The 2025 Interconnected Disaster Risks report shifts focus from diagnosing problems to mapping out solutions. It establishes that many of today’s solutions are surface-level fixes, and that to create lasting change, we need to question the societal structures and mindsets that perpetuate these challenges. The report offers a more holistic …
After months of intense stand-off, the oil ministry has given nod to Reliance Industries’ plans to raise natural gas output from the flagging KG-D6 oilfield and agreed the Comptroller & Auditor General of India could not do a performance audit of the company. The ministry sent a letter on Tuesday …
Says A Govt Proposal That Is Being Touted As Only Viable Biz Model For The PSU Gandhinagar: Only a viable business model, which includes stopping some of the unprofitable foreign operations immediately where huge sums have gone down the drain and progressively getting out of its other oil-and-gas explorations, can …
About a dozen companies are contributing to a novel conservation plan that pays Ecuador to protect part of the Amazon rainforest in return for barring oil drilling, the head of the initiative said on Friday. Ivonne Baki said the scheme to conserve the Yasuni area of the Amazon basin, launched …
New Delhi The leeway for oil producers to stagger or defer sharing of profit with the government could go. The upstream oil regulator has proposed that these companies earmark a defined fraction of their revenue for the government, right from the start of production. Currently, producers can decide whether and …
NEW DELHI, 17 OCT: The oil ministry has informed the Prime Minister's Office (PMO) that it has not given final nod to Reliance Industries' plans to raise natural gas output from the flagging KG-D6 fields as the firm has refused to allow audit of its expenditure by CAG. Oil secretary …
The government plans to relax rules for oil and gas exploration licences in time for the next bidding round, to attract global companies. “Before the next round (of exploration licensing) we would like to put in place a more investor-friendly regime, both for investment and from the point of view …
New Delhi After the lacklustre response from foreign participants in the earlier NELP rounds, the government is looking to revamp its oil and gas exploration policy before the NELP-X round of auction. The government is planning to initiate the 10th round of auction under the new exploration licensing policy (NELP) …
After GAIL found new oil reserves in Ganganagar last month, now Focus Energy last week hit upon huge reserves of gas in three wells in SJL field at RJON/06 in the Shahgarh Bulj area in Jaisalmer at a depth of 3,170m. Focus Energy is still digging four new wells where …
New Delhi: The government would offer exploration blocks for the next round of auction only after fine-tuning the existing policy for making it friendlier for investors and easier for the government to monitor pricing and share of revenue. “We will go for the 10th round quite early... Our endeavour is …
New Delhi: The government has cleared a bulk of the 52 exploration blocks that were bid out successfully but were stuck over defence and environmental clearances, oil secretary G C Chaturvedi said on Sunday. “A high-level committee headed by the cabinet secretary and consisting of officials of ministries such as …
Co may freeze oil & gas investments till clarity on gas pricing. The board of Reliance Industries may put investments in India’s oil & gas exploration assets on hold until the government agrees to get rid of a cap on the prices of natural gas and approves capital expenditure plans, …
New Delhi: Mukesh Ambani’s Reliance Industries Ltd has put its foot down on the government’s move to get the performance of its showcase Andhra offshore gas field scrutinized by the federal auditor. In a September 18 letter to the ministry, Reliance said the contract with the state did not have …
Piped supply of oil and domestic gas will be increased in next few years. Similarly, 25 percent of the country’s energy will be met through natural gas. This information was given at a two-day workshop on emergency response and disaster management scheme here today. As many as 92 representatives of …
China may import more crude or refined products in the next few months, after official figures showed a sharp drop in oil and fuel inventories in August. China’s commercial crude inventories fell 2.5% by the end of August from a month earlier, and those of refined products by 10.9%, according …
‘Cairn’s drive may increase India’s oil output by 3.1%’ Mumbai Cairn India’s plans for enhancing oil production from its Rajasthan block is likely to drive the domestic crude oil production by 3.1% in FY13, a Centre for Monitoring Indian Economy (CMIE) survey has said. “The domestic crude oil production is …
Mumbai Government-run Hindustan Petroleum Corporation (HPCL) is eyeing stakes in overseas oil blocks, primarily in Africa and Kazakhstan, as it looks to beef up its portfolio of producing and discovered assets. The company plans to spend R3,000 crore mostly on building up its portfolio of developed assets over the next …
Oil and gas exploration companies like British Gas and Essar Energy want clarity on pricing and gradual linkage to international price for making shale gas investments. After Reliance Industries Ltd (RIL)’s experience with the D6 gas allocation, some also suggested the government should not have an allocation policy for shale …
Each discovery in oil block to be treated as separate cost centre, if proposal gets nod In a major revamp of oil and gas exploration, the government is likely to notify a policy disallowing companies from deducting as expenses all exploration costs in areas where earlier discoveries are under development …
The Appellate Tribunal for Electricity (ATE) on Wednesday issued notices to the three PSU oil marketing companies IndianOil (IOC), Hindustan Petroleum (HPCL) and Bharat Petroleum (BPCL) on petitions filed by Reliance Industries, Essar Oil and Shell. The three companies have challenged the dismissal of their plea by sector regulator Petroleum …
Euphoria Fades Over India’s ‘Gulf Of Mexico’ As Output Falls At RIL’s Finds | ONGC, GSPC Yet To Begin Production Mumbai: In 2005, while addressing students at IIM-Ahmedabad, Reliance Industries (RIL) chairman Mukesh Ambani compared India’s east coast to the Gulf of Mexico. Gas discoveries by RIL, ONGC and GSPC …
