The Indian government is offering three small oil and gas fields in an auction closing on July 15. The Directorate General of Hydrocarbons ...

The original deadline for submission of bids was August 31, 2021. However, this was postponed to October 29, 2021. The start was again put ...

ONGC bid for five out of the eight blocks or areas offered for exploring and producing oil and gas, while Oil India was the only bidder for...

India currently relies on imports to meet 85 per cent of its oil needs and 50 per cent of the natural gas requirement. This is because dome...

DSF-II was supposed to be launched around mid-June, but it wont happen before July, a senior government official said. He, however, did not...

The government will now consult ONGC and OIL before taking away their discovered small fields for next round of auction to private players.

A total of 61 fields with reserve of about 180 million tonnes of oil and oil equivalent will be offered in this round, said an oil ministry...

The government is looking at giving incentives for enhanced and improved oil recovery schemes to help reverse the declining trend in output...

Bids for the auction closes at 1200 hours on November 21 and may see only companies like the state-owned ONGC and Oil India, Gujarat govern...

For bidders to make decisions, more data particularly about size of reserves is required and making that available would require extending ...

Strikes and blockages by some students' unions, among others, that crippled oil and gas output of Oil India Ltd (OIL) and ONGC were organis...

The auction will put to test the ability of recent policy measures such as the revenue-sharing model and gas pricing freedom to attract inv...

The oil ministry will hold a meeting next week to finalize a timeline for the auction, after which officials will begin a roadshow.

The government is planning to begin the process to auction marginal oil and gas fields in a month after delaying it for several months due ...

In September, the government had unveiled a policy for developing marginal fields with 89 million tonne of oil and gas equivalent.

The new government policy of gas auction MFP approved by the government for the 69 oil and gas fields would shift risks to developers.

Yes certainly, the opportunity is being thrown open and that is where many of the companies would probably like to participate in this marg...