ASSAM HYDROCARBON POLICY
Hardeep Puri hails Assam Hydrocarbon Policy as landmark initiative; policy comes into force
Welcoming the policy, Puri said the initiative would put the Northeast on the path of fast-paced development while helping unlock Assam’s untapped hydrocarbon potential.
Assam Cabinet clears 8 new co-districts, youth welfare department, new labour rules
Assam Cabinet meeting has approved operationalization of 8 new Co-Districts with its head quarter at a central location, to be identified by District Commissioners in consultation with the Guardian Minister of the concerned District.
Assam secures Rs 1 lakh cr investment commitment in first year at WEF
Sarma said Assam, or for that matter any state from the northeastern region, has come to Davos for the first time, and it has been an enlightening experience, and it will help us in framing policy and bringing more investment to our state.
Assam Cabinet approves notifying the exemption of Hydrocarbon exploration with Assam Reclassification Act
Assam Cabinet has approved exemptions for hydrocarbon exploration, streamlining land availability and boosting energy security. Financial sanction of Rs. 342 crores was approved for tea garden workers' financial assistance scheme, benefiting around 7 lakh workers. Land leases were granted to Global Health Ltd., Lineage Healthcare Ltd., and RJ Corp Ltd. to incentivize healthcare and hotel infrastructure development.
Adani Group, Mukesh Ambani's Reliance Industries to invest Rs 50,000 cr each in Assam
Adani and Reliance Industries have each committed to investing Rs 50,000 crore in Assam at the Advantage Assam 2.0 Summit. Mukesh Ambani announced plans for an AI-ready Data Center, among other projects. Adani Group’s investments will span various sectors, including infrastructure and renewable energy. Tata and JSW are also set to invest significantly in the state.
Vedanta pledges ₹50,000 cr for Assam's oil & gas boom
Vedanta Group’s Cairn Oil & Gas commits ₹50,000 crore to oil and gas exploration in Assam and Tripura, enhancing local infrastructure with world-class E&P facilities. Prominent initiatives include setting up Nand Ghars, handloom skill centers, and digital classrooms. The project is set to produce 100,000 barrels per day, creating significant employment opportunities and promoting clean energy.
- Go To Page 1
Act East policy boosts regional cooperation: Northeast India's economic corridors explored in roundtable conference
Act East Policy Affairs Minister Chandra Mohan Patowary highlighted the positive impact of the Act East Policy, spearheaded by Prime Minister Narendra Modi, on India's engagement with its Eastern neighbors. The relationships with Bangladesh and Bhutan have seen enhanced cooperation in trade, transit, and water resources management. Patowary attended the inaugural session of "Act East through Northeast 2.0," aiming to explore opportunities for the Northeast region and develop economic and cultural connections with Southeast Asian countries.
Cairn Oil & Gas commences gas flow from Hazarigaon field in North-East
Additionally, the gas cascading system will enable gas from Hazarigaon to be a prime contributor in fueling 100 CNG buses that will be plying in Guwahati as part of the clean energy initiative of the Government of Assam.
India-Bangladesh trade portal launched to enable B2B collaboration
Bangladesh is focused on improving people-to-people contact and strengthening connectivity to improve trade and business through waterways, railways, and airways, Bangladesh’s Information and Broadcasting Minister Dr. Hasan Mahmud at an event organised by the Indian Chamber of Commerce.
Numaligarh Refinery finalizes insurance coverage for MMTPA integrated Refinery Expansion project
NRL stated that the policy provides comprehensive coverage to both the refinery expansion as well as the cross country pipeline (length 1640 Km) from Paradip, Odisha to Numaligarh along with a Crude Oil Import Terminal at Paradip, Odisha for receipt of imported Crude Oil.
Allow the refineries in Assam to go ahead with 20 per cent ethanol blending: Himanta Biswa Sarma
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri, while speaking at the investors’ meet, said that North Eastern region of the country is one of the most promising regions of the country in terms of economic potential.
