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HIMALAYAN FORELAND BASIN
ONGC says want foreign partners in new fields"ONGC is also looking into strategic relationships and close alliances with key international players through (overseas arm) ONGC Videsh," ...- Government asks ONGC, OIL to sell out 66 fields to private firmsGovt brought in a new system of bidding such as drilling of wells and shooting of seismic with the winner's only liability being payment of...
- Government reverts back to old system of awarding oil and gas blocksThe new system of awarding blocks in not so prolific areas will replace a two-year-old method of awarding.
- High-level panel for reverting to older system of auctioning oil blocksThe move to revenue sharing was contrary to most of the industry players being against the new regime.
- Oil PSU capex drops to 4-yr low for 2019-20Oil PSUs' capital expenditure has hit a four-year low despite govt's intention to raise domestic output.
- Asian Oilfields surges 5% on ONGC contract winThe scrip was trading 4.95 per cent up at Rs 83.70 at around 09.43 am.
- ONGC finds oil, gas reserves in Madhya Pradesh, West Bengal to open 2 new basins in IndiaONGC had previously opened six out of India's seven producing basins for commercial production. It is in the process of adding the eighth b...
- Reliance, ONGC may not get R&D tag for KK basin blocksRIL and ONGC may not get special R&D status for their 17 blocks in the Kerala-Konkan basin. There is a thinking in govt circles that such a...
- Law ministry check may delay Nelp-VII by a month: Changes in contractual terms proposed for the seventh round of the New Exploration Licensing Policy (Nelp-VII) have come under the law mi...
- Auctioning of oil & gas exploration blocks to start on Nov 5The government will launch the much-delayed seventh round of auction for oil and gas exploration blocks under NELP on November 5 by offerin...
- Bidding for NELP VII set to kick off on Nov 5The government is all set to announce the seventh bidding round for exploring about 75-85 oil and gas blocks under the New Exploration Lice...
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