UPSC Articles
Green clearance for onshore and offshore oil and gas exploration
In news:
The Environment Ministry has exempted oil and gas firms, looking to conduct exploratory drilling, from seeking an environmental clearance (both on-shore and offshore drilling explorations)
From Prelims Point of View:
Environment impact assessment (EIA):
- Environmental Impact Assessment (EIA) is a process of evaluating the likely environmental impacts of a proposed project or development, taking into account inter-related socio-economic, cultural and human-health impacts, both beneficial and adverse.
Oil and Natural Gas Corporation (ONGC):
- Indian Multinational Crude Oil and Gas Corporation
- It is the largest oil and gas exploration and production company in the country.
- It produces around 70% of India’s crude oil (equivalent to around 57% of the country’s total demand) and around 84% of its natural gas
- Maharatna status
