25 November Current Affairs quiz 2020| Daily current affairs in English today |

25 November current affairs quiz | Current affairs today | daily current affairs in english quiz is based on GKToday's Current Affairs 2020 quiz Series on Academy App here:

daily current affairs quiz 2020 | Current affairs today | gktoday monthly current affairs | current affairs in english
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daily current affairs | current affairs 25 November 2020 daily current affairs quiz | Current affairs today | daily current affairs quiz is based on GKToday's Current Affairs 2020 quiz Series on Academy App here:

daily current affairs quiz 2020 | Current affairs today | gktoday monthly current affairs | current affairs in english
#dailycurrentaffairs

daily current affairs | current affairs

[gunasagarmahananda]

Homework
1- Open Acreage Licensing Policy (OALP) is a policy that is a critical part of the Hydrocarbon Exploration(research) and Licensing Policy by providing uniform licences for exploration and production of all forms of hydrocarbons.

2- Hydrocarbon Exploration and Licensing Policy (HELP) is a policy that is introduced in the year 2016


It replaced the earlier New Exploration and Licensing Policy (NELP) which had Production Sharing Mechanism.

Aimed at - increasing the transparency and decreasing the administrative discretion in granting hydrocarbon licenses.


Thank you so much sir 🙏😊

[maths]

Very Sweat Good morning Sir.. ☺
Thank you so much. 🙏

[piyushhariramani]

Thx sir for providing day to day current affairs this is imp because I'm preparing for hm exam n for that I need day to day current affairs for my revision purpose ❤️

[srsisters]

The OALP, a critical part of the Hydrocarbon Exploration and Licensing Policy, provides uniform licences for exploration and production of all forms of hydrocarbons, enabling contractors to explore conventional as well as unconventional oil and gas resources.
Fields are offered under a revenue-sharing model and throw up marketing and pricing freedom for crude oil and natural gas produced.
🐼Hydrocarbon exploration and licensing policy, 2016 is the exploration and production policy of the Government of India in the hydrocarbon sector. The government adopted the policy in March 2016 in place of the New Exploration Licensing Policy 1997.HELP provides for a uniform licensing system that will cover all hydrocarbons such as oil, gas, and coal bed methane.

[chandrasheker]

Open Acreage Licensing Policy (OALP) gives an option to a company looking for exploring hydrocarbons to select the exploration blocks on its own, without waiting for the formal bid round from the Government.
Under Open Acreage Licensing Policy (OALP), a bidder intending to explore hydrocarbons like oil and gas, coal-bed methane, gas hydrate etc., may apply to the Government seeking exploration of any new block (not already covered by exploration).
The Government will examine the Expression of Interest and justification.
If it is suitable for the award, Govt. will call for competitive bids after obtaining necessary environmental and other clearances.

Hydrocarbon Exploration and Licensing Policy(HELP)
HELP provides for a uniform licensing system that will cover all hydrocarbons such as oil, gas, and coal bed methane.

[ratheshwarangaiyan]

Thank you sir ... for your wonderful lecture ... sir ur name plz

[EB-spgm]

sir, trivialize the videos by including non important topics like Africa Industralization day, toilet day, philosophy day, Pharmacy week. Video discussion should be like question which you discussed in Question regarding discussion on Ordinance

[vijayshokeen]

Open Acreage licensing Policy was declared by the union government in June 2017. Under it, potential investors choose the exact areas they are interested in, convey their interest to the government, which then places just those blocks up for bidding .
Companies are allowed to choose the areas in which they want to explore oil and gas, under OALP .After choosing the area, companies put in an expression of interest which are then put on auction by the government .

[debabratakundu]

