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CURRENT AFFAIRS FOR PSC
ONGC to begin oil production from Ratna R-Series field in 2019The Ratna and R-series oil fields hold an estimated 87 million barrels of oil and 1.2 billion cubic metres of gas reserves.05 Dec, 2016, 01.36 PM IST- Government approves licence extension for 28 oil and gas fieldsProduction sharing contracts for as many as 28 fields, including western offshore Panna/Mukta and Tapti oil and gas fields operated by BG G...10 Mar, 2016, 12.48 PM IST
- Cabinet returns Ratna and R-series gas fields to ONGCThe Ratna and R-series oil fields, 130-km off the Mumbai coast, hold an estimated 87 million barrels of oil and 1.2 billion cubic metres of...10 Mar, 2016, 12.24 PM IST
- Government nods royalty payment to states on crude oil productionGovt agreed to pay states like Gujarat & Assam, from its annual budget, the difference between royalty paid by operators of some oil fields...26 Aug, 2015, 09.30 PM IST
- Government to auction 69 small, marginal oil fields: Oil minister Dharmendra PradhanAs many as 63 discovered oil and gas fields are being surrendered by state-owned ONGC as they were found to be uneconomic for a large firm ...12 Jan, 2015, 11.28 AM IST
- Oil Ministry to move Cabinet to allow RIL to retain gas findsThe Oil Min is seeking Cabinet nod to allow RIL to retain three gas discoveries in the eastern offshore KG-D6 block even after expiry of ti...16 Jul, 2014, 11.22 AM IST
- RIL to charge KG-D6 gas consumers on revised terms from AprilReliance Industries today said it will from next month charge consumers of its KG-D6 gas on changed terms.24 Mar, 2014, 09.20 PM IST
- Tax holiday, royalty exemption proposed for oil block auctionAn Oil Ministry official said it proposed to incentivise exploration by exempting royalty payment on offshore oil and gas production.14 Jan, 2014, 01.19 PM IST
- Premier Oil threatens legal action if Ratna contract cancelledThe Ratna-R series of fields was awarded in February 1996 to Essar-Premier consortium through an open international bidding process.01 Sep, 2013, 01.11 PM IST
- Oil Ministry proposes gas price hike to $6.7Oil Ministry has moved a Cabinet note to raise the price of natural gas produced by state-owned ONGC and OIL as well as private firms like ...20 May, 2013, 03.48 PM IST
- Oil Ministry may take gas pricing issue to CCEA or EGoMThe Oil Ministry may take the Rangarajan panel recommendation of mandating a price of about $ 8-8.5 for natural gas, produced by companies ...15 Jan, 2013, 06.27 PM IST
- Anil Agarwal seeks Moily's intervention so Cairn can explore oilM Veerappa Moily, who took over as the Oil Minister on October 29, promised to look into the matter "for an early resolution.15 Nov, 2012, 04.19 PM IST
- Foreign players' wait for a pie of Indian market continuesThe Parliamentary Standing Committee on Consumer Affairs, which feels the time is not yet ripe for foreign players' presence.13 Jan, 2012, 10.16 AM IST
- ONGC won't pay royalty to Cairn unless it’s cost recoverable: VasudevaA clause in the production sharing contract makes it clear that royalty costs can be recovered from the field’s revenue, says ONGC offshore...04 Apr, 2011, 06.06 AM IST
- Petromin may ask Essar to pay more cess, royalty on Ratna oilThe petroleum ministry is likely to ask Essar Oil to pay more cess and royalty on its oil and gas production from Ratna & R-series blocks i...10 Feb, 2009, 12.07 AM IST
- Govt to ask Essar oil to pay more cessThe petroleum ministry may ask Essar Oil to pay more cess and royalty for allowing it to produce oil and gas from Ratna & R-series, fearing...04 Feb, 2009, 09.06 PM IST
- GoM may decide Ratna oil field fateThe government may constitute a group of ministers (GoM) to decide its fate even as the negotiating team of secretaries (NTS) has recommend...17 Jul, 2008, 03.45 AM IST
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