Energy in India Current Affairs, GK & News

India target to become ‘Energy Independent’ by 2047

Prime Minister Narendra Modi while addressing the nation on August 15, highlighted India’s target to become ‘energy independent’ by 2047, when India will be celebrating 100th year of Independence. Highlights India targets to become energy independent through a mix of electric mobility, gas-based economy and mixing ethanol in petrol. Prime Minister highlighted his target of ..

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Hydrocarbon Exploration and Licensing Policy (HELP)

The Union Cabinet has approved the Hydrocarbon Exploration and Licensing Policy (HELP). Four main facets of this policy are: uniform license for exploration and production of all forms of hydrocarbon, an open acreage policy Easy to administer revenue sharing model and Marketing and pricing freedom for the crude oil and natural gas produced. The decision will enhance domestic ..

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HPCL become first Indian Oil Marketing Company (OMC) to launch lubricants in Myanma

The Hindustan Petroleum Corporation Ltd (HPCL), the public sector undertaking , has become the first Oil Marketing Company (OMC) from India that has started marketing lubricants in Myanmar and has chosen commercial hubs of Yangon and Mandalay.

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R N Choubey: New head of DGH

Government appoints Rajiv Nayan Choubey, a senior bureaucrat,1981batch IAS officer of Tamil Nadu cadre, as Director General, Directorate General of Hydrocarbons (DGH). He will be the first bureaucrat to head the highly technical arm of the Oil Ministry, which has been blemished in controversies for the past few years. Earlier, Mr.Choubey has served as Development ..

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Govt disallows $1.24 bn RIL cost recovery

The Petroleum Ministry disallowed the RIL’s (Reliance Industries Ltd) $1.24 billion cost recovery from its investment in the KG-D6 field, in the Krishna-Godavari (KG) basin. RIL has already taken the government to the Supreme Court over its inability to nominate an arbitrator over the issue of cost-recovery. Why Govt’s Notice to RIL? A Notice was ..

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