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OILFIELD DISPUTE
'Nobody will trust you...': SC junks Centre's plea against Vedanta arbitration awardsThe Supreme Court dismissed the Union government's appeal concerning disputes involving $99 million arbitral awards. Vedanta and Ravva Oil ...
In 1867, a Swedish chemist, engineer and industrialist invented a stable paste made by mixing highly unstable liquid nitroglycerin with porous silica sand called kieselguhr changing the world foreverIn 1867, a Swedish chemist, engineer and industrialist invented a stable paste by mixing nitroglycerin with porous silica sand called kiese...
China discovers major new oilfield off ShenzhenChina's National Offshore Oil Corporation (CNOOC) has found a significant oilfield in the eastern South China Sea, with proven reserves sur...
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...
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 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...
Extend oilfield pacts without changing terms, suggests NitiNiti Aayog has sent its policy recommendation to the oil ministry, saying any extension of oilfield contracts should be as per the original...
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 ...
Islamic State 'blows up' Iraq oil wells, kills policeman: OfficialsIraqi Kurdish peshmerga forces took control of Kirkuk, home to key oilfields including Bay Hassan, in June 2014 after federal forces withdr...
Government seeks USD 520 million from Cairn Oil & Gas; company slaps arbitration noticeCairn is the operator of Rajasthan block with 70 per cent interest while the balance is held by state-owned Oil and Natural Gas Corp (ONGC).
Why the govt asked a court to restrain $15 bn Saudi Aramco-RIL dealThe government asked a court to restrain a $15 billion deal in which the world’s most profitable company and top oil exporter Saudi Aramco ...
Directorate General Of Hydrocarbons for fresh approach to solve oilfield disputesA strategy paper prepared by the caretaker of the country's hydrocarbons treasure suggests that the "over-cautious approach" in evaluating ...
- Cairn-Vedanta deal: Oil Ministry sends approval letters to firms
More than three weeks after the CCEA gave conditional nod to the Cairn-Vedanta deal, the Oil Ministry sent a formal letter to the companies...
- Cairn questions estimates of KG basin gas reserves
ONGC and Cairn India have crossed swords again as the British explorer has questioned the estimates of gas reserves in the KG Basin.
- GoM sets stringent conditions for approving Cairn-Vedanta deal
The GoM recommended that Cairn withdraw the cess arbitration and agree to pay its share of cess as the second pre-conditions for approval.
- Impasse over Cairn-Vedanta deal to continue
The impasse over the controversial $9.6-billion Cairn-Vedanta deal could continue till May because key ministers are currently busy with st...
- 'ONGC's consent needed in Cairn-Vedanta deal'
In a blow to Cairn Energy, the government's law officers have held that Edinburgh-based firm needs state-owned ONGC's consent to sell its m...
- Cairn-Vedanta deal to go through as OilMin waters down conditions
After keeping it on tenterhooks for months, the government looks set to clear London-listed mining group Vedanta Resources' USD 9.6 billion...