The Oilfields (Regulation and Development) Amendment Bill, 2024
On 24th March 2025, Rajya Sabha passed the Oilfields (Regulation and Development) Amendment Bill, 2024. It was earlier passed by the Lok Sabha. The Bill amends the Oilfields (Regulation and Development) Act, 1948.
- The Bill aims to modernize the legal framework to attract investors, enhance oil and gas exploration, and contribute to India’s energy security and economic development.
Key Amendments
- Simplified Regulatory Framework: Transitions from a multi-license system to a single permit system (Petroleum Lease) for all hydrocarbon operations.
- Increased Investor Confidence: Establishes a stable, predictable legal framework with efficient dispute resolution mechanisms.
- Promotion of New Technologies: Facilitates adoption of Carbon Capture Utilization ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Overseas Mobility (Facilitation and Welfare) Bill, 2025
- 2 Greenhouse Gases Emission Intensity Target Rules, 2025
- 3 Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Amendment Rules, 2025
- 4 Guidelines for Co-location of Anganwadi Centres with Schools
- 5 Annual Licensing Policy for Cultivation of Opium Poppy
- 6 Centre Notifies New Methodology to Calculate Green Credit under GCP
- 7 Environment Audit Rules, 2025: Boosting Environmental Accountability in India
- 8 Immigration and Foreigners Act, 2025
- 9 Acts to Modernise India’s Maritime Sector
- 10 The Promotion and Regulation of Online Gaming Act, 2025
