Page-5 of Petroleum Sector
Union Government launches Sahaj Scheme for online booking of LPG cylinders
Union Government has launched Sahaj Scheme for online booking of LPG cylinders. It was launched by Union Minister for Petroleum and Natural Gas (Independent Charge) Dharmendra Pradhan as part of Government’s 2016-Year of the Consumers initiative. Features of Scheme Consumers ..
Month: Current Affairs - January, 2016
ONGC buys 15% stake in Russia's 2nd-largest oil field from Rosneft
State-owned Oil and Natural Gas Corporation (ONGC) has bought a 15 per cent stake in Russia’s second-largest oil field Vankor from Rosneft for about 1.35 billion US dollars. In this regard, ONGC Videsh Ltd (OVL) the overseas investment arm of ..
Month: Current Affairs - September, 2015
Union Cabinet approves MFP for Development of Hydrocarbon discoveries
Union Cabinet has approved Marginal Fields Policy (MFP) to aunction small and marginal unexploited hydrocarbon discoveries by state owned oil companies. Decision in this regard was taken by Union Cabinet Meeting chaired by Prime Minister Narendra Modi in New Delhi. Key ..
Month: Current Affairs - September, 2015
CCEA gives nod to Differential Royalty Payment to states on crude oil production
The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal for payment of differential royalty in respect of 28 discovered fields to the respective State Governments concerned. These 28 discovered fields were awarded by the Union Government to different ..
Month: Current Affairs - August, 2015
India, Nepal ink MoU on Raxaul-Amlekhgunj oil pipeline
India and Nepal have inked a Memorandum of Understanding (MoU) for the construction of Raxaul-Amlekhgunj oil pipeline. This pipeline will be the first of its kind project between two neighbouring countries in the SAARC region in the oil and gas ..
Month: Current Affairs - August, 2015
Union Cabinet approves MoU between India, Nepal for construction of petroleum pipeline
The Union Cabinet has approved a Memorandum of Understanding (MoU) between India and Nepal for construction of petroleum products pipeline from Raxaul (Bihar) in India to Amlekhgunj in Nepal. The MoU seeks to promote bilateral cooperation in the oil and ..