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Govt to slap recovery notice on Vedanta's Cairn after Delhi HC judgment


The oil ministry will seeks tens of millions of dollars from Vedanta s Cairn Oil & Gas after the Delhi High Court held that the firm was liable to pay higher profit share to the government in lieu of its Rajasthan oil and gas block license being extended beyond initial term, a top official said.
In the interim, the firm s Barmer basin block licence, whose initial 25-year term ended on May 15, 2020, has been given an eighth interim extension, the official, who wished not to be identified, said.
Now that the Delhi High Court has upheld the government policy, we will issue recovery notices seeking higher profit petroleum since May 15, 2020, he said. The exact amount is being calculated but it will be in tens of millions of dollars. ....

Union Cabinet , Vedanta Cairn Oil Gas , Cairn Oil Gas , Vedanta Ltd , Delhi High Court , Natural Gas Corp , Cairn Oil , Prime Minister Narendrea Modi , Production Sharing Contract , Directorate General , Cairn Energy , Oil And Natural Gas Corporation , Vedanta Resources , Directorate General Of Hydrocarbons , Oil And Gas Companies , Cairn India , Copper Ore Mining , Oil Amp Gas Exploration And Production Nec , Rajasthan Psc , தொழிற்சங்கம் மந்திரி சபை , வேதாந்தா கெய்ன் எண்ணெய் வாயு , கெய்ன் எண்ணெய் வாயு , வேதாந்தா லிமிடெட் , டெல்ஹி உயர் நீதிமன்றம் , இயற்கை வாயு கார்ப் , கெய்ன் எண்ணெய் ,

WOOD GROUP (JOHN) PLC - Directorate Change


WOOD GROUP (JOHN) PLC - Directorate Change
PR Newswire
John Wood Group PLC ( Wood ) announces the following board changes.
Brenda Reichelderfer and Susan Steele will join Wood as non-executive directors with effect from March 31, 2021 and Mary Shafer-Malicki will cease to be a director with effect from the conclusion of the Company s forthcoming AGM.
Ms. Reichelderfer is currently an independent director of Moog, Inc, (NYSE: MOG-A) and Federal Signal Corporation (NYSE: FSS). She was Senior Vice President and Managing Director of global consulting firm, TriVista, Inc from 2008 through 2019. Between 2011 and 2017 she was non-executive director of Meggitt plc (LSE: MGGT). Before her retirement in 2008 she was Senior Vice President, Chief Technology Officer and Director of Engineering of ITT Corporation. She also held the position of Group President in two of ITT s four Operating Divisions during her 28 year tenure there. Ms. Reichelderfer holds a Bachelor of Science i ....

United Kingdom , City Of , Troy Franklin , Martinj Mcintyre , Susan Steele , Brenda Reichelderfer , Mary Shafer Malicki , Harvard Bioscience Inc , Ohio Northern University , Moog Inc , Auburn University , Trivista Inc , Manufacturing Life Sciences , Masters Of Business Administration , University Of Miami , John Wood Group , Business Development , Hill International Inc , Federal Signal Corporation , Senior Vice President , Managing Director , Chief Technology Officer , Group President , Operating Divisions , Ohio Northern , Chief Executive Officer ,

Petra Diamonds Ltd - Directorate Change


Petra Diamonds Ltd - Directorate Change
PR Newswire
Directorate Change
Further to the announcement made by the Company earlier today and pursuant to paragraph 9.6.12 of the Listing Rules, the Company announces that the appointment to the Board as a Non-Executive Director of Mr. Matthew Glowasky, whose prospective appointment was initially announced on 22 December 2020, became effective today immediately upon Admission.
Capitalised terms used but not defined in this announcement have the meaning given to them in the combined prospectus and circular published by the Company on 22 December 2020, which is available on the Company s website (www.petradiamonds.com/investors/2020-financial-restructuring/).
~ Ends ~
Petra Diamonds, London Telephone: +44 20 7494 8203 ....

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