Cairn CFO Hitesh Vaid at this year’s CERAWeek by S&P Global
Cairn sees deepwater key to boosting India’s energy security
Indian E&P company wants to take domestic production to a new horizon, given the amount of unexplored opportunities
India’s largest private E&P company, Vedanta Group’s Cairn Oil & Gas, is entering deeper waters in search for petroleum liquids as the country pivots towards enhancing domestic production capacity. Amid growing geopolitical uncertainty and the potential for a trade war, Cairn CFO Hitesh Vaid told Petroleum Economist in an interview that “energy security is key to India’s development”. “Our economy and population is growing; that is why energy demand is growing—and there is a large amount of imports required,” he said, noting that India imports around 90% of its crude oil requirements. “Given what is going on in the world, you do not want to rely on energy from anywhere else,” he adde
Also in this section
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
13 February 2026
Artificial intelligence is pushing electricity demand beyond the limits of existing grids, increasing the role of gas and LNG in energy system planning as a fast, flexible solution
13 February 2026
Panellists at LNG2026 say demand growth will hinge less on the level of global supply and more on the pace of downstream buildout, policy clarity and bankable market frameworks
