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 …
Vedanta group firm Cairn India Tuesday said it has made the 26th oil discovery in its RJ-ON-90/1 block in Rajasthan's Barmer district. Technical evaluations indicate nearly 10 metres of gross oil column within Dharvi Dungar sands in Raageshwari-Tukaram area, the company said in a statement. "We are delighted with the …
Cairn India, on Tuesday, announced that it had made the 26th oil discovery in its Rajasthan block. The block management committee had approved the exploration work programme for the RJ-ON-90/1 block on February 14 after which Cairn India commenced drilling of its first exploration well, Raageshwari-South-1, on February 25 located …
Following is the text of the Prime Minister, Dr Manmohan Singh's address at the CII National Conference and Annual General Meeting, in New Delhi on Wednesday: "I am delighted to be here today to inaugurate the CII annual meeting for 2013. I have always believed that both government and business …
In a move that could give a fillip to India's unconventional gas production, the ministry of environment and forests has given the phase-III clearance for Essar Oil's Raniganj block in West Bengal. The company will now be able to drill up to 650 wells, compared with the current 135. The …
Scrips of RIL, ONGC down The Finance Minister's announcement for the oil and gas companies did not cheer key players in the industry. Industry players gave a thumbs down to FM's proposal to review the oil and gas exploration policy and move from profit sharing to revenue sharing contracts. "The …
The Directorate-General of Hydrocarbons (DGH) has held back approvals for work programme (WP) and budget for KG-DWN-98/3 (KG-D6) block for 2012-13 and 2013-14, seeking an explanation on various issues including not drilling the approved development wells and failing to adhere to the management committee (MC)-approved plans. In a letter to …
State-run ONGC, which has a 30% stake in Cairn India-operated Rajasthan oilfields, has refused to share the cost of further exploration in the block that the government had recently allowed to help increase oil output from it by over 70%. “ONGC has no objection on further exploration of the block. …
The Arctic needs to be better protected from a rush for natural resources as melting ice makes mineral and energy exploration easier, the United Nations' Environment Programme (UNEP) said. The UNEP Year Book 2013 was released on Monday to accompany the opening of talks in Nairobi attended by environment ministers …
The Arctic needs to be better protected from a rush for natural resources as melting ice makes mineral and energy exploration easier, the United Nations' Environment Programme (UNEP) said. The UNEP Year Book 2013 was released on Monday to accompany the opening of talks in Nairobi attended by environment ministers …
A draft document by the Arctic Council fails to define liability for accidents in an icy region opening up due to global warming Arctic nations' plans to start co-operating over oil spills are vague and fail to define companies' liability for any accidents in an icy region opening up due …
India’s northeastern state Nagaland has declared independence from the Union oil ministry and invited bids for 11 exploration blocks in the state without involving the petroleum ministry, which has rushed to the home ministry in protest. The centre was caught napping, when Nagaland invited “expressions of interest” from oil companies …
New Delhi: Free-market diesel price in 24 mths; only LPG, kerosene to get subsidy The UPA government is going the whole hog on its plan to move towards fully market-determined pricing of diesel, which accounts for 60% of this year’s estimated fuel subsidy bill of R1.7 lakh crore. “In 24 …
Petroleum minister Veerapa Moily has prepared a Cabinet note, recommending a new formula suggested by the Rangarajan panel to split profits between the exchequer and fuel producers from oil and gas blocks to be awarded in the future to avoid disputes over timely payment of the state’s share of profits. …
New Delhi: n Petroleum ministry knocks on investment body’s door for clearances Move would benefit RIL, Cairn, BP, BHP Billiton and ONGC The petroleum ministry is set to approach the Prime Minister-led Cabinet Committee on Investment (CCI) for fast-tracking the approvals for 20 offshore exploration blocks, held up for want …
OVL holds 70 per cent participating interest in the block at the llanos basin in Colombia ONGC Videsh Ltd (OVL), the foreign investment arm of state-owned Oil and Natural Gas Corp (ONGC), has discovered oil on an onland block, CPO-5, in Colombia, it said in a statement on Sunday. “OVL …
The Cabinet Committee on Economic Affairs (CCEA), on Thursday, approved the award of oil and gas blocks to two consortiums led by GAIL India and Deep Energy, respectively.However, the CCEA, headed by Prime Minister Manmohan Singh, rejected the Ishar Gasoil’s bid for three blocks — RJ-ONN-2010/1, GV-ONN-2012/1 and CB-ONN-2010/2 — …
Prime Minister Manmohan Singh on Monday pushed for phased rationalisation of energy prices to bring them in line with international prices to meet the targeted rapid inclusive and sustainable growth. Energy remained under-priced in the country with coal, petroluem products and natural gas prices remaining well below international prices, he …
In his first major decision, the petroleum minister, M Veerappa Moily, has allowed Reliance Industries and Cairn India to explore oil and gas within producing fields, subject to conditions. The ministry, which had been sitting on the proposal for over a year, wrote to the directorate general of hydrocarbons (DGH) …
The “Indian Petroleum & Natural Gas Statistics” presents comprehensive statistics on various aspects of Indian Petroleum & Natural Gas Industries. The data on international developments in respect of the important segment of Petroleum and Natural Gas Industries have also been presented in the publication. The Statistics presented in the current …
The oil ministry has approved further exploration in Cairn India's operational oilfields in Rajasthan to increase production. “The proposal was pending with us for more than one and a half years. According to the existing PSC, the contractors are not prohibited for exploration in producing fields, however, we have given …
