Message Ven 11 Nov 2011 16:24

Anil trop fort

Cairn India ranks the world fastest growing oil and gas exploration firm - Platts
Tuesday 08 Nov, 2011Cairn India has been ranked the fastest growing oil and gas exploration firm in the world, even as heavyweights like ONGC and Reliance Industries slipped in a list of top performing energy firms globally.

With a three year compounded growth rate of 116.5%, Cairn was ranked by energy information provider Platts as the fastest growing E&P company in 2010.

It was also named the fastest growing Asian company ahead of Reliance (ranked 18th in Asia) and state owned GAIL India Ltd (ranked 20th) in the Platts Top 250 Global Energy Company Rankings.

Cairn made its maiden entry at 120th rank in the overall global energy company list, which was topped by US giant Exxon Mobil Corp. For the 2011 rankings, Platts ranked listed energy firms on the basis of their financial performance in 2010.

State owned Oil and Natural Gas Corp which was in 2010 ranked 18th in the list of the 250 top global energy firms, slipped to 21st position in the 2011 rankings. Reliance settled at 24th position in the 2011 list, down from 13th rank in the 2010 Platts Ranking.

Refiner Indian Oil gained 36 positions to 42nd place in this year's list. Coal India entered the list at 51st position, while power producer NTPC slipped to 58th rank from 52nd position in 2010.

GAIL was ranked 109th in the 2011 list, down from 107th position in the previous year. State refiner Hindustan Petroleum Corp Ltd rose from 174th rank in 2010 to 142nd in 2011, while Bharat Petroleum Corp Ltd settled at 143rd position, down from 94th in 2010.

Other Indian firms in the top 250 list include TATA Power (190), Powergrid Corp of India (201), NHPC (216) and Reliance Infrastructure (232).

Platts' Top 250 Global Energy Company Rankings rating the world's leading oil and gas, power and coal firms measured companies' financial performance using four key metrics: asset worth, revenues, profits and returns on invested capital.

The global list was topped by Exxon Mobil Corp, while Chevron Corp moved up from ninth place in 2009 to second place as it boosted its return on invested capital to 16% from 10.2% in the previous year.

(Sourced from ET)