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Vedanta's Cairn Oil & Gas commences oil production from facility in Rajasthan | Udaipur News | Udaipur Latest News

Vedanta’s Cairn Oil & Gas commences oil production from facility in Rajasthan
Vedanta’s Cairn Oil & Gas has commenced oil production from a facility in Aishwariya Barmer Hills in Rajasthan. The project is a first in Cairn’s tight oil portfolio with a growth potential to contribute 20 per cent to the company’s vision production. The project has been executed in collaboration with leading global oilfields services company, Schlumberger. The ABH development uses some of the most advanced technologies for its operations. It is the largest horizontal well with multi-frac development campaign of 37 wells in the Indian subcontinent which is the key enabler to unlock tight oil. ....

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Stocks in the news: RIL, SBI, Future Retail, Dalmia Bharat and Vedanta

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Dalal Street looked set to see some weakness on Monday, as the Maharashtra government’s decision on Sunday to bring in stricter curbs to contain the spread of coronavirus is widely expected to test the recent strength in stocks.
That said, here is a list of stocks buzzing this morning.
Reliance Industries: Billionaire Mukesh Ambani s Reliance Industries said it has secured approval of its shareholders and creditors for hiving off its oil-to-chemical (O2C) business into a separate unit.
Adani Enterprises: The company said it has won a Rs 1,169.10 crore highway project in Odisha from the National Highways Authority of India (NHAI). The contract has been won by Adani Enterprises wholly-owned subsidiary Adani Road Transport Ltd (ARTL). ....

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Nifty today: SGX Nifty down 75 points; here's what changed for market while you were sleeping

Nifty futures on the Singapore Exchange traded 74 points, or half a per cent, lower at 14,918 in signs that Dalal Street was heading for a weak start on Monday
Tech View: Nifty eyes 14,900 level
At close, the index stood above its 20-day and 50-day simple moving averages and nullified the Bearish Belt Hold pattern formed in the previous session. Analysts advised traders not to read much into the moving averages in a sideways market, but believe a breach of the 14,900 level could bring the bulls back into the game.
Some Asian markets show strength
Stocks in other Asian markets climbed this morning as investors weighed the sustainability of the latest selloff in bonds. A regional gauge edged higher. Japan’s Nikkei rose 0.8% but Korea s Kospi looked weak. Markets are closed in China, Hong Kong and Australia for the Easter break. ....

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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. ....

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Oil ministry to seek tens of millions of dollars from Vedanta's Cairn Oil & Gas

Oil ministry to seek tens of millions of dollars from Vedanta's Cairn Oil & Gas
telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.

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