Speaking at the informal BRICS leaders’ meeting in Osaka Prime Minister Narendra Modi laid emphasis on ensuring energy security and low priced energy resources like oil and gas.
State Bank of India’s Chairman Rajnish Kumar would not be surprised about Norway’s recent decision to divest from a selected group of fossil fuel companies. He had recently declared 31 gas-based power plants across India as already stranded and uncompetitive against the new low-cost renewables.
The Oil & Gas industry has been one of the largest industries globally for decades.
In September 2018, when Anil Agarwal-led Vedanta won 41 of 55 oil and gas exploration blocks in the first round of open acreage auctions (OALP-1), it had not only grabbed headlines but also raised eyebrows.
Uttar Pradesh, West Bengal and Bihar have received maximum benefit from Prime Minister Narendra Modi’s mission to provide clean cooking fuel to poor households. India’s most populous state Uttar Pradesh has received over 1 crore LPG connections under the scheme which was launched less than three years ago.
Oil and Natural Gas Corporation on Thursday won five out of the 23 discovered oil and gas fields that were auctioned in the second round of discovered small field (DSF).
The Centre has signed contracts with winners of blocks awarded under the Discovered Small Fields (DSF) Bid Round-II. Oil and Natural Gas Corporation (ONGC) has bagged five blocks, while Oil India Limited (OIL) has cornered two blocks in this round.
State-owned Oil and Natural Gas Corporation (ONGC) Thursday signed a contract for the prolific Chinnewala Tibba gas field in Rajasthan, which it had discovered around 15 years ago but was taken away and auctioned by the government.
Nitin Khara, CMD & CEO, Confidence Petroleum India speaks on the Joint venture with Time Techno for LPG tanks. This venture plans to build blast resistance LPG tanks. Listen in!
India’s hydrocarbon space will test the patience and policy consistency of the government of the day in the coming years as the country’s exploration policy enters a transition phase.