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EXPLORATION LICENCE REGIME
Coal stock adequate for 90 days available: Union Coal Minister Kishan ReddyIndia now holds over 200 million tonnes of coal, enough for 90 days, a significant increase from previous stock levels. The nation achieved...- Resilient supply chains key to strategic security amid critical minerals race: ReddyIn a bold stride towards self-sufficiency, India is ramping up its mineral exploration initiatives. This strategy not only aims to diminish...
- Centre offers 11 deep-seated mineral blocks for explorationIndia's Exploration Licence regime was introduced under the MMDR Amendment Act, 2023, along with the Mineral (Auction) Amendment Rules, 202...
- UK government allows some new oil, gas fields, but holds firm on taxesBritain will permit new oil and gas extraction linked to current fields. Windfall taxes on producers will continue until 2030. A new tax me...
- ONGC directed to take charge of Vedanta oil blockThe govt has directed ONGC to take over operational control of an oil and gas block from Vedanta after rejecting its contract renewal reque...
- Govt stresses on potential of exploration licence regime in unlocking critical mineral reservesThe government is emphasizing the transformative potential of exploration licenses to unlock India's critical mineral reserves, encouraging...
- Plan to auction 20 critical mineral blocks under new licence regime in the worksThe central government plans to auction up to 20 critical mineral blocks for deeper exploration under a new license regime to improve the t...
- Critical mineral, offshore mineral blocks set for auction in 2024In a strategic move, India is set to auction critical and offshore mineral blocks, along with issuing exploration licenses in 2024, aiming ...
- Mining rules update to allow companies to explore a block and bid for itOnce approved, these changes in mining rules will allow companies to both explore a block and bid for it. "This will prompt large players t...
- Mining industry flags issues with India’s mineral exploration regimeIndia needs to implement further reforms to encourage mineral exploration in the country, says Sumit Deb, outgoing President of the Federat...
- Mining, steel companies may move court over GST on royalty, licence feesAs per the current regulations, mining companies pay licence fees to state governments and pay either royalty annually or based on conditio...
- Government offers royalty sops to boost oil & gas output“Concessional royalty at the rate of 10%, 20% and 30% has been proposed for category-I, II and III basins respectively," a senior governmen...
- Niti Aayog for liberalising mineral mining policy to cut importsThe plan includes an “Explore in India” mission, much on the lines of Skill India, Start-up India and Make in India, for the mining sector ...
- Government to auction 27 oil fields off Mumbai, 15 in KG basinAuction will be done on a new revenue sharing model where bidders will be asked to quote the revenue they will share with the govt at low a...
- Shell Plc may re-enter the upstream business in IndiaShell is bullish on India’s gas market and plans to expand its capacity at liquefied natural gas (LNG) terminal in Hazira, Gujarat.
- 116 New Exploration and Licensing Policy blocks suffered due to delays in statutory clearances"Revival of sick oil and gas wells is a continuous process and all the contractors, undertake several measures to revive sick wells," Pradh...
- Government considering freeing oil, gas price controls: P ChidambaramGovt is considering freeing prices of locally produced oil and natural gas from state controls in a bid to lure more foreign investment, Fi...
- Welcome Thoughts: The Rangarajan committee's proposals on oil and gas exploration and productionLicensors overseas avoid the detailed, caseby-case approach in E&P by putting out extensive codes and operator manuals that are regularly u...
- Plan panel for raising gas prices by oil PSUsThe Planning Commission today called for linking petrol and diesel prices with international markets and made a case for raising gas prices...
- ONGC Mittal under scanner in NigeriaTwo blocks awarded to OMEL by previous regime face charges of irregularities, co didn’t bid for third block on offer.
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