Page-2 of Oil and Gas Sector
Cabinet approves Discovered Small field Round II
The Union Cabinet has approved second round of Discovered Small Field (DSF) auctions under Discovered Small Field Policy. The auction will offer total of 60 discovered small fields/un-monetized discoveries with an estimated 194.65 Million Metric tonnes of oil. Key Facts ..
Month: Current Affairs - February, 2018
Government to set up think tank for oil sector
The Union Government will soon get Cabinet approval for setting up of high-powered think tank under Ministry of Petroleum to look into key issues related to oil and gas sector. Besides, Petroleum Ministry also has send proposal to Union Cabinet ..
Month: Current Affairs - October, 2017
Cabinet approves Bilateral Investment Treaty between India and Belarus
The Union Cabinet has approved signing and ratification of Bilateral Investment Treaty (BIT) between India and Belarus on Investments. The Cabinet also approved Memorandum of Understanding (MoU) signed between India and Belarus in oil and gas sector. Bilateral Investment Treaty ..
Month: Current Affairs - September, 2017
ONGC discovers oil in Arabian sea near Mumbai High
State-owned Oil and Natural Gas Corporation (ONGC) has made oil discovery in WO-24-3 well located west of Mumbai High fields in Arabian Sea. The well is estimated to hold in-place reserve of about 20 million tonnes. The new discovery comes ..