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Cairn Energy And Government Of India Dispute
The Cairn Energy and Government of India dispute is mainly an ongoing tax and investment dispute which has its origins in 2005–2006. The case is closely linked to Cairn's partner in India, ''Vedanta'', and to concepts such ''Ex post facto'' law in the form of retrospective taxation, bilateral investment treaties, and international arbitration between private and sovereign states. Proceedings in the ''private'' investor-state arbitration (''Cairn Energy PLC & Cairn UK Holdings Limited v. The Republic of India'') at the Permanent Court of Arbitration in The Hague began on 22 September 2015 under United Nations Commission on International Trade Law (UNCITRAL) rules. The final arbitration award of was issued on 21 December 2020 in favour of Cairn; though compensation claimed by Cairn had been . To enforce the arbitration award, Cairn has registered the award around the world including in countries such as United States, United Kingdom, Canada, France, Singapore, Mauritius, UAE, ...
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Cairn Energy
Capricorn Energy PLC (previously Cairn Energy PLC) is a British oil and gas exploration and development company and is listed on the London Stock Exchange. Capricorn has discovered and extracted oil and gas in a variety of locations around the world. Capricorn Energy has a primary listing on the London Stock Exchange and is a constituent of the FTSE 250 Index. History The company was founded in 1981 by Sir Bill Gammell, the former international Rugby player, his father James (Jimmy), his brother Pete and others, as Cairn Energy. Its initial operations were in the USA and, following its listing on the London Stock Exchange in 1988, it expanded into the UK North Sea and internationally (Papua New Guinea, Spain, Vietnam, China and Australia). The company acquired Conoco's UK onshore acreage in 1988 and became one of the largest operators of UK onshore oil production with the Palmers Wood oil field just south of London, near Junction 6 of the M25, and at Humbly Grove (near Basin ...
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Vodafone
Vodafone Group Public limited company, plc () is a British Multinational corporation, multinational Telephone company, telecommunications company. Its registered office and Headquarters, global headquarters are in Newbury, Berkshire, England. It predominantly operates Service (economics), services in Asia, Africa, Europe, and Oceania. , Vodafone owns and operates networks in 22 countries, with partner networks in 48 further countries. Its Vodafone Global Enterprise division provides telecommunications and IT services to corporate clients in 150 countries. Vodafone has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. The company has a secondary listing on Nasdaq. Name The name Vodafone comes from ''VO''ice ''DA''ta ''FONE'' (the latter a sensational spelling of "telephone, phone"), chosen by the company to "reflect the provision of voice and data services over mobile phones". History The evolution of Vodafone started in 1981 with the es ...
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United Progressive Alliance
United Progressive Alliance (UPA) is a centre-left political alliance of predominantly left-leaning political parties in India. It was formed after the 2004 general election with support from left-leaning political parties when no single party got the majority. UPA ruled India from 2004 till 2014. The largest party in UPA is Indian National Congress (INC). History 2004–2008 UPA was formed soon after the 2004 general elections when no party had won a majority. The then ruling Bharatiya Janata Party-led National Democratic Alliance (NDA) won 181 seats of 544, as opposed to the UPA's tally of 218 seats. The Left Front with 59 MPs (excluding the speaker of the Lok Sabha), the Samajwadi Party with 39 MPs and the Bahujan Samaj Party with 19 MPs were other significant blocks that supported UPA at various times. UPA did not achieve a majority, rather it relied on external support, similar to the formula adopted by the previous minority governments of the United Front, the NDA ...
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Pranab Mukherjee 2018
Pranab is an Indian name, common among Assamese, Bengalis, Odias and Nepalis. Notable people with the name include: * Pranab Bardhan (born 1939), Indian economist * Pranab Mukherjee (1935–2020), Indian politician * Pranab Roy Pranab Roy (born 10 February 1963) is a former Indian cricketer who played two Test matches for India. Early life He received his early education at Rama Chandra School in Kolkata. His father Pankaj Roy taught him cricket when he was 5 yea ... (born 1963), Indian cricketer {{given name Indian masculine given names ...
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Manmohan Singh
Manmohan Singh (; born 26 September 1932) is an Indian politician, economist and statesman who served as the 13th prime minister of India from 2004 to 2014. He is also the third longest-serving prime minister after Jawaharlal Nehru and Indira Gandhi. A member of the Indian National Congress, Singh was the first Sikh prime minister of India. He was also the first prime minister since Jawaharlal Nehru to be re-elected after completing a full five-year term. Born in Gah, Pakistan, Gah, Punjab (region), West Punjab, in what is today Pakistan, Singh's family migrated to India during Partition of India, its partition in 1947. After obtaining his doctorate in economics from Nuffield College, Oxford, Oxford, Singh worked for the United Nations during 1966–1969. He subsequently began his bureaucratic career when Lalit Narayan Mishra hired him as an advisor in the Ministry of Commerce and Industry (India), Ministry of Commerce and Industry. During the 1970s and 1980s, Singh held seve ...
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PM Manmohan Singh Addressing At The Dedication Ceremony Of The Mangala Oil Field To The Nation, At Barmer, In Rajasthan On August 29, 2009
PM or pm (also written P.M. or p.m.) is an abbreviation for Latin ''post meridiem'', meaning "after midday" in the 12-hour clock. PM or Pm or pm may also refer to: Arts and entertainment *Palm mute, a guitar playing technique * ''PM'' (Australian radio program) * ''PM'' (BBC Radio 4), UK *''PM Magazine'', an American TV news program (1976–1991). * ''PM'' (newspaper), US (1940–1948) *PM Press, an American publishing company *Project Mayhem, a “fictional conspiracy” created in the Chuck Palahniuk 1996 novel Fight Club and 1999 movie of the same name * PM a rock band featuring british drummer Carl Palmer. Business and economics Businesses *P.M. Place Stores, a former US chain of discount stores *Pere Marquette Railway, North America 1900–1947, reporting mark *Philip Morris International, a tobacco company Terminology *Performance management of an organisation *Portfolio manager *Preventive maintenance *Project manager *Product manager Government *Prime minister *Políci ...
