Budget 2016-17: Mixed bag of measures for oil and gas industry

The Union budget for 2016-17 has brought in a mixed bag of measures for the oil and gas sector.
8Gas prices for deepwater discoveries are to be raised and pegged to the landed price of "alternative fuels". This may spur..http://goo.gl/WNluOb

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Budget 2016-17: Clarifications needed on new "ceiling price" formula for domestic gas
Budget 2016-17: Will all gas discoveries be covered?
Budget 2016-17: Fixing the gas price will not be enough to boost E&P investment
Budget 2016-17: The PSC will have to be made more flexible
Budget 2016-17: IT Act amendment to tempt foreign companies to invest in strategic storage facilities will need supplementary changes in other Acts
Budget 2016-17: Investors in strategic reserves seek full tax exemption and unfettered entry and exit
Budget 2016-17: New cess rate does not go down well with ONGC and OIL
Budget 2016-17: CST Act amended to smoothen contractual movement of gas
Budget 2016-17: Other measures taken in the budget
Budget 2016-17: Domestic ship repairing gets a boost, so does the shipping industry
Budget 2016-17: Public sector spending to go up
Budget 2016-17: Rs 2000 crore for LPG connections for poor will just not be enough
Budget 2016-17: Most rural households cannot afford LPG
Budget 2016-17: The government has a lot to learn on how to push LPG to the poor