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Top News In எடின்பர்க் அடிப்படையிலானது கெய்ன் ஆற்றல் Today - Breaking & Trending Today

India needs to settle with Cairn Energy and the rest

The Indian government s refusal to honour the award of an international arbitration tribunal to pay Edinburgh-based Cairn Energy its dues is becoming increasingly embarrassing.
While the energy major has registered cases in various countries - the US, Netherlands, Germany, etc - for seizing government assets like Air India s aircraft, a French court has obliged and ordered a freeze on 20 Indian properties in central Paris.
In a nutshell: The tax department seized and sold a 10 per cent stake in Cairn’s Indian operations in lieu of tax claims for purported capital gains related to restructuring of the company in 2006. The tax department relied on an amendment to the Finance Act which allowed levy of taxes retrospectively since 1962. ....

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Big year for law firm's deal makers | HeraldScotland

The firm advised on the sale of Cairn s Senegal
By Scott Wright
THE sale of Scottish CCTV specialist IndigoVision to Motorola Solutions was among a host of transactions lawyers at Shepherd and Wedderburn worked on last year, as the firm’s corporate finance team advised on deals totalling £7.1 billion.
The team helped broker a total of 75 corporate deals last year, with a combined value that was 18 per cent higher than the year before. Deals included several in the clean energy and technology sectors. Shepherd and Wedderburn acted for BayWa r.e. in the sale of 24-megawatt Inverclyde Windfarm to Gresham House Renewable Energy, and for video games developer Epic Games in its acquisitions of SuperAwesome and Cubic Motion. It represented Edinburgh-based Cairn Energy in the sale of its interests off Senegal in a $400m deal, and acted for Collagen Solutions, the Glasgow life sciences company, in its takeover by US group Rosen’s Diversified Inc. ....

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£400m plan to boost output from oil field north of Aberdeen

AN Israeli-owned oil and gas firm is set to provide a £400 million vote of confidence in the North Sea under a plan to squeeze an extra 40 million barrels out of a venerable oil field.
Ithaca Energy has said it will go ahead with a project to boost output from the Captain field 90 miles north-east of Aberdeen after winning approval for its plans from the Oil and Gas Authority.
The company will implement stage two of an Enhanced Oil Recovery scheme using technology it says has been shown to be effective.
Chief executive Bill Dunnett said consent for the stage two work progresses the application of a technology that has already demonstrated an improved recovery rate and will help extend the life of Captain. The billion barrel field has been onstream since 1997. Production is running at around 27,000 barrels of oil daily. ....

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Cairn Energy to update investors on $1.2 billion Indian award

Cairn Energy to update investors on $1.2 billion Indian award
scotsman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scotsman.com Daily Mail and Mail on Sunday newspapers.

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