Assam CM Himanta Biswa Sarma urges PM Modi to transfer ONGC's northeast acreages to OIL
North Eastern Region and hence the focus of OIL on E&P in this region is undivided OIL is born in Assam and has been operating there over several decades. The interaction of Oil India with the local populace is commendable.
OIL says its acquisition of NRL shares will ensure energy security of India
Bharat Petroleum Corporation Ltd on March 25 sold its entire 61.5 per cent stake in NRL to a consortium of OIL and Engineers India and the Assam government for Rs 9,876 crore.
Assam's Commerce Minister calls upon top global companies to invest in the state
The Minister called upon the industries to invest in Assam and instructed the officials to fast track all investment proposals and assured of customised support with a dedicated team of officers for each company.
Assam industry minister interacts with members of the Malaysia India Business Council
Patwary hoped that with the visit of the Malaysian delegation, potentialities for a closer relationship shall blossom fully in the future. He highlighted the strengths and opportunities of the State and called upon the Malaysian delegation to invest in sectors like tea, hydrocarbons, transportation, food processing, bamboo, agar and infrastructure and skill development.
Government reverts back to old system of awarding oil and gas blocks
The new system of awarding blocks in not so prolific areas will replace a two-year-old method of awarding.
India offers Rs 1 lakh crore of oil, gas resources in DSF-II round
The bidding for 59 fields will begin in the first week of September and will close on Dec. 18. The contracts will be awarded in January, oil minister Dharmendra Pradhan said.
First auction of exploration blocks in eight years to be held tomorrow
This will be the first auction under the new Hydrocarbon Exploration Licensing Policy, which lets companies carve blocks of their choice.
ONGC, OIL clear air over auctions in Assam via advertisements: Government
Strikes and blockages by some students' unions, among others, that crippled oil and gas output of Oil India Ltd (OIL) and ONGC were organised in Assam last month.
No development work in North East in past 70 years : Dharmendra Pradhan
"In the last 70 years, people are claiming of doing this or that. But the fact is students of Assam had to agitate for their own resources," Pradhan said.
Cabinet may consider shale oil and gas exploration policy
The shale gas policy is listed on the agenda of the Cabinet Committee on Economic Affairs meeting tomorrow, official sources said.
Cairn India seeks right of first refusal over Rajasthan block
Cairn India has asked the Oil Ministry for rights to explore for unconventional shale gas in its prolific Rajasthan block.
DIPP turns down oil companies like ONGC, Oil India, Jubilant Energy and Assam Company demand for sops on N-E activities
The department of industrial policy and promotion (DIPP) has turned down the proposal saying oil and gas explorers do not manufacture products.
Shale gas exploration policy in next 10-15 days: M Veerappa Moily
Moily said he has formed an expert committee under Vijay Kelkar to suggest roadmap for cutting India's dependence on imports to meet its oil needs.
5th seminar on hydrocarbon industry in North East inaugurated in Guwahati
The 5 th seminar of Hydrocarbon Industry Growth Prospects & Challenges in North East was ceremoniously inaugurated by Professor Gautam Barua, Director IIT, Guwahati, board member of IOCL and OIL, amidst a large gathering of members of hydrocarbon industry.
Energy firms such as ONGC, OIL urge govt to extend NE Industrial and Investment Promotion Policy to exploration and production business
Energy firms have urged the government to include oil and gas exploration and production (E&P) business in the list of industries getting fiscal incentives in the North East.
India to launch shale gas exploration bid during 12th Plan
Oil Secy G C Chaturvedi said India's gas demand is likely to rise from 290 mn standard cubic meters per day in 2012-13 to 470 mmscmd in 2016-17.
Shale: A home remedy for India’s gas problem
Taking a cue from the US, India is seriously looking at the unconventional shale gas, which, if successful, could mean a substantial improvement in the country’s energy outlook within the next few years.
Assam Co inks MoU for Rs 2k-cr SEZ in Gujarat
Amid the countrywide furore over special economic zones (SEZs), Assam Company has signed an MoU with Gujarat State Petroleum Corporation (GSPC) to set up a Rs 2,000-crore hydrocarbon SEZ in Gujarat.
Load More
