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CBM POLICY
Reliance warns of a volatile oil market in FY27, bets on gas and green chemicals for growthIn the upcoming financial year FY26-27, Reliance Industries Limited is preparing for a potential slump in global oil demand, driven by high...- Reliance, Essar top bidders for coal-based methane gas exploration blocksThe bidding frenzy for coal-bed methane blocks heats up as Reliance Industries and the Essar Group step into the ring. The Directorate Gene...
- RIL draws government ire by monopolising sale of its own CBMRIL insists it has won the gas after transparent bidding, Oil ministry could decide to opt for arbitration.
- Probe finds RIL flouted CBM auction policyReliance had earlier said that the company won in an open, transparent auction conducted by CRISIL.
- Essar sells Raniganj CBM block to GAIL using Reliance formulaOil producing firm EOGEPL has reportedly invested Rs 4,000 crore in the block so far. It has 348 completed CBM wells and a robust gas & wat...
- RIL prima-facie not complied with CBM policy norm: Oil MinistryRIL said it has abided by CBM pricing policy’s stated objective of discovering the best possible price that maximises state revenue and roy...
- Government nod to National Health Policy, free pricing for coal bed methane & 2% dearness allowanceOf the 33 CBM blocks awarded to companies at various times, four are currently producing a total volume of about 1.17 million standard cubi...
- Oil Ministry moves Cabinet to get RIL, ONGC pricing freedomOil Ministry has proposed to the Cabinet that coal-bed methane (CBM) gas producers be given pricing freedom and allowed to price the fuel a...
- Govt mulls new pricing formula for coal-bed methaneThe government is looking at a new pricing regime for coal-bed methane to help monetise the clean energy source lying below coal seams.
- Govt permits CIL to explore natural gas in coal seamsThe Ministry of Petroleum and Natural Gas in a November 3 order said Coal India and its subsidiaries will be allowed to explore coal-bed me...
- Coal: Oil Ministry to move Cabinet to allow private firm in CBM miningThe government had last year allowed only CIL, the world's largest coal miner, to explore and produce coal-bed methane in its existing coal...
- Cabinet may allow CIL to produce gas from coal seamsThe Cabinet may this week allow state-owned miner Coal India Ltd to produce natural gas from coal seams (CBM) in its existing coal mines.
- Private oil & gas companies like Cairn India, Reliance Industries, BP and others may get nod to explore shale resources soonThe government also plans to extend, albeit with a few stringent conditions, the recently approved shale exploration policy which allows on...
- New coal-bed methane policy to be unveiled shortlyThe government has bid out 33 CBM blocks to companies like Oil and Natural Gas Corp (ONGC) and Great Eastern Energy Corp Ltd (GEECL).
- Government plans to allow Coal India to produce CBM without bidding: OfficialsThe government wants to harness the gas trapped in coal seams in blocks already allotted to state miners for producing coal, officials said.
- Essar Oil to invite fresh bids for Raniganj CBMThe move is to ensure there is no ambiguity going forward as to whether the prices received during the price discovery process are fully at...
- Oil regulator DGH rejects Reliance Industries' CBM gas priceSources said the DGH reply was in response to the clarification sought by the ministry on June 13, a day after senior bureaucrat Choubey to...
- No end to Coal bed methane gas pricing troubles, Essar oil too cries foulCBM is turning out to be the next flashpoint between the govt and private sector energy cos as Essar Oil plans to seek flexibility in prici...
- Essar to produce methane from Mehsana oil fieldsEssar Oil seems to be twice lucky. Close on the heels of a fresh oil find in the discovered Mehsana oil fields, the company has encountered...
- Govt to vet RNRL's 20% sale in methane blockThis is in accordance with the requirements of the production-sharing contract (PSC) to which the government is a signatory.
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