Psc

Reliance Industries faults Shah panel engagement on gas dispute

The letter said Reliance Industries does not accept the premise that the government can appoint a committee, or can deal with any issues on the dispute by constituting a panel

Oil Ministry clears development of discoveries worth Rs 1.5 lakh cr

Ending months of logjam over discoveries mired in contractual disputes, the Oil Ministry has used the recently granted freedom to clear development of oil and gas discoveries worth about Rs 150,000 crore.

Tax holiday proposed for oil block auction to woo global cos

The ministry recommended shifting to a revenue-sharing model from the current production sharing contract (PSC) framework, which allows explorers to recover their costs from commercial discoveries before sharing profit with the government.

Oil Min sanctions 'scrupulous' action against RIL

The ministry took this decision following the natural gas output from the company's KG-D6 fields falling below target.