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PETROLEUM EXPLORATION PERMIT
New Zealand grants first offshore petroleum permit since reversing exploration banNew Zealand's government has issued its first offshore petroleum exploration permit. This action follows the reversal of a ban previously i...- How India can build a bigger oil buffer without straining the exchequerAs tensions around Iran and the Strait of Hormuz ease, India should focus not only on managing the immediate oil crisis but also on strengt...
- Bill in Parliament to bring policy stability in oil & gasIntroduced in Rajya Sabha, the Oilfields (Regulation and Development) Amendment Bill, 2024, aims to ensure policy stability for oil and gas...
- Oil exploration contracts not to be covered under IBC moratoriumThe Indian government has exempted bankrupt petroleum firms' mining leases, exploration licences and production and revenue-sharing contrac...
- Proposed change to forest law will boost oil explorationIndia's hydrocarbon exploration could be boosted by a proposal to amend the forest conservation law.The Forest (Conservation) Amendment Bil...
- Oilfield contractors may soon get 35-year consolidated leaseThe current rules permit grant of petroleum exploration licence (PEL) for seven years in on land and shallow water areas and for eight year...
- Definition of petroleum may include Shale tooThe oil ministry has sought public comments on including shale in the definition of petroleum in the next two weeks for the proposed amendm...
- DGH proposal to allow private oil companies explore producing fields rejectedThe recommendation by DGH, the technical arm of the ministry and upstream regulator, was debated for months in the oil ministry, with offic...
- Government to offer incentives to companies keen on developing oil and gas blocksThe govt will accept an expression of interest from investors in two six-monthly windows-- ending in June and Dec -- following which the in...
- US gives conditional nod to Royal dutch Shell for oil and gas drilling in Arctic OceanThe decision, however, is a blow to environmentalists who for years have demanded that the administration reject offshore Arctic drilling p...
- ONGC Videsh Ltd wins oil block in New ZealandOVL won an offshore exploration permit in the Taranaki Basin, in the same region as several commercially successful oil and gas fields.
- HPCL to acquire two gas fields in AustraliaPrize Petroleum, the upstream arm of HPCL has signed an agreement with Australian exploration firm AWE to acquire minority stakes in two ga...
- Shale oil and gas exploration policy is ready: Petroleum SecretaryThe petroleum ministry has finalized a shale oil and gas exploration policy, which will be tabled before the cabinet after the oil minister...
- DGH caveats for allowing drilling in exploration areaDGH has added more caveats to the decision to allow companies like Reliance and Cairn India to explore oil and gas within producing fields.
- OilMin nod for drilling in exploration areaThe Ministry, which had been sitting on the proposal, issued formal orders a few days ago permiting exploration.
- HPCL, partners to divest 40 per cent stake in gas blockHindustan Petroleum Corp and its partners will divest 40 per cent of their stake in a gas-bearing block in offshore Australia to US-based A...
- S'pore petro to drill off China coastSingapore Petroleum, 45% owned by the world’s biggest maker of drilling rigs, will explore oil and gas with China National Offshore Oil in ...
- Govt rejects ONGC’s tie-up plans with BG, BPThe petroleum ministry has rejected ONGC’s proposals for strategic tie-ups with British Gas (BG) and British Petroleum (BP) in the three KG...
- RIL may have to give up 25% of D-6 blockIn what could be termed as a major setback for Reliance, which is developing India’s first deepwater gas, the company may have to relinquis...
- Austro-Indian group bags Timor Sea oil blockAustralia’s Oilex NL-led consortium, including Videocon Industries as well as Bharat Petroleum (BPCL) and Gujarat State Petroleum Corporati...
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