Experts feel that the regulatory regime in the oil and gas sector must evolve to resolve new challenges and promote growth. One of the key issues in the sector is pricing. Oil and gas pricing has been controlled by the government - almost entirely until April 2002 under the Administered Price Mechanism (APM), and through indirect control since.
Category: Oil & Gas
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RIL to appraise discovery in Cauvery basin
Reports indicate that Reliance Industries (RIL) would appraise its discovery in the Cauvery basin and submit a field development plan to the government. This follows issuance of approval letter by government to the operator (RIL) to appraise the discovery. The move is expected to enable the company extend its deep-water portfolio beyond the controversial D6...
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Govt to introduce shale gas policy soon
Petroleum and Natural Gas Minister, M Veerappa Moily said that his ministry was working on a “positive and forward-looking” shale gas policy that would be placed before the Union cabinet shortly.
Shale gas or natural gas trapped in sedimentary rocks (shale formations) below the earthÂ’s surface, is the new focus area in the US, Canada and China as an alternative to conventional oil and gas.
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Govt to introduce shale gas policy soon
Petroleum and Natural Gas Minister, M Veerappa Moily said that his ministry was working on a “positive and forward-looking” shale gas policy that would be placed before the Union cabinet shortly.
Shale gas or natural gas trapped in sedimentary rocks (shale formations) below the earthÂ’s surface, is the new focus area in the US, Canada and China as an alternative to conventional oil and gas.
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Petronet terminal project
Petronet LNG is working on a Rs 4,500 crore land-based LNG terminal project with facilities for receiving, storage and
regasification of LNG at Gangavaram in VisaÂkhÂapatnam district in collaÂboration with the GangÂavaram port.
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Petronet terminal project
Petronet LNG is working on a Rs 4,500 crore land-based LNG terminal project with facilities for receiving, storage and
regasification of LNG at Gangavaram in VisaÂkhÂapatnam district in collaÂboration with the GangÂavaram port.
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IOC, BPCL to make Kerala an LPG surplus state
To make Kerala a surplus liquefied petroleum gas (LPG) state by 2015, Indian Oil Corporation (IOC) and Bharat Petroleum Corporation (BPCL) Kochi Refinery have taken up projects. The projects, being undertaken by the two State-owned companies are expected make available about 1,700 tmt (thousand metric tonnes) of LPG in the state.
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India should get into long-term oil tie-ups, says expert
To meet its future energy needs at low cost, India should acquire oil assets overseas and if its workable enter into long-term bilateral development and supply agreements with oil-exporting countries.
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ONGC achieves highest gas output from Gujarat for Nov
The Union Ministry of Petroleum and Natural Gas (MoPNG) has stated that Oil & Natural Gas Corporation (ONGC) has achieved a highest natural gas production from its Gujarat gas fields for the month of November.
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China govt discovers 5 bn tonne of oil in 2008-2011
According to reports, China has made progress in the discovery of 5.01 billion tonne of oil reserves and other natural resources between 2008 and 2011. Besides, 2.6 trillion cubic meters of natural gas and 279.8 billion tonne of coal have been discovered, said the China government report on land administration and mining resources.