Search Result for : Nelp

The Dollar Business Bureau Union Oil Minister Dharmendra Pradhan said that India is taking a lead for creating an alliance of gas importers all over the world for ‘reasonable and affordable pricing’. Pradhan told the reporters, "We must have cooperation between all the LNG (Liquefied Natural Gas) and gas consuming countries, we must create a situation for a reasonable, rational and affordable price. India is taking the lead to create a network between these major gas consumers.” He added that calling gas an important fuel will be an important constituent for the country’s energy basket. The state-run GAIL is taking a lead in the negotiations between companies at the international level. GAIL is already in contact with the companies in South Korea and Japan. ...

The Dollar Business Bureau Starting the first roadshow to auction the 46 discovered small gas and oil fields, Dharmendra Pradhan, Minister for Petroleum and Natural Gas on Monday said that he is confident of receiving good response for blocks that are being auctioned with minimum conditionalities. Pradhan promised transparent regulations and better ease of doing business in the allocation of the blocks. “The present auction, as well as the newly declared Hydrocarbon Exploration and Licensing Policy (HELP), are both noteworthy improvements over the former New Exploration Licensing Policy (NELP) regime,” he added. “The purpose to shift from NELP to HELP is to make administrative and fiscal systems that are simpler and more transparent,” the minister said.As these blocks have no criteria for ...

Hydrocarbon Exploration Licensing Policy (HELP) brings in place a uniform license initiative (single license) for exploration & production The Dollar Business Bureau The new revenue model proposed under the new policy intends to replace the present method where the production sharing is based on the recovery costsIn a progressivemove, the Union Cabinet chaired by Prime Minister Narendra Modi on Friday, announced some major policy measures for domestic petroleum and hydrocarbon sectors. These include approval of Hydrocarbon Exploration Licensing Policy (HELP), ensuring pricing and marketing freedom for gas produced from deep waters, high-temperature areas and a policy for grant of extension to Production Sharing Contracts (PSC) for small, medium-sized and discovered fields. Through HELP, the government brings in place a uniform license initiative (single ...