New and renewable energy ministry takes cue from PM, starts work on solar projects

The government has joined hands with IIT Bombay to implement cost-effective solar powered lighting solutions for rural population that will help save 36 million litres of kerosene and slash the sub

The government plans to impose an additional 30% environment compensation charge on diesel vehicles and is considering tightening the emission norms by mandating fuels compliant with Euro-IV norms

Ministry proposed a system of revenue sharing where the govt gets paid a part of the sales proceeds the moment production starts

The Comptroller & Auditor General (CAG) of India has asked the oil ministry to explain the delay in approving audited accounts of Reliance Industries-operated KG-D6 block since 2008-09, which t

The petroleum ministry has asked the environment and forest ministry to expedite determining the extent of protected Gulf of Mannar biosphere reserve that overlaps with a Cauvery offshore block whi

The oil ministry that has approached the Cabinet for its approval to launch the next round of annual oil and gas block auctions is simultaneously seeking its clearance for a policy that would allow

Permits operators to club discoveries of 2 or more blocks for optimum output

India’s proposed exploration policy seeks to give energy companies greater flexibility by eliminating the key role of the management committee headed by the director general of hydrocarbons in approving financial decisions. It also permits operators to club discoveries of two or more blocks for optimum output and allows continued exploration of oil and gas fields.

Essar, Reliance aim to produce 6.5 mmscmd coal bed methane gas in next two years

NEW DELHI: The oil and gas industry is hopeful that the budget may treat natural gas on a par with crude oil for tax exemption, which could revive investors' interest in future auction of oil blocks, but it does not see any strong commitment from the government on this matter.

"We can only hope, but the finance ministry is adamant that the matter, which is sub judice in various IT appellate tribunals, cannot be resolved through the Finance Bill," a senior executive in an upstream firm said requesting anonymity.