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Govt launches Bid Round-I under the innovative Open Acreage Licensing Programme

NewDelhi : The Ministry of Petroleum and Natural Gas today launched the Bid Round-I under Open Acreage Licensing (OAL) Programme for international competitive bidding. The Launch event witnessed a pre-eminent gathering of industry captains, ambassadors, policy makers, bankers, leading professionals from E&P companies’ etc. totaling over 100 attendees. The landmark event was

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Government divests 2.52 % of paid-up capital in National Mineral Development Corporation

NewDelhi : The Government of India has successfully divested 2.52 % of paid-up capital in National Mineral Development Corporation (NMDC) for an amount of Rs. 1200 crore approx. (Rs. 980.05 crore from non-retail investors and Rs. 232 crore approx. from retail investors) through Offer for sale (OFS) mechanism. Originally, the disinvestment

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Global Oil Prices hit highest since 2014, oil min  asks states to reduce taxes

Bhubaneswar: In a development that could push the inflation and widen the current account deficit further, Global Oil prices hit their highest levels since 2014 owing to higher demand and production cut by the Organization of the Petroleum Exporting Countries (OPEC). The Brent crude oil has touched 69.19 a barrel,

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