India opens biggest oil, gas block bid round; 25 blocks on offerIndia has launched its largest oil and gas bid round, offering 25 blocks covering 1.91 lakh square kilometers, mainly offshore. This move a...
Cairn Oil & Gas makes discovery in Rajasthan blockThe discovery has been named 'Durga'. The firm said the approval of the block oversight panel, called the Management Committee, has also be...
USD 75 million investment so far in four OALP bid rounds, according to DGHIn a bid to expedite oil and gas exploration and raise domestic production, the government had in 2018 launched the first bid round under t...
ONGC wins 7 oil blocks, OIL 4 in latest bid roundThe government had offered 11 blocks for exploration and production of oil and gas in the fifth bid round under the Open Acreage Licensing ...
Govt extends oil block bid deadline to June 30So far, the government has awarded 94 blocks in four OALP bid rounds in the last two-and-a-half years. These 94 blocks cover an exploratory...
Govt extends oil block bid deadline to June 10The government has extended the last date of bidding for the 11 oil and gas blocks on offer in the fifth exploration bid round to June 10 i...
Oil, gas bid deadline extended; bid rounds mergedThe fifth bid round under Open Acreage Licensing Policy (OALP) opened in January and was to initially close on March 18. However, the bid d...
Last date for bidding for oil, gas blocks pushed back a month to April 16The 5th bid round under Open Acreage Licensing Policy (OALP) opened in January and was to close on March 18. "Bid closing date for the Indi...
India offers 7 oil, gas blocks for bidding under OALP-IVOALP-IV is the first round being held on revamped terms approved in February 2019.
India's overhauled oil policy unlikely to be a game-changer: Wood MackenzieIn the overhauled policy, more importance has been given to work programmes rather than revenue shared with the government.
OIL signs contract for 12 oil blocks; Vedanta 10, ONGC 8It had won a total of 53 oil and gas blocks under the government's open acreage licensing policy (OALP) and Discovered Small Field (DSF) ro...
Vedanta to invest USD 245 mn in 10 oil, gas blocksThe firm won 10 blocks - 7 onshore and 3 offshore, in the Open Acreage Licensing Policy (OALP) Round-II and III, winners of which were anno...
Reliance-BP makes 1st bid for oil block; Vedanta bids for 30, ONGC 20India had in July 2017 allowed companies to carve out blocks of their choice with a view to bringing about 2.8 million sq km of unexplored ...
Government defers oil block bid deadline by a month to May 15The government had in January offered 14 blocks in OALP-II bid round and a month later offered another 23 oil and gas blocks and coal-bed m...
Govt defers bid deadline for OALP-II by a month to April 10Bids for the 14 blocks offered in OALP-II bid round, covering an area of 29,333 square kilometres, were to close Tuesday.
India offers 23 oil blocks in OALP-III bid roundIn OALP-III, 23 blocks in 12 sedimentary basins are being offered. Of these, five are coal-bed methane (CBM) blocks. Total area on offer is...
Government signs OALP-1 contracts with Vedanta, ONGCThe 55 blocks hold an estimated Rs 1.45 lakh crore worth of hydrocarbon resources.