Monday, December 5, 2022
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PSC

Oil ministry seeks review of windfall tax; wants certain fields exempt

Ministry has argued that windfall profit tax on domestically produced crude oil goes against the principle of fiscal stability provided in contracts

DGH overhauls PSC for NELP/Pre-NELP blocks, reduces paperwork

The Directorate General of Hydrocarbons (DGH) has limited the number of statutory approvals required for oil and gas blocks under NELP and pre-NELP regime

Delhi HC: Govt can ask Vedanta for 10% higher profit from Barmer block to extend PSC

The govt can demand 10 percent higher share in the profit derived from oil produced by Vedanta from the Barmer oil field to extend the PSC for another 10 years, said the HC

Govt brings in 3 important natural gas marketing reforms to cut import dependence

The objective of the three-pronged natural gas marketing reforms is to give an impetus to the gas economy and cut India’s dependence on imports

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