India-led joint venture has discovered a market price of $6.75 per mmBtu for the......
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Pradhan for crude oil cess cut, taking up matter with FinMin

25 November 2015, Mumbai, PTI The Petroleum Ministry is talking to the Finance Ministry on reducing the cess that the industry has been... ...
Production Performance of Oil & Natural Gas Sector for the month of October, 2015

1. Crude Oil Production 1.1 Indigenous crude oil production (including condensate) during October, 2015 was 3151.178 TMT which is 2.53% higher... ...
Cess bites into crude revenue on low prices

NEW DELHI: Globally, oil producers have fallen on hard times as they lose revenue due to the big drop in prices since July last year. But in India,... ...
Cairn India Q2 net profit down 83% to Rs 193 crore

Average brent prices fell 18% quarter-on-quarter to $50.5 per barrel driving Cairn's average oil realization down by 22% to $43.7 per barrel BS... ...
Cairn India to exit Sri Lankan block

But the discoveries were assessed to be commercially unviable. It has therefore decided not to enter the development phase after the end of... ...

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