Delays in bidding rounds notwithstanding, the government has increased the expression of interest (EoI) submission cycle for oil and gas acreage to three times a year from two times earlier
The United States on Saturday expressed concern over reports that China is hampering other countries’ oil and gas activities in the South China Sea and accused Beijing of acting like a bully.
Surging oil and gas prices, skyrocketing insurance costs and attacks on energy and banking infrastructure are likely to be some of the initial impacts if the current Iranian tension erupts into outright war.
Hindustan Oil Exploration Company (HOEC) has agreed to buy India assets of Harty Oil and Gas for USD 1.5 million (approximately Rs 10.3 crore).
GAIL Chairman B C Tripathi said the company has exceeded its capex target of Rs 6,400 crore for financial year 2018-19
Piped gas is no longer a dream for Rajasthan. A total of 20 districts of the state were granted authorization for the development of city gas distribution (CGD) system to various entities.
The government on Friday issued letters of intent to 12 companies which bagged 50 Geographical Areas (GAs) that were on offer under the tenth round of city gas distribution (CGD) bidding.
The government has switched back to the two-decades-old method of auctioning oil and gas blocks in areas with poor prospects on the basis of exploration work committed by bidders
The government has approved major reforms in the oil and gas sector in less than a month, shifting from revenue-maximisation to production-maximisation while approving handing over of 66 discovered fields of state-run companies to private players.
The government Tuesday approved new rules for bidding out oil and gas blocks as it reverted back to a two-decade old system of awarding areas based on exploration work commitment