Exploration

The new rules talk about mining beach sand minerals, primarily composed of monazite, ilmenite, rutile, zircon, garnet and sillimanite. Monazite is a valuable resource due to its high concentration of thorium and traces of uranium.

Critical minerals central to India-Australia partnership, defence in focus too: Austrade commissioner

Defence and aerospace are other new areas where Australia is interested in collaborating with India, Australia’s trade and investment commissioner Nathan Davis told Moneycontrol.

ONGC seeks foreign partnership to ramp up output from KG block

State-run Oil and Natural Gas Corporation (ONGC) is currently producing 35,000 barrels per day (bpd) of crude oil from its deep-water block in Krishna Godavari block, lower than peak targets of 45,000 bpd. The company is now looking for technical partners to boost output.

ONGC bags maximum blocks under OALP-IX; Vedanta, Oil India big winners

Under the OALP-IX round, the government had offered a total of 28 blocks, covering 1.37 lakh sq km area. Among the blocks offered, nine were onland blocks, eight were shallow water blocks and 11 were ultra-deep water blocks.

Deep Dive: Oil India seeks foreign collaboration for deepwater exploration, says CMD

The approval of the Oilfields (Regulation and Development) Amendment Bill, 2024—aimed at facilitating investments in the country’s oil and gas exploration projects—would be an enabler for IOCs to look at India as an exploration destination, said chairman and managing director Ranjit Rath.

'Bat-eating crocodiles': Orange dwarf cave crocs begin mutating into a new species

Deep within Gabon's Abanda Caves, a remarkable discovery has been made - a unique population of cave crocodiles, adapted to life in complete darkness.

Clue to Everest mystery discovered: Remains of climber Andrew Irvine, who vanished in 1924, found 100 years later

National Geographic team discovers remains believed to be Andrew 'Sandy' Irvine, solving a century-old Mount Everest mystery. Did Irvine and Mallory reach the summit before falling?

Discovery of underground cave system on moon, can be established as a lunar base for astronauts

Researchers have newly found an underground cave system on the moon, that could be established as the lunar base for the astronauts visiting the moon during future missions.

Exploration and production to unleash $100-bn investment opportunity by 2030: Oil minister Puri

The minister also highlighted that, as of now, 10 percent of the country’s sedimentary blocks are under exploration. Following the completion of the 10th Open Acreage Licensing Program (OALP) round, 16 percent would come under exploration, Puri said

Partial reimbursement of exploration expenses: Who are the beneficiaries and what are the implications? MC explains

The move is expected to benefit private exploration agencies involved in the search for critical and deep-seated minerals.

Karnataka, Rajasthan launch auction for exploration license for critical, deep seated minerals

So far, the nines ministry has handed over 20 blocks to states with consisting of minerals Tin, Tungsten, Rare Earth Elements, Vanadium, Diamond, Copper, Zinc, Lithium, PGE, Potash and Zirconium.

Exclusive: Exploration for vanadium, crucial for EV battery, to start soon in Gujarat

The mining of the metal may advance India's efforts to ensure raw materials security as it forays into EV supply chain amid decarbonization goals. Vanadium is among the 30 minerals identified as 'critical' by the Indian government.

ONGC plans to ‘aggressively’ bid for oil blocks: Director-Exploration

The government opened 28 blocks in the ninth OALP round for international competitive bidding on January 3. The blocks are spread across eight sedimentary basins – nine on-land, eight shallow water and 11 ultra-deep-water.

Exclusive: ONGC to finalise location for wells in Andamans by May-end

ONGC initially plans to drill three wells and expects drilling to commence by the end of 2024. The company has begun hiring floaters and rigs for exploration activities

As government pushes mining reforms, miners and explorers worry about gaps in execution

While industry has welcomed the move, there are concerns over getting clearances, funding and lack of expertise

BPCL to spend Rs 1.5 lakh crore as capex in next 5 years, says chairman

As part of 'Project Aspire', BPCL will grow its oil business and expand its renewable energy portfolio as it aims for a 2040 net-zero goal, G Krishnakumar said at its 70th annual general meeting

CIL’s capex grows 8.5% to Rs 4,700 crore in April-July of FY24

Land was the major expenditure head at Rs 1,311 crore, accounting for 28 percent of the total capex spend in the April-July period.

Union Cabinet approves continuation of its ‘Exploration of Coal and Lignite Scheme’

Approximately, 1300 sq. km area will be covered under regional exploration and nearly 650 sq. km area will be covered under detailed exploration.

Eighth oil exploration round sees muted participation from private players amid green economy push

The uncertainty around the outlook for crude oil and natural gas prices is one of the major factors responsible for this lacklustre response.

James Cameron: Filmmaker extraordinaire or intrepid explorer?

Cameron holds the record for the deepest a human being has ever dived in the ocean; with 'Avatar: The Way of Water', he hopes to inspire the next generation of discoverers by introducing viewers to the wonders of the ocean.

Why the government is wrong in asking ONGC to cede Mumbai High's oil fields 

There is only one reason ONGC is on its knees, and it is government interference in every aspect of the company’s operations. 

Hindustan Oil Exploration Company – stellar Q3, performance to improve

The Assam block is now contributing significantly towards revenues and profitability and the company plans to improve volumes rapidly.

Here are some top trading ideas by SP Tulsian

In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy and Anuj Singhal, SP Tulsian of sptulsian.com shared his reading and outlook on the market and also gave recommendations on various stocks.

DGH reviews poor bidding response to oil & gas fields: Sources

India's first oil and gas fields' auction in over 4 years is in deep trouble. CNBC-TV18 reports initial bidding has not met government expectations despite several exploration incentives and market-linked pricing, forcing an extension in auction deadline.

Govt incentivises mining exploration, engages SBI caps

To make exploration more attractive for private players, the mining ministry has decided to incentivise exploration and has engaged SBI Caps for empanelment of private players for the activity.