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PETROLEUM EXPLORATION LICENCE
PC Jeweller shares soar 14% on Q4 PAT jumps 58% YoY, strong management commentaryShares of PC Jeweller surged 14% after the company reported a 58% year-on-year rise in Q4 net profit to Rs 150 crore. Strong consumer deman...- 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...
- India sees Rs 41,000 crore investment for natural gas network in Kashmir, northeastIndia aims to invest $4.95 billion in natural gas pipeline infrastructure in northeastern states and northern federal territories. Prime Mi...
- Oil firms may get to operate fields for full economic lifeCompanies will not be required to seek renewal in future contracts, helping them plan their investments better. For the existing contracts,...
- CMs of Assam, Nagaland hold talks on settlement of border disputeSarma had a one-on-one discussion with his Nagaland counterpart Neiphiu Rio at the Assam House to resolve the long-standing border row betw...
- OVL gets another 2-yr extension for Vietnamese oil block in South China SeaOVL had signed a production sharing contract (PSC) with Vietnam's national oil firm PetroVietnam for deepwater exploratory Block- 128 havin...
- Petroleum ministry's new proposal to help step up oil explorationDelayed licences and clearances have been at the heart of slow progress in exploration projects in the country, leaving companies and the g...
- 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...
- Definition of petroleum may include Shale tooThe oil ministry has sought public comments on including shale in the definition of petroleum in the next two weeks for the proposed amendm...
- Government grants BP Plc licence to set up petrol pumps in IndiaBP granted licence to market Motor Spirit (petrol) and High Speed Diesel (diesel) - another milestone for BP in India," the company tweeted.
- ONGC has found hydrocarbon deposit in MizoramFour oil giants were involved in the oil exploration venture in the state, he said, adding, however, that the Reliance company was axed.
- IOC-Delonex win oil block in MozambiqueOther companies which have been awarded areas as operators include Eni which won Angoche basin Area A5-A and Sasol Petroleum for Pande/Tema...
- 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...
- GSPL-led consortium to raise Rs 8,500 crore for gas transmission projectsPartners have also started exploring possibilities to import LNG to transmit through pipelines with capacity to transport 95 mmscmd of gas.
- Future of oil drilling in KG Basin uncertain after Defence Ministry's objectsAs a result of the MoD's objections, ONGC has not been able to take up exploration work in two of its already allotted KG Basin blocks.
- Rajasthan seeks say in oil contractsRajasthan has sought a say in the contracts signed with companies for oil and gas hunt in the state.
- Cairn India in pact with Sri Lanka for explorationCairn India on Monday signed the Petroleum Resources Agreement with Sri Lanka for licence to explore oil and natural gas in the Mannar Basi...
- Govt postpones NELP VII bid date to April 25The government has postponed the bid date for 57 oil and gas blocks on offer, under the latest round of New Exploration Licencing Policy, t...
- Govt rejects ONGC’s tie-up plans with BG, BPThe petroleum ministry has rejected ONGC’s proposals for strategic tie-ups with British Gas (BG) and British Petroleum (BP) in the three KG...
- CCEA to discuss petro profit sharing on ThursdayCabinet Committee on Economic Affairs would on Thursday discuss the proposals of the Petroleum Ministry on the states' claim to share profi...
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