FG Begins 2024 Bid Round, Puts 12 Greenfield Oil Blocks On Offer
The federal government said it has commenced the process for the 2024 oil bid round with 12 oil blocks on offer and seven deep offshore blocks from last
Source: leadership.ng
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UK Oil Regulator Publishes New Emissions Reduction Plan
The NSTA said the plan 'places electrification and low carbon power at the heart of emissions reduction'.
Source: rigzone.com
UK Could Block New Oil Projects if Operators Fail to Cut Emissions
The UK government could block new oil and gas projects in the North Sea if operators fail to cut emissions.
Source: oilprice.com
PLI For Petroleum: Ministry calls for PLI scheme to boost petroleum output, ET Auto
PLI For Petroleum: The report didn't have more details on the idea of production-linked incentives in oilfields. Current government policies provide incentives to companies deploying enhanced recovery techniques in maturing fields. A gas pricing policy introduced last year permits a 20% premium over the government-set price for the additional volume ONGC and Oil India may produce from their legacy fields.
Source: indiatimes.com
Ministry calls for PLI scheme to boost petroleum output
The report didn't have more details on the idea of production-linked incentives in oilfields. Current government policies provide incentives to companies deploying enhanced recovery techniques in maturing fields. A gas pricing policy introduced last year permits a 20% premium over the government-set price for the additional volume ONGC and Oil India may produce from their legacy fields.
Source: indiatimes.com