Nelp

Auction of small fields was a good entry point for new players, but they could not start production even five years after winning blocks because of delays in various clearances, lack of coordination between authorities, the oil price crash last year, inadequate handholding, and of course COVID-19.

Book Excerpt: The Next Stop | How is natural gas pricing done in India?

A new book edited by energy expert Vikram Singh Mehta looks at different aspects of natural gas use in India, including policy changes and reforms in pricing.

Adani Welspun finds gas in Mumbai Offshore's Tapti-Daman sector

The pay zones and flow rates encountered have exceeded the company’s initial estimates, a statement issued by AWEL said

Budget 2016: Refuelling India‘s energy growth

The NDA Government appears to be very keen on setting this story right which is evident from the efforts being made by the oil ministry towards stakeholder participation in policy formulation.

Cos set to lose tax gains; CBDT to end corp tax exemptions

This is in line with Finance Minister Arun Jaitley's proposal to phase out exemptions and bring the corporate tax rate lower to 25 percent in four years

Govt to auction 69 idle oil & gas fields ceded by ONGC, OIL

In a press briefing, Minister of State (with Independent charge) for Petroleum and Natural Gas Dharmendra Pradhan said the gas produced will be sold at prevailing market price and the government will also be introducing revenue sharing model for the first time in the oil sector.

India to auction oil and gas blocks in this fiscal

The next round of auction of oil and gas blocks under the New Exploration Licensing Policy (NELP) will be held by the end of 2015-16 fiscal, Petroleum and Natural Gas Minister Dharmendra Pradhan said on Friday.

Oil cos, govt may split LPG subsidy sharing 50:50

Sources say the PMO has already agreed to share the subsidy burden 50:50 and taking this forward, the oil ministry is now arguing that the same rationale should be applied for diesel and kerosene.

ONGC targets to start production by mid-2018 from KG-D5

ONGC is using cluster approach to bring oil and gas finds in the block KG-DWN-98/2 or KG-D5, which sits next to Reliance Industries' Bay of Bengal block KG-D6, to production by 2018-19, he told Lok Sabha in a written reply to a question.

Panel probing delay in ONGC KG basin gas find: Pradhan

While RIL began oil production from its KG-D6 block in September 2008 and gas output in April 2009, ONGC, which has made 11 oil and gas discoveries in KG-D5 block, still is at least four years away from first gas.

Oil Min to overhaul exploration policy: Pradhan

While the house is set in order, Pradhan wants India, which spent USD 143 billion to import crude oil last year, to diversify its purchases to guard against geopolitical risks in some of the world's biggest suppliers.

Effective exploration policy: Key to energy independence

Effective exploration policy: Key to energy independence

New DGH calls for more investor friendly environment

With India slated to become the third largest energy consumer in the world by 2020, the newly appointed DGH B N Talukdar has called for creating a more investment friendly environment to produce more oil and gas in the country.

NELP: 46 blocks on auction, area grabbed from RIL included

The blocks offered include some of the 9,000 sq km area in that Barmer block that Cairn had contractually relinquished, but is now seeking it back to connect the currently producing fields in the Rajasthan block.

Real chance of diesel deregulation in 2014: Essar Oil

In an interview with CNBC-TV18, Lalit Kumar Gupta, CEO of Essar Oil, spoke about a host of issues, including the possibility of complete diesel deregulation in 2014, the company‘s refining margins and its expansion plans.

RIL gas price hike will help industry more than co: ONGC

R S Sharma, former chairman, ONGC says the government‘s move is logical and practical, keeping in mind the fact that the case is was under arbitration and that retrospective recovery from consumers would've been a massive issue.

Boost for Cairn India?

Cairn India seems to be the front and the best contender for this additional 7000 sq kilometers area to carry out exploration in its Barmer fields.

10th round of oil and gas block auction likely in January

The Oil Ministry is looking at offering as many as 68 blocks or areas for exploration of oil and gas in the 10th round of New Exploration Licensing Policy (NELP). The round is likely to be announced at the Petrotech Conference.

Bidding shale gas blocks not yet viable: Delloitte India

The Cabinet Committee on Economic Affairs (CCEA) has approved the long-awaited shale gas and oil exploration policy to boost oil and gas production and cut imports. The plan is to unlock shale gas reserves.

MoEF gives nod to Oil India for exploration in KG basin

The ministry of environment and forests has accorded 'green signal' to Oil India Ltd's proposed exploration activities in KG ONN 2004/1 block in the Krishna-Godavari basin.

Cabinet Committee on Investment meeting on Jan 30

The first ever meeting of Cabinet Committee on Investment is likely to take place on January 30. It seems that the committee may discuss clearances for exploration & production in New Exploration Licensing Policy (NELP) blocks, reports CNBC-TV18 quoting sources.

Cabinet Committee in action mode to clear big investments

The Cabinet Committee on Investments, headed by the PM, will meet around January 15. Investments in oil sector worth USD 13.5 billion that are stuck for want of clearances is top on the agenda, reports Nayantara Rai of CNBC-TV18.

Subsidies needs to be further rationalised: Moily

After taking over as Petroleum Minister, Veerappa Moily had promised to take one decision everyday. Moily says he has delivered his promise. For that reason when the newly constituted Cabinet Committee of Investment meets for the first time, it will be considering proposals from the oil sector, reports CNBC-TV18's Nayantara Rai.

BG bets big on India

BG, that recently sold its stake in Gujarat Gas, says it is extremely bullish on India's offshore blocks. It believes these blocks hold nearly 50 billion barrels of reserves.

'Oil block auction launch after exploration policy revamp'

The government plans to launch the 10th edition of oil and gas block auction after a thorough revamp of existing exploration policy to make it more investor friendly, Oil Minister S Jaipal Reddy said today.