- Nelp-VII opens sector to new kids on the block
The oil and gas sector is hotting up with companies from unrelated businesses planning to jump into the black gold hunt.
- Global majors line up for oil exploration under Nelp-VII
Global oil firms, including ENI, Total, MOL, Mittal, BP, StatoilHydro and Harvest Natural, have expressed interest in the new round of Indi...
- Eyes bigger Nelp-VII play
GAIL (India) is keen to assume a broader role in the New Exploration & Licensing Policy-VII (NELP-VII).
- Exxon likely to bid for oil blocks in NELP-VII
After staying away from the first six rounds, world’s largest publicly-traded oil and gas company ExxonMobil is likely to participate in th...
- Nelp-VII makes special offer for small investors
The government is expecting to attract $3.5 billion investments in oil and gas exploration under the seventh round of new exploration licen...
- India hopes to attract $4 bn investment in oil exploration
India expects to attract at least four billion dollars of investment in oil and gas hunt in the seventh round of auction of acreage under N...
- 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...
- Govt defers launch of NELP-VII again
Government has pushed back by a month the launch of the much-delayed seventh round of auction of oil and gas areas under New Exploration Li...
- Oil firms may need foreign buoys to take Nelp-VII
Domestic oilcos that would bid for blocks in the seventh round of new exploration licensing policy (Nelp-VII) may fail to qualify on their ...
- Bidding for NELP VII set to kick off on Nov 5
The government is all set to announce the seventh bidding round for exploring about 75-85 oil and gas blocks under the New Exploration Lice...
- LN Mittal group inks MoU for refinery in Visakhapatnam
After forging a joint venture with HPCL to set up a refinery in Punjab, LN Mittal group has signed a memorandum of understanding (MoU) with...
- Oil & gas exploration licensing policy in November
The auctioning of 80-85 oil and gas blocks for exploration and production in the seventh licensing round under New Exploration Licensing Po...
- NELP VII blocks' auction to begin from November
Auction for around 80-85 NELP VII blocks would begin from November this year.
- Terror worries may take toll on oil hunt
Terrorism and naxalism have begun to cast their shadow on oil and gas exploration activities in the country.
- Past may not come to haunt Nelp-VII bidders
The past will not matter any more for oilcos seeking to strike black gold in the country’s sedimentary basins.
- Nelp-VII not to let cos rebid for relinquished blocks
ONGC, Reliance and the Niko-OIL combine, which relinquished high prospective oil and gas blocks in the past two years, would be barred from...
- Govt may kick off Nelp-VII in March
The government has drawn up ambitious plans of kicking off the seventh round of the New Exploration Licencing Policy (NELP) - a bidding rou...