Rodney Smith Named General Counsel of Cairn Oil and Gas

Cairn Oil & Gas Reserves Surge

Cairn Oil & Gas, a subsidiary of Vedanta Resources, has reported a significant 19% increase in its oil and gas reserves, now totalling an impressive 1.4 billion barrels of oil equivalent. This notable growth underscores Cairn's robust exploration and production capabilities, solidifying its position as a leading player in India's energy sector.

The increase is attributed to successful exploration activities and efficient reservoir management, which have optimised recovery rates. Cairn's CEO, Nick Walker, highlighted that this achievement aligns with the company's strategic goal..

Rodney Smith Named General Counsel of Cairn Oil and Gas

Cairn Oil and Gas, a leading player in the oil and gas sector, has appointed Rodney Smith as its General Counsel. Smith brings a wealth of legal expertise and industry experience to his new role, where he will oversee legal affairs and provide strategic guidance to Cairn Oil and Gas.

With a distinguished career spanning several decades, Smith has held various senior legal positions in renowned organizations within the oil and gas industry. His deep understanding of legal frameworks and regulations, coupled with his leadership acumen, positions him as a valuable addition to Cairn Oil and..

L&T wins orders from Vedanta for its hydrocarbon business

The Hydrocarbon Business (L&T Energy Hydrocarbon – LTEH) of L&T has secured two prestigious orders for its Asset Management and AdVENT business verticals.

Larsen & Toubro Energy Hydrocarbon - Asset Management (LTEH-AM), a new business vertical for Operations and Maintenance (O&M) and associated services in the global market, has secured its first integrated O&M contract from Vedanta, Cairn Oil & Gas division. This 5-year contract is for Integrated O&M of Upstream Oil & Gas Processing Facility at Raageshwari Gas Terminal and associated Gas Well Pad..

Indian Government Reduces Windfall Tax on Crude Petroleum

The Indian government has decided to reduce the windfall tax on crude petroleum, lowering it to Rs 5,700 per metric ton effective from May 16. This decision comes amidst efforts to balance revenue generation with the need to mitigate the impact of high global crude oil prices on domestic consumers and industries.

The windfall tax reduction follows a period of sustained increase in global oil prices, which have posed challenges for India's economy and inflationary pressures. By revising the tax rate downwards, authorities aim to provide relief to consumers while ensuring a stable environ..

Cairn Oil & Gas Reserves Surge

Cairn Oil & Gas, a subsidiary of Vedanta Resources, has reported a significant 19% increase in its oil and gas reserves, now totalling an impressive 1.4 billion barrels of oil equivalent. This notable growth underscores Cairn's robust exploration and production capabilities, solidifying its position as a leading player in India's energy sector.

The increase is attributed to successful exploration activities and efficient reservoir management, which have optimised recovery rates. Cairn's CEO, Nick Walker, highlighted that this achievement aligns with the company's strategic goal..