Thank you very much, Respected Sir. Answer of today's questions ::: 1. Open Acreage Licensing Policy (OALP) - The OLAP was declared by the union government in June 2017.
Under it, the potential investors choose the exact areas they are interested in, convey their interest to the government, which then places just those blocks up for bidding.
Companies are allowed to choose the areas in which they want to explore oil and gas, under OALP. After choosing the area, companies put in an expression of interest which are then put on auction by the government.The process offers attractive and liberal terms like reduced royalty rates, no oil cess, marketing and pricing freedom, round the year bidding, freedom to investors for carving out blocks of their interest, a single licence to cover both conventional and unconventional hydrocarbon resources, exploration permission during the entire contract period, and an easy, transparent and swift bidding and awarding process.
Recently, the Government has launched the bidding process offering 11 areas in oil and gas blocks. The 11 blocks under Open Acreage Licensing Policy Round-V (OALP-V) are spread across 8 sedimentary basins and include eight on land blocks, two shallow water blocks and one ultra deep water block. OALP-V is expected to generate immediate exploration work commitment of around USD 400-450 million.It is a giant step towards improving the ‘Ease of Doing Business’ in the Indian Exploration and Production (E&P) sector.
2. Hydrocarbon Exploration & Licensing Policy (HELP) -- HELP was approved by government in March 2016 replacing New Exploration Licensing Policy (NELP). The new policy promises simpler rules, tax breaks, pricing and marketing freedom and is part of a government strategy to double oil and gas output by 2022-23.
Key Details of the HELP ::
(A) Uniform Licensing -- HELP provides for a uniform licensing system that will cover all hydrocarbons such as oil, gas, and coal bed methane.
(B) Revenue Sharing Model -- HELP provides for revenue sharing model, the government will receive a share of the gross revenue from the sale of oil, and gas, etc and will not be concerned with the cost incurred.
(C) Pricing -- HELP has marketing and pricing freedom. Before HELP, contracts were based on production sharing with possibility of gold plating (incorporation of costly and unnecessary features) the investment and causing loss to government by ‘manipulating profit’. To reduce the complexity of handling contracts, it was changed to revenue sharing.Under the new system, a graded system of royalty rates will be introduced. Under this system the royalty rates will decrease from shallow water to deep water to ultra-deep water areas.While fixing royalties, the present system does not distinguish between shallow water fields (where cost of exploration and risks are lower) and deep water fields (where cost and risks are higher).
(D) Open Acreage Licensing Policy (OALP) -- Under HELP, oil companies can select blocks of their choice under this Open Area Licensing (OAL) regime. Earlier it was the government which selected the blocks where oil exploration can be carried out. It will enable a faster coverage of the available geographical area.
(E) National Data Repository (NDR) is an integrated data repository of Exploration & Production data of the Indian sedimentary basins.
NDR will provide an important data resource In line with the Digital India initiative.
A bidder (an Indian or a foreign company) after studying the data through NDR can propose an Expression of Interest (EOI), throughout the calendar year in two windows without waiting for announcement of bids.
Advantages of HELP :: HELP provides for marketing freedom for crude oil and natural gas produced from these blocks. This is in tune with Government’s policy of “Minimum Government –Maximum Governance”. Under the earlier profit sharing methodology (NELP), it became necessary for the Government to scrutinize cost details of private participants and this led to many delays and disputes. HELP is in tune with Government’s efforts to promote ‘Ease of Doing Business’. The policy is also aimed at enhancing transparency and reducing administrative discretion. HELP marks the biggest transition from an era of government control to government support for upstream E&P in India. OALP removes restrictions on exploration by giving companies both the data and the discretion to explore areas of their choice.
Challenges of HELP :: The new policy has failed to attract interest from major players in the sector. From among major participants in the sector, only Reliance Industries has submitted an Expression of Interest (EOI). Pertinently, no foreign company has submitted an EOI.
The OALP provides discretionary powers to Directorate General of Hydrocarbons (DGH) to accept the area for which EOI has been submitted or alter/modify the area after due evaluation. In spite of such modification, EOI applicants will be obliged to participate in the subsequent bidding and obligation to participate will not be waived if the deviation in the area finalized by DGH to be put up for bidding is more than 50% of the area for which EOI is submitted.
Conclusion -- NELP due to inherent complexity of profit sharing model failed to attract large E&P players like Exxon Mobil, Chevron Corp., British Petroleum, and Shell etc.
The introduction of the concept of revenue sharing and freedom of marketing and pricing under HELP is in line with GOI's policy of – Minimum government, Maximum governance and Ease of doing business.HELP also intends to minimize GOI's discretion in decision making, reduce disputes, reduce administrative delays and thus stimulate growth in the oil and gas sector in India. Further, as NDR gets adequately updated, required technical information will be available at low cost, helping in promotion of healthy E&P activity.

[yashna]

Will these videos be sufficient for TISS net and TISS Mat?

[padminie]

Home work
1) Open Acreage Licensing policy
🔘OALP was approved by Union govt in June 2017.

🔘The OALP a critical part of the Hydrocarbon exploration and Licensing policy, provides uniform licenses for exploration and production of all forms of hydrocarbons, enabling contractors to explore conventional as well as unconventional oil and gas resources.

🔘Under the OALP once an explorer selects areas after evaluating National Data Respository (NDR) and submits the EoI, it is to be put up competitive bidding and the entity offering the maximum share of oil and gas to the govt is awarded the block.


2) Hydrocarbon Exploration and Licensing policy ( HELP)
🌻HELP was approved by govt in March 2016 replacing New Exploration Lincensing policy (NELP)

🌻The main feature of HELP are revenue sharing contract, single lincence for exploration and production of conventional as well as unconventional hydrocarbon resources, marketing and pricing freedom etc.

[mohitwatwani]

Sir is newborn mortality rate similar to infant mortality rate or it has different meaning?

[AdarshAsia]

NAMASTE DEAR SR..
1--Open Acreage Licensing Policy
The OLAP was declared by the union government in June 2017.
Under it, the potential investors choose the exact areas they are interested in, convey their interest to the government, which then places just those blocks up for bidding.
Companies are allowed to choose the areas in which they want to explore oil and gas, under OALP. After choosing the area, companies put in an expression of interest which are then put on auction by the government.

(a) The Hydrocarbon Exploration and Licensing Policy or HELP, approved by the cabinet in March 2016 is aimed at increasing the transparency and decreasing the administrative discretion in granting hydrocarbon licenses. The license will permit contractors to explore conventional and unconventional oil and gas resources that comprise shale gas/oil, CBM, gas hydrates and tight gas under one single license.

The successful roll-out of the HELP regime, followed by OALP Bid Rounds, has led to an increase in exploration acreages in India.
THANK YOU SO MUCH SR FO RTHIS AWESOME SESSION.

[neerajthakur]

Hindi current affairs video nhi hai kya sir

[NamgyalRai]

Can someone tell me if the quiz in app is for free?

[teddy]

🌟Open Acreage Licensing Policy(OALP)
*The government has replaced the New exploration and licensing policy (NELP) with Open Acreage Licensing Policy (OALP)
* OALP gives an option to a company looking for exploring Hydrocarbons to select the exploration blocks on its own, without waiting for the formal bid round from the government.
*Under OALP, a bidder intending to explore hydrocarbons may apply to the govt seeking exploration of new block(which is not covered earlier) then, government will examine the interest and will call for competitive bids for obtaining environment clearance .

🌟 Hydrocarbons Exploration and Licensing Policy (HELP)
* Hydrocarbons Exploration and Licensing Policy, 2016: Uniform licensing system which will cover all hydrocarbons (oil, gas and coal bed methane) under a single license and policy Framework.

Thank you sir 😇🙏