Cairn’s parent company, Vedanta, is entangled in a legal battle with MOPNG in the Indian Supreme Court
Cairn renews Barmer block PSC
Much-needed private capital for the upstream is closer to being unlocked, but legal uncertainties remain
Privately held Indian E&P firm Cairn Oil & Gas renewed a ten-year PSC with India’s Ministry of Petroleum and Natural Gas (MOPNG) for the Barmer oil block in the late October, de-risking a significant plank of the company’s planned $5bn investment programme in the country’s struggling upstream oil sector. The new contract will run until 2030, the initial licence to explore and produce oil and gas from the block having expired in May 2020. Increased contribution from private sector oil and gas producers to India’s crude output would be a much-needed fillip for the upstream sector. The share of India’s crude output delivered by private companies has been in long-term decline. Private/j
Also in this section
1 April 2025
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
1 April 2025
Strong economic growth targets are encouraging for the country’s energy demand growth, even if meeting those goals might be a tall order
28 March 2025
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
28 March 2025
MCEDD 2025 took place in Madrid this week with record attendance and a wide-ranging programme, reflecting the deepwater sector’s renewed momentum, strategic focus and accelerating technological innovation.
