E-PaperGas Blocks News
Investments into oil and gas blocks eligible for depreciation: CBDT
An amounts paid for the stake would be treated as an 'intangible asset' eligible for claim of depreciation after adjusting for the cost attributable to tangible assets, CBDT saidThe clarification, which has retrospective effect, could help in settling disputes and improve ease of doing business
1 min read20 Aug 2019Vedanta bags 41 oil, gas blocks in maiden open acreage auction
Oil India won nine blocks, while ONGC managed to win two among the 55 oil and gas blocks on offer
2 min read28 Aug 2018India offers ₹1trillion of oil and gas resources in DSF-II round
Oil minister Dharmendra Pradhan said the government is expecting as much as 45,000 crore in royalty, taxes and profit petroleum over the life of the fields
2 min read9 Aug 2018Reliance to sell entire stake in Cambay Basin to Sun Petrochemicals
Reliance Industries Ltd (RIL) has a 70% participating interest in the oil and gas block CB-ONN-2003/1 (also called CB-10) while BP India holds the balance 30%
2 min read30 Jul 2018Cabinet delegates powers to oil, finance ministers to award oil blocks
The cabinet has given its approval for delegating the powers to minister of petroleum and natural gas and finance minister to award the blocks/contract areas to successful bidders
2 min read11 Apr 2018BP plans to invest $2 billion in India upstream ventures over next few years 
Over the next decade, 10% of BP's global earnings will come from India as the firm bets on the country's growing energy demand, says Sashi Mukundan
2 min read6 Apr 2018Reliance Industries, BP India put Cambay oil and gas block on sale
ONGC is said to have seen the Cambay oil and gas block's data but is yet to take a call on whether to bid for the RIL and BP asset
2 min read30 Mar 2018Last date of bidding for 55 oil and gas blocks extended
The government extends by a month the last date of bidding for a record number of oil and gas blocks to 2 May from previously 3 April
2 min read22 Mar 2018RIL, BP’s Rs40,000 crore investment plan in KG-D6 approved
Reliance Industries and BP plc aim to develop three sets of natural gas discoveries in the KG-D6 block of the Godavari basin in the Bay of Bengal
3 min read27 Feb 2018Govt puts up 55 oil, gas blocks on auction for exploration
The government on Thursday put on 55 oil and gas blocks with a total area of 59,282 sq km on auction for exploration. Last date of bidding is 3 April
2 min read18 Jan 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared