The regional committee's recommendations stressed that exploration activities must adhere to safety protocols outlined in a parliamentary report on petroleum and natural gas, which followed the Baghjan oil and gas leak disaster of May 2020.
Cairn Oil & Gas has submitted a field development plan to produce more than 2,000 barrels of barrels of oil equivalent per day from its Jaya block
The USD 8.48-billion Cairn-Vedanta deal may have concluded and all government pre-conditions met, but the Oil Ministry has approached the Cabinet again for a fresh approval in view of the Home Ministry pointing to the alleged global and domestic "transgressions" by Vedanta group.
ONGC sources have indicated that they may take up the no objection certificate (NOC) for Cairn-Vedanta on September 27 which is when the regular board meet is scheduled. The results of the postal ballot will be out tomorrow, reports CNBC-TV18's Nayantara Rai.
On the latest episode of CNBC-TV18's India Tonight, Karan Thapar catches up with Cabinet Minister of Commerce and Industry, Anand Sharma. He quizzes the Rajya Sabha MP from Congress on his expectations of foreign inflows into India and the policy overhang in foreign direct investment space.
PK Mukherjee, MD of Sesa Goa, in an interview with Udayan Mukherjee and Mitali Mukherjee, spoke about the latest happenings in his company and gave his outlook for the company going forward.
SP Tulsian of sptulsian.com, in an interview on CNBC-TV18 gave his view on the whole Cairn-Vedanta issue being referred to a GoM headed by finance minister Pranab Mukherjee.
The much-awaited FPO of state-run explorer ONGC may have caught in another logjam. In an interview to CNBC-TV18, AK Hazarika, Chairman of the company said that FPO is unlikely to be launched in the first week of April.
In the cabinet note prepared by the oil ministry pertaining to the USD 9.6 billion Cairn-Vedanta deal, some of the earlier 11 pre-conditions have been watered down. And, this is a result of the law ministry saying clauses such as Cairn foregoing its future legal rights to future arbitration are not tenable.
Furthering the USD 9.6 billion Cairn-Vedanta deal saga, CNBC-TV18's Nayantara Rai learns that Vedanta has told the oil ministry that it would be neither possible nor appropriate for it to agree to the proposals put forth by the government to go through.