The contracts for these pre-NELP exploratory blocks will be extended for 10 years Business Standard, 1 month ago
Cabinet clears extension of pre-Nelp blocks, including Cairn India's Barmer - Business Standard, 1 month ago
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Cabinet approves Policy for the Grant of Extension to the Production Sharing Contracts signed by GOI awarding Pre-NELP Exploration Blocks
This policy will enable the contractors to extract not only the remaining reserves but also plan to extract additional reserves by implementing new technologies. In certain fields, additional recovery of hydrocarbons can be obtained through Enhanced Oil ...Business Standard, 1 month ago
Posted by Equitymaster Asian equity markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.14%, while the Hang Seng is up 0.31%. The Shanghai Composite is trading up by 0.36%. European stock markets finished weak in their ...Equitymaster.com, 1 month ago Sensex Trades in Red; IT Stocks Drag Equitymaster.com, 1 month ago
A Union Cabinet panel on Wednesday approved a policy for extending the licences of oil and gas fields awarded before the 1999 New Exploration Licensing Policy (NELP) regime, on payment of an additional 10 per cent profit share.The Cabinet Committee on ...Prokerala, 1 month ago
To speed up reforms in the oil and gas sector, the government is set to formalise a new set of rules that will allow exploration companies to get extension of licences four years ahead of the end of its term. The policy is expected to provide clarity to ...The Financial Chronicle, 1 month ago
The Board of state-owned ONGC has approved signing of definitive agreements for buying debt- laden GSPC's entire 80 per cent stake in KG-basin natural gas block for USD 1.2 billion. ONGC will pay USD 995.26 million for three discoveries in the KG-OSN-2001/3 ...Business Standard, 2 months ago
Mercator, which was formerly known as Mercator Lines is the stock in focus, owing to the recent development pertaining to the subsidiary of the company Mercator Petroleum Ltd.,(MPL) having been awarded 2 oil blocks in the Cambay Basin under NELP VII, at the ...India Infoline, 2 months ago
The Government of Andhra Pradesh and ONGC signed a Memorandum of Understanding (MoU) on Friday to take forward all critical Oil and Gas Exploration and Production activities of the Maharatna PSU in the state.The MoU was signed at Visakhapatnam, at the ...Business Standard, 2 months ago
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