Oil companies face new rules
Mar 21, 2006
Wednesday December 11, 2013
BHP Billiton Ltd, the world's largest miner, in October said it has exited nine out of its 10 oil and gas exploration projects in India as it could not start operations for want of defence approval.
Monday April 8, 2013
Finance Minister P Chidambaram today said over 340 projects are held up for some reasons or the other and expressed his commitment to remove bottlenecks hampering their implementation.
Sunday April 7, 2013
After clearing 5 "No-Go" areas for oil and gas exploration, the Cabinet Committee on Investment (CCI) will this month ease stringent conditions imposed by Defence Ministry on 31 other blocks.
Sunday March 17, 2013
Foreign investment in India would get a boost once the new Cabinet Committee on Investment (CCI) starts clearing projects to the tune of Rs 50,000 crore in the next fiscal year, says a top finance ministry official.
Sunday February 17, 2013
Allaying fears of delay in clearances, India today promised foreign investors that it will approve oil and gas projects "in 30 days flat" as it invited Gulf businesses to take advantage of investment opportunities in the country.
Raj Kumar Sahu | Tuesday January 29, 2013
The Cabinet Committee on Investment (CCI), meant to expedite the clearance process for infrastructure projects worth Rs. 1,000 crore or more, is likely to meet for the first time in the next eight to 10 days.
Tuesday October 2, 2012
"Essar Projects, as a whole, had clocked around Rs 11,000 crore turnover last year. The minerals and metals business unit contributed Rs 2,900 crore and this is likely to go past Rs 10,000 crore in five years when Essar Projects' turnover will exceed...
Wednesday March 21, 2012
The Oil and Natural Gas Corporation (ONGC) will invest Rs 200 crore in two projects of oil and gas exploration in Bihar's Kishanganj district over the next three years.
India | Press Trust of India | Thursday February 16, 2012
The Unique Identification Authority of India (UIDAI) has begun two-pilot projects that would allow public sector oil marketers to make Liquefied Petroleum Gas (LPG) transfers as well as getting mobile connectivity easier and transparent for consumers...
Thursday December 1, 2011
State-owned Oil and Natural Gas Corp (ONGC) is investing nearly Rs 25,000 crore in bringing to production nearly a dozen marginal oil and gas fields by 2014.