Cairn Energy gets EAC nod to raise production capacity

Last Updated: Sunday, January 20, 2013, 14:16

The Expert Appraisal Committee (EAC) under the ministry has allowed the oil and gas major to increase oil production from 1,75,000 barrels per day (bpd) to 2,00,000 bpd and associated gas from 35 to 40 million standard cubic feet per day.

Cairn India net more than triples to Rs 2,322 cr in Sept quarter

Last Updated: Monday, October 22, 2012, 19:11

Cairn India Ltd Monday said it has more than tripled its net profit in September quarter to Rs 2,322.18 crore on the back of higher production, and will consider its maiden dividend payout on October 31.

Cairn Energy sells 8% stake in Cairn India for USD 910 million

Last Updated: Tuesday, September 25, 2012, 12:37

After Tuesday’s sale of more than 15.26 crore shares, Cairn Energy is still left with 10.28 percent stake in Cairn India.

EIL bags FEED for Mangala Polymer Project of Cairn

Last Updated: Friday, August 10, 2012, 15:49

State-owned Engineers India Ltd on Friday said it has bagged a consultancy service contract from Cairn Energy India Pty Ltd for its enhanced oil recovery project for Mangala oil field in the prolific Rajasthan block.

Cairn India tanks 7.75% as Cairn Energy sells 3.5% stake

Last Updated: Friday, June 29, 2012, 13:56

Shares of Cairn India tumbled over 7 percent on Friday, despite a strong stock market, following reports that UK's Cairn Energy today sold 3.5 percent in it for over Rs 2,000 crore in an open market deal.

Cairn sells 3.5% stake in India unit for over Rs 2,000 crore

Last Updated: Friday, June 29, 2012, 12:57

UK's Cairn Energy, which had last year sold majority stake in its Indian unit to mining group Vedanta, Friday sold 3.5 percent for over Rs 2,000 crore in an open market deal.

Agora strikes oil in Norwegian North Sea, says Cairn Energy

Last Updated: Monday, April 16, 2012, 17:13

Edinburgh-based Cairn Energy PLC Sunday said that Agora Oil and Gas, a firm it is set to buy, has struck oil in the Norwegian North Sea.

Cairn posts record profit of $4.56 bn

Last Updated: Tuesday, March 20, 2012, 21:03

The company posted an operating loss of USD 1.1 billion against a USD 298.9 million loss in 2010 as a result of an unsuccessful drilling campaign in Greenland.

Cairn Energy sells stake in Pitu block

Last Updated: Monday, January 23, 2012, 23:40

Edinburgh-based explorer Cairn Energy plc today said today said it has sold 30.6% stake in Pitu block in the Baffin Bay Basin off the west coast of Greenland to Norway's oil and gas major Statoil ASA for an undisclosed amount.

Cairns' third well in Mannar has turned up dry: Company

Last Updated: Monday, December 26, 2011, 17:17

After two significant gas finds, Cairn India on Monday said its third well in offshore Mannar Basin of Sri Lanka has turned up dry.

Vedanta appoints 3 directors on Cairn India board

Last Updated: Friday, December 16, 2011, 20:45

Close on the heels of completing acquisition of Cairn India, London-based mining group Vedanta has appointed three nominees, including its vice chairman Navin Agarwal and Priya Agarwal, on the company board.