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OILFIELD DEVELOPMENT REGULATIONS
‘It’s not like a lockdown is going to take place tomorrow’: Puri dismisses fears after PM Modi’s fuel-saving pushUnion Minister Hardeep Singh Puri reassured citizens that no lockdown-like restrictions are imminent despite Prime Minister Modi's call for...- Explorations in India is now "easier, faster, and more profitable than ever before": Hardeep PuriHardeep Puri highlighted policy reforms to boost oil and gas exploration. These reforms aim to ease business for operators. Amendments to t...
- Compensation for oil companies if changes in law shave off $5 mn in earnings a yearThe government is set to protect oil and gas explorers. New contracts will compensate them if laws reduce economic benefits. Adjustments to...
- No windfall tax on oil & gas companies after new law kicks in: Hardeep PuriThe new oilfield development bill passed by the Lok Sabha will prevent the imposition of windfall tax on oil and gas producers, stated petr...
- Oilfields bill an important legislation: PM ModiPrime Minister Narendra Modi lauded the Oilfields (Regulation and Development) Amendment Bill, 2024, passed in the Rajya Sabha, as crucial ...
- Jaishankar to brief Parliament on India-China relations on MondayExternal Affairs Minister S Jaishankar is set to address the Lok Sabha on Monday about recent developments in India's relations with China ...
- ET Graphics | Govt likely to pass 16 key Economic Bills in Winter Session; Focus on banking, shipping, moreThe government aims to pass 16 bills in the ongoing winter session of Parliament, with a significant emphasis on reforms in the banking, sh...
- 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...
- Bill to amend delinking petroleum operations from mining introduced in Rajya Sabha by Hardeep PuriThe salient features of the amendments proposed in the said Bill, introduced in the Upper House today, are delinking petroleum operations f...
- 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...
- Petroleum Min proposes changes in law to include hydrogen in mineral oilThe petroleum ministry has proposed amendments to existing law to include cleaner sources of energy like hydrogen within the definition of ...
- 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...
- Assam govt seeks suitable amendment of Oilfields (Regulation & Development) Act 1948The Chief Minister pointed out that Central PSUs namely OIL and ONGC engaged in production of petroleum in Assam waste away a considerable ...
- RIL-BP wins approval for drilling well in KG-D6 blockTogether with less than 5 mmsmcd of output from MA field, gas production from KG-D6 is around 16.5 mmsmcd.
- RIL fails to stick to commitment on KG-D6 field drillingReliance Industries has not kept its commitment on drilling wells on the prolific eastern offshore KG-D6 field that has seen drastic fall i...
- DGH asks RIL to fulfil well drilling commitment in KG-D6Production in the block is expected to go up to 86.92 mmscmd in 2013-14 and the output would start declining from 2018-19.
- ONGC in variance with government on royalty from Cairn fieldIn a move seen as an attempt to spoil Vedanta Resources' USD 9.6 bn acquisition of Cairn India, ONGC has demanded that the royalty it pays ...
- RIL's crude reservoirs not performing as per predictionsRIL has seen crude oil production falling by more than 31% from its MA oilfield in gas-rich KG-D6 block.
- Centre to notify new safety norms for oil explorationUnion petroleum and natural gas ministry is on course to notify the Petroleum and Natural Gas (safety in offshore operations) Rules, 2008, ...
- Centre to notify new safety norms for oil explorationGovt is on course to notify the Petroleum and Natural Gas Rules, 2008, to regulate safety in offshore oil and gas exploration, exploitation...
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