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
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
