Govt notifies New Petroleum and Natural Gas Rules to boost investment, ease of doing bizThe rules, issued under the recently approved Oilfields (Regulation and Development) Amendment Act, 2025, replace the earlier system of mul...
12 Dec, 2025, 06.26 PM IST
India Inc flags GST hike on capital goods, warns of impact on oil & fuel independenceFICCI has expressed concerns to the Oil Minister regarding the recent GST hike on capital goods for the oil, gas, and CBM sectors. They arg...
11 Sep, 2025, 06.51 PM IST
Explorations in India is now "easier, faster, and more profitable than ever before": Hardeep PuriHardeep Puri highlighted policy reforms to boost oil and gas exploration. These reforms aim to ease business for operators. Amendments to t...
08 Jul, 2025, 06.19 PM IST
No windfall tax on oil & gas companies after new law kicks in: Hardeep PuriThe new oilfield development bill passed by the Lok Sabha will prevent the imposition of windfall tax on oil and gas producers, stated petr...
20 Mar, 2025, 12.53 AM IST
Oilfields regulation act update to boost production: PM ModiPrime Minister Narendra Modi stated that amendments to the Oilfields Regulation & Development Act will provide policy stability, extended l...
12 Feb, 2025, 12.24 AM IST
Oilfield service consolidation to increase under Donald Trump, report saysOilfield services expect increased mergers in 2025. Deregulation under the new administration will fuel this trend. Oil producers have alre...
05 Dec, 2024, 10.54 AM IST
Oilfields bill an important legislation: PM ModiPrime Minister Narendra Modi lauded the Oilfields (Regulation and Development) Amendment Bill, 2024, passed in the Rajya Sabha, as crucial ...
03 Dec, 2024, 08.50 PM IST
ET Graphics | Govt likely to pass 16 key Economic Bills in Winter Session; Focus on banking, shipping, moreThe government aims to pass 16 bills in the ongoing winter session of Parliament, with a significant emphasis on reforms in the banking, sh...
25 Nov, 2024, 11.48 PM IST
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...
06 Aug, 2024, 12.34 AM IST
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...
05 Aug, 2024, 05.50 PM IST
Oil exploration contracts not to be covered under IBC moratoriumThe Indian government has exempted bankrupt petroleum firms' mining leases, exploration licences and production and revenue-sharing contrac...
17 Jun, 2023, 12.40 AM IST
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 ...
17 Jun, 2021, 05.33 PM IST
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...
14 Jan, 2021, 08.34 AM IST
GE nears about $30 bn deal with Baker Hughes: ReportsGE said in a statement last week that it was in talks with the oilfield services provider on potential partnerships but none of those optio...
31 Oct, 2016, 09.18 AM IST
Assam govt seeks suitable amendment of Oilfields (Regulation & Development) Act 1948The Chief Minister pointed out that Central PSUs namely OIL and ONGC engaged in production of petroleum in Assam waste away a considerable ...
09 Dec, 2014, 08.17 PM IST
- UK's Swire Oilfield Services establishes Indian unit
The new company will initially employ four staff in Mumbai, with the expectation that this will increase as business in India gathers pace.
25 Jan, 2011, 11.17 AM IST
- Iraq boasts third-largest oil reserves, overtakes Iran
Iraq reported on Monday a sharp rise in proven oil reserves that saw it leapfrog Iran into third place worldwide, as the war-battered count...
04 Oct, 2010, 03.08 PM IST