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Bombay Stock Exchange
BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange. It is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand, a Jain businessman, it is the oldest stock exchange in Asia, and also the tenth oldest in the world. The BSE is the 8th largest stock exchange with an overall market capitalisation in the world with more than ₹276.713 lakh crore, as of January 2022. Unlike countries like the United States where nearly 70% of the country's GDP is derived from large companies in the corporate sector like Apple and Tesla, the corporate sector in India accounts for only 12–14% of the national GDP (as of October 2016). Of these only 7,400 companies are listed of which only 4000 trade on the stock exchanges at BSE and NSE. Hence the stocks trading at the BSE and NSE account for only around 4% of the Indian economy, which derives most of its income-related activity from the unorganized sector and household spe ...
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Jersey Company
Jersey ( , ; nrf, Jèrri, label=Jèrriais ), officially the Bailiwick of Jersey (french: Bailliage de Jersey, links=no; Jèrriais: ), is an island country and self-governing Crown Dependency near the coast of north-west France. It is the largest of the Channel Islands and is from the Cotentin Peninsula in Normandy. The Bailiwick consists of the main island of Jersey and some surrounding uninhabited islands and rocks including Les Dirouilles, Les Écréhous, Les Minquiers, and Les Pierres de Lecq. Jersey was part of the Duchy of Normandy, whose dukes became kings of England from 1066. After Normandy was lost by the kings of England in the 13th century, and the ducal title surrendered to France, Jersey remained loyal to the English Crown, though it never became part of the Kingdom of England. Jersey is a self-governing parliamentary democracy under a constitutional monarchy, with its own financial, legal and judicial systems, and the power of self-determination. The island ...
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Cairn India
Cairn India was an Indian oil and gas exploration and production company, headquartered in Gurgaon, India. The company was merged with Vedanta Limited. History In early 1999, Cairn made the first Rajasthan discovery – Guda field, followed by Saraswati in 2001. Mangala was their biggest discovery in 2003, followed by Raageshwari, Bhagyam, Aishwariya, Kaameshwari and GR-F fields in Rajasthan. In 2003, Cairn acquired 100% of the exploration interest and took over as the operator of the block. Ravva block in eastern coast of India was the first offshore oil and gas field to be developed, followed by the Lakshmi gas field in western India, which was discovered in 2000 and commenced production in 2002. In January 2004, Cairn India added the Mangala oil field in Rajasthan to its assets and this, along with, the other discoveries in Rajasthan. In 2007, Cairn India was listed on the National Stock Exchanges and as on date has a market capitalisation of ~$14 billion and amongst th ...
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Mangala Area
The Mangala Area, located in Block RJ-ON-90-1 (the ''Rajasthan Block''), is a major oil field located in the Indian State of Rajasthan. The Mangala area consists of over 16 separate oil and gas fields of which the majority of the reserves are located in the three fields of Mangala, Bhagyam and Aishwariya. The Mangala Area sits in Barmer Basin and is thought to contain oil in place volumes of , of which are thought to be recoverable. Cairn India is the operator of the field, a subsidiary of Vedanta Group. Field participation history Royal Dutch Shell won the licensing round for Block RJ-ON-90-1 in 1992 from the Indian Government, entering into a Production Sharing Contract (PSC) with them. In 1998, Royal Dutch Shell sunk a well in the area and put a logging tool probe (which detects hydrocarbons) down the bore. However, the electronic readings came up negative. A worker for Cairn Energy at the site (which then held a 10% stake in the leasehold) noticed that the probe was actu ...
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Ravva Oil Field
The Ravva oil field in the Krishna Godavari Basin is located in coastal Andhra Pradesh. Ownership The field is operated by Cairn India with a 22.5% stake. Its partners in the field are ONGC (40%), Videocon Petroleum (25%) and Ravva Oil (12.5%) Development and production The oil field was developed in partnership with Cairn India, ONGC, Videocon Videocon Industries Limited is an Indian multinational conglomerate, headquartered in Mumbai. The group had 17 manufacturing sites in India and plants in Mainland China, Poland, Italy and Mexico. It was the third largest picture tube manufact ... and Ravva Oil Singapore Private Limited, under a 25-year production sharing contract (PSC) that expired in 2019. There are eight unmanned Offshore platforms and sub-sea pipelines are being operated. The crude oil produced from the Ravva field is transferred to the Ravva onshore terminal via four pipelines. Processing takes place at a 225-acre facility at Surasani Yanam. The onshore stor ...
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Cairn Energy PLC Logo
A cairn is a man-made pile (or stack) of stones raised for a purpose, usually as a marker or as a burial mound. The word ''cairn'' comes from the gd, càrn (plural ). Cairns have been and are used for a broad variety of purposes. In prehistoric times, they were raised as markers, as memorials and as burial monuments (some of which contained chambers). In modern times, cairns are often raised as landmarks, especially to mark the summits of mountains. Cairns are also used as trail markers. They vary in size from small stone markers to entire artificial hills, and in complexity from loose conical rock piles to elaborate megalithic structures. Cairns may be painted or otherwise decorated, whether for increased visibility or for religious reasons. A variant is the inuksuk (plural inuksuit), used by the Inuit and other peoples of the Arctic region of North America. History Europe The building of cairns for various purposes goes back into prehistory in Eurasia, ranging in ...
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