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NELP News

25 May 2016

Modi government offers auction for 46 oil and gas fields through international bidding

Oil Minister Dharmendra Pradhan said bidding for the Discovered Small Fields Bid Round will open on July 15 and last date of bidding is October 31.

10 Mar 2016

Cabinet clears new price formula for undeveloped gas finds

In a boost to firms like ONGC and Reliance Industries, the Cabinet today approved a new price formula for their undeveloped gas discoveries in difficult areas, which will lead to a near-doubling of rates.

Cess on crude oil

24 Nov 2015

Pradhan favours crude cess reduction, says talking to Finanace Ministry

The Petroleum Ministry is talking to the Finance Ministry on reducing the cess that the industry has been seeking since the steep fall in crude prices beginning June 2014, Union Minister Dharmendra Pradhan said today.

07 Jul 2014

Gas allocation to be rejigged, CGD projects to get 1st priority

Presently, urea-manufacturing fertiliser plants have the first right over the domestically produced gas, followed by LPG plants and power stations.

Foreign Investment

17 Jun 2014

India plans to ease foreign investment in oil, gas sector

With foreign investment almost drying up in India's oil and gas sector, Petroleum Minister Dharmendra Pradhan on Tuesday promised an overhaul to make policies predictable, transparent and fair to investors.

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