March 13, 2025 12:02 PM

Lok Sabha passes Oilfield (Regulatory and Development) Amendment Bill, 2024

The Lok Sabha passed the Oilfield (Regulatory and Development) Amendment Bill, 2024, on Wednesday, marking a significant step in reforming India’s oil and gas sector. The bill, earlier passed by the Rajya Sabha on December 3, 2024, aims to modernize the regulatory framework to attract more investment and boost exploration and production in the oil and gas industry. The amendments are designed to enhance energy availability, accessibility, affordability, and security, contributing to India’s...