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OILFIELDS REGULATION ACT
‘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...- India Inc flags GST hike on capital goods, warns of impact on oil & fuel independenceFICCI has expressed concerns to the Oil Minister regarding the recent GST hike on capital goods for the oil, gas, and CBM sectors. They arg...
- 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...
- Govt to hold pre-emption right over oil, gas in national emergency: Draft rulesThe Indian government will possess pre-emption rights over all domestically produced oil and natural gas during national emergencies, ensur...
- 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...
- Oilfields regulation act update to boost production: PM ModiPrime Minister Narendra Modi stated that amendments to the Oilfields Regulation & Development Act will provide policy stability, extended l...
- How ORDA amend can help India become atma nirbhar in energy needsIndia is working towards energy independence. The nation is heavily reliant on oil imports. The government is introducing reforms to boost ...
- Rajya Sabha passes bill to amend oilfields ActThe Rajya Sabha passes a bill amending the Oilfields Act of 1948, offering policy stability, international arbitration, and extended leases...
- 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 ...
- FM Nirmala Sitharaman to move Banking Laws (Amendment) Bill in Lok Sabha tomorrowUnion Finance Minister Nirmala Sitharaman is set to move the Banking Laws (Amendment) Bill, 2024, in Lok Sabha, targeting amendments to maj...
- Changed oil market may help India extract better deals from suppliersIndia's fuel consumption is rising while global demand weakens, affecting next year's crude purchase negotiations. The govt plans to pass b...
- 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 ...
- 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 ...
- 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...
- Govt postpones bidding date for 57 oil & gas blocksThe government has again postponed the last date for bidding for 57 oil and gas blocks on offer under the seventh round of New Exploration ...
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