Oil on the boil

Source: Business Standard Relevance: Understanding how global crude oil prices impact India Synopsis: India should gradually move away from an over-reliance on imports for its crude oil and gas requirements. Possible solutions. Impact of energy demand Energy prices are likely to stay elevated due to demand from a rapidly recovering global economy, even if the… Continue reading Oil on the boil

Open Acreage Licensing Programme (OALP)

News: Ministry of Petroleum and Natural Gas signed contracts for 7 blocks, awarded under Open Acreage Licensing Programme (OALP) Bid Round – IV. Facts: Open Acreage Licensing Programme (OALP): Launched in 2016, OALP, is a part of Hydrocarbon Exploration and Licensing Policy (HELP).   It is aimed at enabling faster survey and assessment of areas with… Continue reading Open Acreage Licensing Programme (OALP)

Panel formed for better coordination among petrol, environment ministries

The Union government has set up a panel for better coordination among the Ministry of Petroleum and Natural Gas(MoPNG),the Ministry of Environment and Forest and Climate Change(MoEFCC) and the state governments. The panel will assist in speeding up hydrocarbon exploration-related clearances.The panel has Cabinet Secretary as chairman and secretaries of home,petroleum and environment will be… Continue reading Panel formed for better coordination among petrol, environment ministries