The 15 coal bed methane (CBM) blocks, which are part of the 54 blocks that the government identified for auctioning to state-run and private companies, would be demarcated by the oil ministry and given to the coal ministry. It may be recalled that recently, the coal ministry asked the oil ministry to demarcate the coal bearing areas of these CBM mines, relinquish them and hand them
Tag: blocks
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Govt considers 17 coal blocks for state-run firms
The union ministry of coal circulated 17 coal blocks for allocation to government companies out of which 14 are for specified end-use power and three coal blocks are earmarked for purpose of mining. These blocks would be allotted for eligible companies as per the ‘Auction by Competitive Bidding of Coal Mines Amendment Rules, 2012
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CCI approves operation in 25 oil, gas blocks
The Cabinet Committee on Investment (CCI) approved 25 blocks for continued exploration of oil and gas in its latest meeting. These blocks involve a total of over $4.6 billion of investment. Of this, $2.71 billion of investment has already been made and further investment to the extent of $1.9 billion
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CCI clears investment in 5 oil and gas blocks
Exploration project at five oil and gas blocks, which where stuck as the defence ministry had objected to civilian activity, received approval from the Cabinet Committee on Investment (CCI) recently. Oil and gas exploration projects at several regions were affected by the objection of the defence establishment on concerns of security or proximity to sensitive locat
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Ministries take efforts to clear blocks
Union ministry of defence and the ministry of petroleum are taking efforts to arrive at a workable solution in respect of granting security clearance to the "No Go" blocks, a joint report by the ministries said. Both the ministries are taking efforts keeping in mind the best practices in other countries as well as options for appropriate ring-fencing and a coordinated mech
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Coal India’s cost to rise owing to diesel price hike
Minister of State of Coal Pratik Prakash Bapu Patil informed Rajya Sabha that the rise in petrol and diesel prices will impact the cost of coal production in the country. The rise in diesel price would increase the cost of production of Coal India (CIL), which accounts for over 80 per cent of the domestic coal mining, by Rs 600 crore per annu
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Industry players expected more tax incentives
Some companies in the oil and gas sector feel that the budget has not provided enough tax incentives for the upstream and the downstream segments of the sector. For example, upstream companies were expecting the budget to remove service tax on service providers to E&P companies favourably, since that drains away a substantial part
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Oil, defence ministries discuss clearance to 39 blocks
The Minister of State for Petroleum & Natural Gas PanabaakaLakshmi informed the Lok Sabha that as per the directives of Cabinet Committee on Investments (CCI), meetings are being held to resolve the issue of Ministryof Defence (MoD) placing restrictions on exploration and development activities in respect of 39 exploration blocks in offshore areas including Krishna-God
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Oil, defence ministries discuss clearance to 39 blocks
The Minister of State for Petroleum & Natural Gas PanabaakaLakshmi informed the Lok Sabha that as per the directives of Cabinet Committee on Investments (CCI), meetings are being held to resolve the issue of Ministryof Defence (MoD) placing restrictions on exploration and development activities in respect of 39 exploration blocks in offshore areas including Krishna-God
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Niko feels improvement in business condition in India
Edward S Sampson, President and CEO of Niko Resources, the Canadian oil company said the business environment in India appears to have improved significantly as evidenced by the release of a government-appointed committee's report on domestic gas pricing. He said this in a message to shareholders. It may be noted that the firm is jointly exploring hydrocarbon with Reliance Industries in the D6 and NEC-25 blocks.