May 6, 2016

Hydrocarbon Exploration and Licensing Policy (HELP)

On March 10, 2016 the Hydrocarbon Exploration and Licensing Policy (HELP) was approved by the Union Cabinet. HELP aims to provide for a uniform licensing system and to provide single licensing to cover all hydrocarbons such as oil, gas, coal…

November 6, 2015

National Exploration License Policy

The dismantling of the APM was followed by National Exploration License Policy 1997, which became effective in February, 1999. Since then licenses for exploration are being awarded only through a competitive bidding system and National Oil Companies (NOCs) are required…


Gas Pricing Formula Conundrum

The KG-D6 basin and CAG report controversy led to setup a panel under the C Rangarajan during the UPA regime to decide upon the rational gas pricing formula. The panel comes up with a formula of gas pricing which was…