FDP

Following the collapse of Germany's coalition government, some laws may still pass before the February election. The former coalition partners agreed on income tax relief, increased child benefits, and funding for discounted public transport. Howeve...

ONGC discovered oil near Asokenagar, West Bengal, six years ago and has made four additional discoveries since. However, development is stalled pending a petroleum mining lease from the West Bengal government, despite central government recommendati...

ONGC has started production from its fifth oil well in the Krishna Godavari basin, enhancing crude oil and natural gas output. This expansion follows the initial production from four wells in January 2024. The company aims for a peak output of 45,00...

ONGC and IOC signed an agreement to set up a small-scale LNG plant near the Hatta gas field in Madhya Pradesh.

German Finance Minister Christian Lindner expects up to 9 billion euros ($9.7 billion) in additional defence spending from 2028 if Germany can reduce its debt levels. The additional funds could be freed up if Germany gets its debt below an EU-set ta...

Germany's new immigration law, set to take effect in November, aims to attract skilled workers from non-EU countries with non-academic training. The law includes a points-based system that considers professional qualifications, age, and language ski...

The plan is part of Germany's 'energy transition' - an effort to wean Europe's biggest economy off planet-warming fossil fuels and generate all of the country's considerable energy needs from renewable sources. Achieving that goal is made harder tha...

“There are no restrictions on monetization of discovery at an early stage within these timelines (provided under the contracts); rather it would be in public interest that a discovery is monetized early as a step towards energy security of the count...

The overhaul looks to attract the elusive private and foreign investment to raise domestic output.

RIL-BP are currently producing from Dhirubhai-1 and 3 gas field and MA oil and gas field in the Bay of Bengal Block KG-DWN-98/3 or KG-D6.

GSPC is in a loss and to come out of the situation it plans to sell its 50 per cent stake to ONGC including its under water sea infrastructure to cover the losses.

"I am happy to share that after this approval, within a short span of less than 3 months, 30 long-pending issues have been resolved", he said.

Government permits 100 per cent foreign direct investment (FDI) in single brand retail and 51 per cent in multi-brand retail trading.

RIL-BP plan to quickly bring satellite fields in the KG-D6 block to production to help reverse the decline in output.

The operator is asked to expedite development of R-series discoveries to reverse falling output from the block, govt officials said.

Cairn India plans to invest $3 billion over the next three years in finding more oil and raising output from its showpiece Rajasthan oilfields.

Together with less than 5 mmsmcd of output from MA field, gas production from KG-D6 is around 16.5 mmsmcd.

RIL and BP have got government approval to prepare a plan to develop the third largest gas discovery in KG-D6 block that produce a little less than 15 million cubic meters of gas per day.

The government is set to approve Reliance Industries' long pending proposal to develop four satellite discoveries in the D6 block with some conditions on Tuesday.