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PETROLEUM MINING LEASE
Incentives may be given for coal gasification: Minister for coal and mines G Kishan ReddyCoal gasification is an immediate substitute for some petroleum products and imported ammonia, Reddy said on the sidelines of an event to s...- ONGC makes four oil discoveries in Ashokenagar, awaits mining lease from Bengal govtONGC discovered oil near Asokenagar, West Bengal, six years ago and has made four additional discoveries since. However, development is sta...
- 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...
- Assam signs petroleum mining lease deed with HOEC, OIL and IOCJogen Mohan, Minister for Mines and Minerals assured that Assam Government would provide all possible support to HOEC, OIL, and IOCL in its...
- Assam government signs deal with Oil India for eight Petroleum mining lease blocksThe eight PML blocks are Dibrugarh, Dibrugarh Extn, Hugrijan Extn, Borhapjan, Borhat, Moran, Doom Dooma Extension and Mechaki Extension.
- 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...
- Indian oil firms need to bring in foreign players to unlock resources: Dharmendra PradhanIndia, the world's third biggest oil importer and consumer, depends on foreign purchases for over 80% of its oil needs. The nation's oil an...
- OIL makes hydrocarbon discovery at well Dinjan-1 in Tinsukia Petroleum Mining LeaseThis discovery will open up new areas for further oil & gas exploration in Assam and would help in enhancing the gas production with future...
- 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...
- Coal India awaits CCEA clearance to start extraction of CBMTo expedite gas production from coal seams, however, the government had earlier permitted Coal India to mine CBM through a notification.
- Oil India shares gain after making new hydrocarbon discoveriesBoth these discoveries will help in enhancing the oil and gas production with future appraisal.
- DGH, Joint Secy to be government nominees on oilfield oversight panelsThe so-called Management Committees will also have representatives of the companies or consortiums that won the rights to produce from the ...
- OIL gets green nod for Rs 220cr drilling project in JaisalmerThe company received the green nod for development drilling of 20 wells in Baghewala mining lease block in Jaisalmer district.
- 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...
- Government notifies norms for National Mineral Exploration TrustThe government has notified the setting up of NMET, which will look into the ways to encourage exploration of mines and minerals in the cou...
- Cabinet Committee on Investment pushes projects worth Rs 74,000 crore hit by delaysThe govt in the past two months has given nod to projects worth Rs 74,000 cr which were stuck for years due to lack of various clearances.
- Companies delaying development of mines may attract penaltyGovt proposes to introduce new regulations for mining operations to penalise companies delaying development of mines by levying higher rent...
- Idle mines may attract penaltyThe government proposes to introduce new regulations for mining operations to penalise companies delaying development of mines by levying h...
- Govt may allow competitive bidding for mining leasesForeign mining companies, which have been waiting in the wings for some policy clarity before pumping investments into India.
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