E-PaperGas Reserves News
India 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 2018ONGC sets $2.64 billion capex for drilling oil, gas wells in 2018/19
ONGC aims to drill 535 oil and gas wells in this fiscal year to March 2019, compared with 503 well drilled in the previous year
1 min read2 May 2018Govt to auction 60 more oil and gas fields to private firms: Dharmendra Pradhan
Sixty more oil and gas fields will be offered in the second round of auction this year to quickly put them into production and help meet India's energy needs, says oil minister
1 min read8 Feb 2018Oil regulator denies commerciality review of ONGC’s deepest gas find in KG Basin
A senior ONGC official says it's beyond the mandate of Directorate General of Hydrocarbons to not review a discovery and look into technology
2 min read2 Oct 2017Cabinet approves Rs3,000 crore project for oil, gas reserves appraisal
The Union Cabinet has approved a Rs3,000 crore project to acquire seismic data for prospecting of oil and natural gas reserves to be implemented by ONGC and OIL
1 min read12 Sep 2017ONGC seeks market freedom to open India’s 8th sedimentary basin
ONGC has made a significant natural gas discovery in the Gulf of Kutch of Gujarat coast that can produce about three million standard cubic meters per day
2 min read30 Jul 2017Govt paves way for easy exploration of oil and gas reserves in forest areas
Environment ministry says seismic surveys for exploration of oil and gas reserves in forest areas will not come under Forest (Conversation) Act, 1980, if they do not involve clearing of area
2 min read4 May 2017EU nations, Israel eye longest undersea gas pipeline
The $6.2 billion undersea gas pipeline will take gas from Israel and Cyprus's recently discovered offshore gas reserves to Europe
2 min read3 Apr 2017RIL, BP ready to drop arbitration over gas prices?
Discussions initiated with govt; firms also signal intention to invest $10 billion over the next few years
3 min read11 Apr 2016Iran helps India sidestep China in race for Asian gas riches
With US sanctions easing, India is racing to build a port in Iran for land access to energy-rich former Soviet republics in Central Asia
4 min read7 Aug 2015Popular 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