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HYDROCARBONS AUCTIONS
India must speed up domestic resource production amid global supply risks: VedantaAmid rising geopolitical tensions around the Strait of Hormuz and growing global competition for critical minerals, Vedanta Group has said ...- 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...
- CBM licensing round draws few biddersThe latest coal bed methane (CBM) licensing round saw a disappointing turnout, with seven of thirteen blocks receiving no bids and four att...
- Major Coal India arms report drop in production in FY26Coal India subsidiaries BCCL, CCL, WCL, and MCL saw production drop in FY26. This occurred as India increased coal reliance due to global g...
- Vedanta’s Anil Agarwal flags land, clearances, high premiums as key hurdles to mine operationalisationVedanta Chairman Anil Agarwal points to land acquisition issues, delayed clearances, and high mining premiums as major hurdles. He urges fa...
- Exploration licensing bid date pushedSome of the previous licensing rounds have also witnessed multiple bid submission deadline extensions, which are made in the hope of attrac...
- Government extends deadline for bid submission in eighth round of oilfield auctions to July 5The government has extended the deadline for bid submission in the eighth round of oilfield auctions to July 5, according to a notification...
- Vedanta bags 41 oil & gas blocks in maiden open acreage auctionUnder the policy, companies can express interest in specific blocks round the year. The government aggregates these interests over six mont...
- India launches first auction of exploration blocks under new licensing policyThe new licensing policy aims to raise local output by replacing many previous rules that only incrementally boosted output but caused seve...
- First auction of exploration blocks in eight years to be held tomorrowThis will be the first auction under the new Hydrocarbon Exploration Licensing Policy, which lets companies carve blocks of their choice.
- First round of oilfield auctions to end by March; award of blocks by JuneGovt has received 57 expressions of interest (EoIs) for the first round of auctions; DGH is on course to launch auction & award blocks.
- mjunction to build platform for oil sector biddingDGH is the nodal agency under the ministry of Petroleum and Natural Gas for allocation of oil and gas fields to interested bidders for expl...
- Government to offer incentives to companies keen on developing oil and gas blocksThe govt will accept an expression of interest from investors in two six-monthly windows-- ending in June and Dec -- following which the in...
- India announces new licensing policy to boost oil outputThe world's third-largest oil consumer will conduct auction of oil and gas blocks under the Open Acreage Licensing Policy (OALP) twice a ye...
- Oil block auctions under Hydrocarbon Exploration Licensing Policy by early next yearOfficials at the oil ministry and its technical arm, the Directorate General of Hydrocarbons, are now figuring out every operational detail...
- Non-energy companies showing interest in oil & gas fieldsThe government is offering 46 contract areas with 67 oil and gas fields, estimated to hold over 625 million barrels of oil and gas spread o...
- BP opposes oil ministry's proposed revenue-sharing model of hydrocarbon auctionLast month, the oil ministry had proposed the new system as part of a slew of planned reforms and sought comments from stakeholders.
- Proposal to free gas pricing aimed at increasing transparency: Dharmendra PradhanIn this regard, the government has initiated a consultative process, seeking comments from all stakeholders on a slew of reform proposals.
- Auction of six shale gas blocks likely this yearSix shale-gas blocks with estimated reserves of over 50 billion cubic metres are likely to be put up for sale this year.
- NELP VII blocks' auction to begin from NovemberAuction for around 80-85 NELP VII blocks would begin from November this year.
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