Irrespective of the basins, producers will get complete marketing and pricing freedom for oil and gas in future bid rounds
The Centre launched the bid round II under Discovered Small Fields policy last month
India is estimated to hold 42 billion tonnes or 315 billion barrels of oil and gas resources
Participants in the original rounds of privatisation are unhappy with key changes in production sharing contracts that are up for renewal
Sees viability issues for greenfield refinery projects, impact on GRMs
BPCL, HPCL and IOC were up between 2% and 3% on the BSE.
Ignorance, negligence, carelessness and dereliction of duty besides equipment failure have led to the incidents: HPCL
It announced that contracts for all acreages with reserves worth Rs 70,000 crore are likely to be placed by January 2017