Jun 11, 2021 07:06 PM IST
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.
- Apr 14, 2021 03:01 PM IST
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.
- Mar 15, 2021 11:55 AM IST
The pay zones and flow rates encountered have exceeded the company’s initial estimates, a statement issued by AWEL said
- Feb 04, 2016 03:48 PM IST
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.
- Nov 20, 2015 05:12 PM IST
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
- Sep 02, 2015 01:00 PM IST
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.
- Jun 26, 2015 08:58 PM IST
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.
- Dec 04, 2014 03:55 PM IST
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.
- Dec 01, 2014 06:18 PM IST
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.
- Nov 25, 2014 06:37 PM IST
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.
- Oct 26, 2014 01:05 PM IST
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.
- Jul 11, 2014 01:17 PM IST
Effective exploration policy: Key to energy independence
- Feb 23, 2014 08:34 PM IST
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.
- Jan 12, 2014 10:18 PM IST
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.
- Dec 31, 2013 05:00 PM IST
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.
- Dec 19, 2013 10:12 PM IST
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.
- Nov 11, 2013 07:34 PM IST
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.
- Sep 26, 2013 03:52 PM IST
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.
- Sep 24, 2013 09:57 PM IST
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.
- May 14, 2013 05:41 PM IST
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.
- Jan 29, 2013 08:25 PM IST
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.
- Jan 07, 2013 08:59 PM IST
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.
- Jan 04, 2013 05:48 PM IST
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.
- Oct 15, 2012 09:43 PM IST
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.
- Oct 14, 2012 05:21 PM IST
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.