Hydrocarbon Exploration News - Latest Updates & Headlines
New Oil Field Amendment Bill has made small oil fields investor-friendly
New Delhi, March 20: The new Oil Field Amendment Bill 2024 has relaxed regulations for making small oil fields lucrative for investors. Under the provisions of the bill, the Discovered Small Fields (DSF) now gets several investor-friendly liberalised terms which are aimed at making operations more efficient and profitable.
Northeast has infinite opportunities in hydrocarbon space, says ONGC Chairman
Guwahati, February 27: Echoing the growth potential of the region during Advantage Assam 2.0 Investment and Infrastructure Summit 2025, ONGC Chairman and CEO Arun Kumar Singh reaffirmed its commitment to expanding exploration and production in the Northeast region.