$300-400 million investment expected in latest oil, gas bid roundAs many as 21 blocks or areas are on offer in the Open Acreage Licensing Policy (OALP) Bid Round-VI, which will close for bidding on Octobe...
06 Aug, 2021, 03.57 PM IST
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...
25 Oct, 2020, 11.30 AM IST
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 ...
22 Oct, 2020, 02.41 PM IST
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...
08 Jun, 2020, 02.43 PM IST
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...
15 Apr, 2020, 02.21 PM IST
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...
31 Mar, 2020, 03.44 PM IST
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...
02 Mar, 2020, 06.30 PM IST
ONGC walks away with all 7 oil, gas blocks on offer in latest bid roundONGC signed contracts for the seven blocks at an event where Oil Minister Dharmendra Pradhan and other ministry officials were also present.
02 Jan, 2020, 05.44 PM IST
Private players stay away from the latest oilfield auctionONGC has submitted bids for seven blocks and Oil India for one in the fourth round of the Open Acreage Licensing Programme (OALP), where bi...
31 Oct, 2019, 08.47 PM IST
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.
26 Aug, 2019, 07.54 PM IST
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...
16 Jul, 2019, 11.55 PM IST
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...
03 Jul, 2019, 08.23 PM IST
ONGC, Vedanta set to win 9 oil, gas blocks each; Reliance-BP one, OIL 12As per the bid evaluation, ONGC and Vedanta Ltd are top bidders in nine blocks each and state-owned Oil India Ltd (OIL) in 12 areas.
09 Jun, 2019, 01.41 PM IST
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 ...
16 May, 2019, 02.55 PM IST
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...
08 Apr, 2019, 05.45 PM IST
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.
12 Mar, 2019, 01.46 PM IST
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...
10 Feb, 2019, 03.09 PM IST