With as many as 15 oil & gas blocks out of 55 on offer under the Hydrocarbon Exploration & Licensing Policy (HELP) located in Gujarat, the state holds the key to the success of the policy, a senior official said.
Union Minister of Petroleum and Natural Gas Dharmendra Pradhan held bilateral talks with Turkish Energy Minister Berat Albayrak on Tuesday, during which issues of bilateral energy cooperation, including renewable energy were discussed.
Union Minister of State for Petroleum and Natural Gas Dharmendra Pradhan on Sunday held meeting with the US Secretary of State and Energy Ministers around the world at the opening ceremony of 22nd World Petroleum Congress (WPC) International Conference in Istanbul, Turkey.
The government on Wednesday replaced the New Exploration and Licensing Policy with the Open Acreage Licensing (OAL) under the framework of Hydrocarbon Exploration and Licensing Policy (HELP).
Petroleum minister Dharmendra Pradhan on Wednesday said the oil ministry is looking at awarding oil blocks under the revamped Hydrocarbon Exploration Licensing Policy (HELP) by December this year.
The government on Wednesday replaced the New Exploration and Licensing Policy with the Open Acreage Licensing (OAL) under the framework of Hydrocarbon Exploration and Licensing Policy (HELP).
In a major attempt to boost India’s oil and gas production, the government will today simultaneously launch two key interventions – a revamped oil and gas bidding mechanism named Open Acreage Licensing Process (OALP) and the National Data Repository (NDR) for the first major oil field auctions to be held from July 1 under a new Hydrocarbon Exploration Licensing Policy (HELP).
Reliance Industries and BP Plc’s $6-billion investment announcement on Thursday was prompted by the rare opportunity to develop their gas fields at rock-bottom costs and sell the output at market rates
India will soon launch the second round of auction of discovered oil and gas fields of state- owned ONGC and Oil India Ltd, Oil Minister Dharmendra Pradhan said today.
India’s oil and gas sector has attracted foreign direct investments worth $ 1.18 billion in the past two financial years between April 2014 and March 2016, the government said in its “achievement report” for the petroleum sector.
