India’s Vedanta Resources (VDNRF.PK) wants U.S. oilfield services companies to set up consortia to help develop the 41 blocks in India acquired this year by its Cairn Oil & Gas unit, the company’s chairman said on Thursday.
Vedanta Chairman Anil Agarwal and Cairn Chief Executive Sudhir Mathur met with executives from 70 services companies this week in Houston to encourage the firms to organise consortia to compete for contracts, Agarwal said in a briefing.
“They’re very encouraged by the 41 blocks and they’re looking to work together,” Agarwal said. Read More
Latest posts by Reuters (see all)
- India’s Power Finance not to extend open offer to REC’s minority holders - February 18, 2019
- India plans over $12 billion in power plant, EV incentives to cut pollution - February 15, 2019
- India’s oil imports from Iran plunged 45 percent in January - February 15, 2019