Order of the National Green Tribunal in the matter of Dr. Amit Kumar Vs State of Uttar Pradesh & Others dated 28/05/2025. The applicant has raised a grievance against setting up of a tyre pyrolysis plant by M/s Adideva Carbon LLP. According to the applicant, the tyre pyrolysis plant has …
Amidst a row over CAG audit of Reliance Industries’ KG-D6 gas block, the Rangarajan Committee has said official auditor CAG need not audit RIL’s CBM blocks as they are governed by different contractual regime. A panel headed by Chairman of Prime Minister’s Economic Advisory Council, C Rangarajan, said in its …
A panel headed by Prime Minister's Economic Advisory Council Chairman C Rangarajan has proposed creating a mechanism to carry out "concurrent audit" of blocks where companies have invested over $1 billion, enabling the government to keep a real-time vigil on the books of oil and gas producers. "(In cases) where …
The panel, headed by Prime Minister’s Economic Advisory Council Chairman C Rangarajan, was tasked to suggest design of future contracts for exploration and production of oil and gas The Rangarajan committee is believed to have suggested a complex pricing formula that will lead to near-doubling of the natural gas price …
The oil ministry has approved further exploration in Cairn India's operational oilfields in Rajasthan to increase production. “The proposal was pending with us for more than one and a half years. According to the existing PSC, the contractors are not prohibited for exploration in producing fields, however, we have given …
A committee headed by C Rangarajan, the head of the Prime Minister’s Economic Advisory, has suggested linking the price of domestically-produced natural gas to international benchmarks such as US’ Henry Hub as well as the average wellhead price at which India imports gas, government officials said. “The formula balances interests …
Fertiliser majors waiting to make investments in new urea plants have reasons to cheer as the government has promised, subject to a ceiling, it would cover the additional cost from natural gas imports given the paucity of domestic gas. Currently, the Asian spot price of the feedstock, which forms over …
For the past 29 months, the court case between NTPC and Reliance Industries (RIL) on two gas-based power plants in Gujarat has not come for hearing at the high court here. NTPC took RIL to court in December 2005, after the latter would not sign a gas sale and purchase …
The U.S. federal government on Wednesday announced a plan to manage energy drilling on part of Alaska's North Slope, with the 23-million-acre National Petroleum Reserve to be divided between areas available for oil and gas leases and those that are protected from development. The announcement by U.S. Interior Secretary Ken …
The fertiliser ministry has opposed Reliance Industries' demand for hiking the KG-D6 gas price in line with the Asian LNG spot price, effective from April 2014. The ministry wants the price to be not more than $8/mmBtu. RIL pitched for the gas price, post March 2014, to be about 10% …
Norway, which has led developed nations by investing billions of dollars to slow tropical deforestation, announced plans on Wednesday to step up its efforts as part of "first aid" to slow climate change. Prime Minister Jens Stoltenberg, whose country is rich thanks to offshore oil and gas, said new measures …
Global demand continues to be driven by Asian economies. India will increase its influence in coal markets thanks to large reserves Global coal demand will rise 2.6 per cent annually in the next six years and challenge oil as the top energy source, according to the International Energy Agency (IEA). …
The Gas Authority of India Limited (GAIL) has commenced reassessment of compensation to around 650 farmers in Tirupur district on whose land through which it would be laying underground pipeline to take liquefied natural gas from Kochi to Bangalore. “This exercise is taken up only with an aim to enhance …
India is likely to be the second largest consumer of coal, surpassing the United States, in the next five years, says a report. “China and India would lead the growth in coal consumption over the next five years...while India will become the largest seaborne coal importer and second—largest consumer, surpassing …
GAIL's nod for natural gas connection for ceramic and glass zone JAIPUR: RIICO's efforts to set up a ceramic and glass zone at Ghilot in Alwar got a fillip on Sunday with the Gas Authority of India Ltd (GAIL) agreeing to provide natural gas linkage to the project. The announcement …
EXPLORING REFORMS Wants cost-recovery clause removed, end to govt role in micromanaging fields, tax holiday extension The Rangarajan panel has recommended the end of the controversial system of oil firms recovering their costs from sale of oil and gas in all future contracts and suggested a transparent structure for sharing …
The committee for strict monitoring of KG D6 block operator The Parliamentary Standing Committee on Petroleum and Natural Gas has expressed its disappointment over the Petroleum Ministry’s failure to initiate penal action against Reliance Industries Ltd. (RIL) for its failure to achieve the production outlined under the Field Development Plan …
Policy aims to incentivise fertilizer cos to set up new plants The Cabinet Committee on Economic Affairs (CCEA), on Thursday, approved a urea investment policy, which is likely to incentivise fertilizer companies to set up new plants and expand existing capacity. India imports over 30 per cent of its urea …
The Natural Resources Defense Council (NRDC) released a proposal to reduce power plant pollution by 26 percent by 2020 and 34 percent by 2025. The plan's key component is that the EPA, partnering with states, would set new carbon pollution standards under the Clean Air Act. The benefits of the …
Block may contain over 100 million barrels of condensate or light oil and 3 trillion cubic feet of gas The government has given Reliance Industries the go-ahead to appraise its discovery in the Cauvery basin, enabling the company and its partner BP to prepare a field development plan and extend …
Stating that Reliance Industries Limited (RIL) had not granted full access to KG-D6 block records to Comptroller and Auditor General (CAG), Petroleum and Natural Gas Minister M. Veerappa Moily, on Tuesday, told Parliament that CAG had said that since full access to KG-D6 records was pending, the Petroleum Ministry should …
