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PETROLEUM LEASE
Iran war shock: Govt asks ONGC to build ₹15,000 crore strategic oil reserve at MangaluruIndia plans to boost its oil security. Oil and Natural Gas Corporation, ONGC, will build a new strategic petroleum reserve facility in Mang...
Falling crude oil price sends tyre, paint, oil marketing and airline companies soaring in relief rallyOn Friday, a significant drop in oil prices caused a ripple effect in the stock market, with companies linked to crude oil benefiting the m...
India keeps local jet fuel prices unchanged after airline pleaIndian oil refiners have maintained jet fuel prices for domestic flights. This decision follows a request from airlines facing challenges f...
Airlines plead with state-run oil majors to postpone jet fuel hikesIndian airlines are urging state-run oil refiners to postpone jet fuel price increases for domestic flights. This move aims to ease financi...
Welspun One leases 65,000 sq ft at JNPA SEZ to Balmer Lawrie for SEZ warehousing expansionWelspun One and Balmer Lawrie have signed an agreement for warehousing space at WTC Nhava Sheva. This marks Welspun One's first partnership...
Liquor stocks have macro tailwinds, but will FTAs become a problem? 6 liquor stocks with an upside potential of up to 26%Supply chain disruptions caused by the US-Israel-Iran conflict have a second-order impact on several industries. The liquor sector is no ex...
The off-balance sheet trick didn’t die in 2019: How Indian managements still hide obligations from investorsThis is one of the most judgement-heavy corners of an Indian balance sheet and one of the easiest to stretch. This part of the series is ab...
Incentives may be given for coal gasification: Minister for coal and mines G Kishan ReddyCoal gasification is an immediate substitute for some petroleum products and imported ammonia, Reddy said on the sidelines of an event to s...
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...
Parliament passes bill to amend law governing oilfields developmentParliament passed the Oilfields (Regulation and Development) Amendment Bill, 2024. The bill amends the law governing oil and gas exploratio...
Rajya Sabha passes bill to boost investment in oil and gas explorationThe Rajya Sabha passed the Oilfields (Regulation and Development) Amendment Bill, 2024, which aims to boost investment in the oil and gas s...
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...
Assam signs petroleum mining lease deed with HOEC, OIL and IOCJogen Mohan, Minister for Mines and Minerals assured that Assam Government would provide all possible support to HOEC, OIL, and IOCL in its...
India MRPL seeks to replace ADNOC oil with Saudi grade in Mangalore strategic petroleum reserveIndia, the world's third-biggest oil importer and consumer, has built strategic storage at three locations in southern India to store up to...
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...
Coal India awaits CCEA clearance to start extraction of CBMTo expedite gas production from coal seams, however, the government had earlier permitted Coal India to mine CBM through a notification.
Govt permits CIL to explore natural gas in coal seamsThe Ministry of Petroleum and Natural Gas in a November 3 order said Coal India and its subsidiaries will be allowed to explore coal-bed me...
Sri Lanka hardens stand on pact to lease oil storage to IOCSources said with Sri Lanka government having reservations on leasing the facilities to Lanka IOC, the entire project is stuck.
- RIL employees bid adieu to DAKC
Over 2,200 employees of Reliance Industries (RIL) finally bid adieu to the swanky Dhirubhai Ambani Knowledge City (DAKC) in Navi Mumbai.