Oil exploration Current Affairs, GK & News

Arctic National Wildlife Refuge Oil Deposits

The Arctic National Wildlife Refuge is a wildlife refuge in the Alaskan region in the USA. It is the largest wildlife reserve in the USA. USA holds oil rights in an area called ‘1002 area’ in the coastal plains. The Arctic oil is a source of new rivalries among the countries and this has been ..

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China conducts military exercise in the disputed South China Sea

China is holding military exercise around Parcel Islands in South China Sea between July 1, 2020 and July 5, 2020. US has raised its concerns over the exercise in a disputed territory. What is the issue? The dispute of South China Sea involves both maritime and island claims among the sovereign states in the region ..

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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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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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India’s Global roadshows for Hydrocarbon projects

What are these roadshows? Minister of State for Petroleum Jitin Prasad was recently in North America for shows in tour for promotion & atttraction of investment in India;s petroleum assets. Rounds of auction are held. Here is a summary of recent road shows held at various places. Mr. Prasad held road shows in Calgary in ..

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