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DEEPWATER EXPLORATION BLOCKS
India extends bidding deadline for deepwater oil and gas blocks for sixth timeIndia has extended the bidding deadline for deepwater and ultra-deepwater oil and gas blocks under the OALP-X and OALP-XI rounds to Septemb...- ONGC bets on gas-led growth as premium pricing boosts profitabilityONGC anticipates natural gas will drive its future growth and profitability. New high-priced gas production is set to increase significantl...
- Bangladesh launches fresh offshore oil, gas tender with sweeter terms for foreign firmsBangladesh is seeking foreign investment for offshore oil and gas exploration. The country aims to increase its domestic gas supply and les...
- Iran war crisis: With long-term vision, India could turn turmoil into triumphIndia confronts an economic crisis driven by global events. Import duties on gold and silver are an initial step. Policymakers warn of crun...
- Explained: Why Vedanta shares are up 4% after government's royalty cut on crude oilVedanta shares rallied after the Centre reduced royalty rates on crude oil and natural gas production, a move expected to lower costs for t...
- India cuts royalty burden on oil and gas producers in push for domestic outputIndia's Centre has lowered royalty rates for crude oil and natural gas production. This move aims to encourage more domestic exploration an...
- Govt awarded 172 oil & gas blocks in 10 years, but negligible output brings policy and execution into focusIndia's ambitious oil and gas policy has failed to boost domestic production. Despite billions invested and extensive exploration, only one...
- Drill India drill: Iran war triggers India’s boldest hunt for oilThe Iran war has pushed countries to prioritise energy self-reliance, with India accelerating an already underway shift toward boosting dom...
- India's top oil explorer ONGC signs MoU with France's TotalEnergiesIndia, the world's third biggest oil importer and consumer, ships in over 85% of its oil from overseas. The country wants to quickly moneti...
- Reliance, BP sanction third phase of KG-D6 blockTogether the three projects are expected to develop a total of about 3 tcf of discovered gas resources.
- ONGC Videsh to get stake in Myanmar oil and gas blockDespite losing out in competitive bidding, ONGC Videsh Ltd, the overseas arm of state explorer Oil and Natural Gas Corp, may still get a st...
- Reliance, Oil India win two oil blocks each in MyanmarReliance Industries won two of the three offshore oil and gas blocks it bid for in Myanmar while ONGC Videsh Ltd drew a blank in the two ar...
- GVK Infrastructure wants Rs 180 crore refund for surrender of gas blocksGVK Infrastructure said it is negotiating with the government for refund of Rs 180 cr spent on seven deepwater exploration blocks already s...
- GVK to go slow on oil & gas businessGVK Oil and Gas will go slow on investing further into development of seven deep-water blocks on the west coast.
- OVL’s Cuban deepwater block yields two oil & gas leadsONGC Videsh (OVL), the foreign investment arm of Oil & Natural Gas Corp (ONGC), has found two significant hydrocarbon (oil and gas) leads i...
- RIL looks to Shell, BP to bid for new oil blocksRIL may finalise one of these global majors as its strategic partner for exploration blocks in the seventh round of bidding under NELP. Rea...
- Govt seizes 5 blocks from truant RILIn a blow to RIL's exploration story, the government has confiscated the company’s five blocks in the Kerala-Konkan (KK) basin. List of Bil...
- ONGC seeks overseas alliance for deep water blocks in NELP-VIIPublic sector ONGC said it is in talks with overseas players for an alliance to bid for blocks offered by the government in the latest roun...
- RIL may get 5-yr extension for Kerala-Konkan explorationReliance Industries (RIL) may get additional five years for exploring oil and gas in a deepwater block in the Kerala-Konkan (KK) basin.
- Govt denies deepwater exploration for novicesTHIS could turn out to be a party pooper for aspirants of deepwater exploration blocks.
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