On March 12, 2025, the Lok Sabha passed a bill aimed at amending the current law governing the exploration and production of oil and gas. The amendment also seeks to separate petroleum operations from mining operations.

BulletsIn

• The Lok Sabha passed the Oilfields Amendment Bill on March 12, 2025.The bill aims to amend the law on exploration and production of oil and gas.
• It separates petroleum operations from mining operations.
• The move is intended to streamline the regulatory framework for oil and gas exploration.
• The bill aims to improve operational efficiency and oversight of petroleum activities.
• It aims to enhance transparency in the sector and ease regulatory processes.
• The separation of petroleum from mining operations aims to avoid conflicts in regulations.
• The bill is expected to benefit oil and gas companies by simplifying operations.
• The amendment aligns with India’s long-term energy security and sustainability goals.
• The bill is now set to be reviewed by the Rajya Sabha for final approval.