Govt defers bid deadline for OALP-II by a month to April 10
Bids for the 14 blocks offered in OALP-II bid round, covering an area of 29,333 square kilometres, were to close Tuesday.
Mar 12, 2019, 13:18 PM IST
Govt overhauls oil, gas exploration policy; no profit to be charged on output in less explored areas
Existing contracts already having marketing and pricing freedom would continue on the existing terms.
Mar 11, 2019, 18:07 PM IST
Govt exempts ONGC, OIL from LPG subsidy payments
In a big boost to domestic oil and gas exploration, the government has decided to exempt state-owned ONGC and Oil India from paying for LPG subsidies in current fiscal, Oil Secretary Saurabh Chandra said Tuesday.
Apr 21, 2015, 14:53 PM IST
Adani Group, Woodside sign pact on LNG sourcing and marketing
Business conglomerate Adani Group has signed an agreement with Australian energy major Woodside for sourcing of LNG as well as cooperation in oil and gas exploration and production.
Jan 11, 2015, 19:01 PM IST
Chevron and ONGC Videsh join New Zealand oil, gas search
New Zealand awarded 15 oil and gas exploration licences on Tuesday, with U.S. giant Chevron and India`s ONGC Videsh joining the hunt in the South Pacific country for the first time.
Dec 09, 2014, 12:19 PM IST
Oil Ministry wants revenue sharing for future oil contracts
Seeking to revive interest in oil and gas exploration by simplifying rules, the Oil Ministry is looking at replacing the controversial Production Sharing Contracts (PSC) with simpler revenue-sharing regime.
Aug 21, 2014, 18:04 PM IST
