Britain will permit new oil and gas extraction linked to current fields. Windfall taxes on producers will continue until 2030. A new tax me...

The govt has directed ONGC to take over operational control of an oil and gas block from Vedanta after rejecting its contract renewal reque...

The government is emphasizing the transformative potential of exploration licenses to unlock India's critical mineral reserves, encouraging...

The central government plans to auction up to 20 critical mineral blocks for deeper exploration under a new license regime to improve the t...

In a strategic move, India is set to auction critical and offshore mineral blocks, along with issuing exploration licenses in 2024, aiming ...

Once approved, these changes in mining rules will allow companies to both explore a block and bid for it. "This will prompt large players t...

India needs to implement further reforms to encourage mineral exploration in the country, says Sumit Deb, outgoing President of the Federat...

As per the current regulations, mining companies pay licence fees to state governments and pay either royalty annually or based on conditio...

“Concessional royalty at the rate of 10%, 20% and 30% has been proposed for category-I, II and III basins respectively," a senior governmen...

The 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 ...

Auction 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 is bullish on India’s gas market and plans to expand its capacity at liquefied natural gas (LNG) terminal in Hazira, Gujarat.

"Revival of sick oil and gas wells is a continuous process and all the contractors, undertake several measures to revive sick wells," Pradh...

Govt is considering freeing prices of locally produced oil and natural gas from state controls in a bid to lure more foreign investment, Fi...

Licensors overseas avoid the detailed, caseby-case approach in E&P by putting out extensive codes and operator manuals that are regularly u...

The Planning Commission today called for linking petrol and diesel prices with international markets and made a case for raising gas prices...

Two blocks awarded to OMEL by previous regime face charges of irregularities, co didn’t bid for third block on offer.