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RAVVA OIL ARBITRATION
Vedanta Oil and Gas shares rally 8%. What’s boosting investor sentiment today?Vedanta Oil and Gas shares rose sharply on Thursday, outperforming its recently listed Vedanta group peers after reports that the Delhi Hig...- Supreme Court dismisses ministry's appeal in Ravva oil field caseThe Supreme Court of India has dismissed an appeal by the Ministry of Petroleum and Natural Gas regarding a case involving the development ...
- $1.4bn arbitration award: Cairn says hopeful of solution, will take steps to protect shareholder interestIn December, an arbitration body awarded the British firm damages of $1.2 billion plus interest and costs, after ruling India had breached ...
- Vedanta wins case against India for $499 million award claimThe company won a case for enforcement in a high court but the federal government appealed in the country’s top court saying the claim was ...
- Ravva oil fields case: SC upholds foreign arbitration award in favour of Vedanta, VideoconA bench of the apex court, headed by RF Nariman, dismissed the Centre's appeal against the foreign arbitration award that allowed Vedanta a...
- NCLAT dismisses govt claims of USD 314 mn from Videocon Industries for Ravva offshoreThe ministry had on October 22 last year sent Videocon a demand notice for payment of government's share of profit.
- Cairn Energy ready to reinvest in India if retro tax issue is resolved: CEOThe tax department confiscated its dividend income, stopped tax refund and sold its shares to recover the tax demand which was raised using...
- Cess bites into crude revenue on low pricesGlobally, oil producers have fallen on hard times as they lose revenue due to the big drop in prices since July last year.
- Oil & gas explorers with small fields to double the existing profit share to governmentThere would be a separate policy for large fields such as Cairn India's Rajasthan block and Reliance Industries' KG-D6 block.
- DGH proposes tougher norms for extending oilfield contracts of private firmsDGH has proposed stringent norms for extending oilfield contracts of private firms, demanding they should raise the state's share of profit...
- Hydrocarbons arm of oil ministry finding it difficult to pay Rs 2.51 crore legal feesOil ministry’s technical arm, the Directorate General of Hydrocarbons (DGH) is unable to pay legal fees totalling Rs 2.51 crore pending gov...
- Oil Ministry sanctions 'scrupulous' action against Reliance IndustriesOil Ministry has sanctioned taking "scrupulous" action against RIL for natural gas output from its KG-D6 fields falling below the target.
- Tough choice for Vedanta as GoM adds riders to Cairn India dealVedanta will have to decide if it should continue to pay Rs 405 per share or USD 6.65 billion for buying 40 per cent stake in Cairn India.
- GoM sets stringent conditions for approving Cairn-Vedanta dealThe GoM recommended that Cairn withdraw the cess arbitration and agree to pay its share of cess as the second pre-conditions for approval.
- Oilmin sets Ravva profit sharing as rider to Cairn-Vedanta dealThe oil ministry will ask Cairn India to accept its position in a lawsuit over sharing of profits in Cairn-operated Ravva oil and gas field...
- Cairn-Vedanta deal to get nod next monthGovt is poised to clear the $9.6-billion Cairn-Vedanta deal by the middle of February, ending five months of uncertainty over the controver...
- Cairn told to resolve royalty, cess issues before stake saleCairn’s India arm holds a 70% stake in the Rajasthan block that comprises about 85-90% of the $9.6 billion Cairn-Vedanta deal.
- ONGC claims consent must for Cairn dealONGC said it has asked Cairn Energy to provide it ‘full details’ and copies of all agreements related to the proposed transaction with Veda...
- Cairn, MRPL may appoint arbitrator for crude pricingCairn India (CIL) and MRPL, the government nominee to offtake its crude from Rajasthan, may appoint an arbitrator to discover the pricing o...
- Oil cess leaves Cairn boilingCairn India, which has been facing problems with its partner ONGC, is now planning to challenge the government’s claim for oil cess on crud...
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