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Simultaneously, 16 areas for prospecting for coal-bed methane (CBM) are also being offered in a separate round.

CERA Week: India to line up 10 hydrocarbon blocks under round VI of OALP

State-run Oil and Natural Gas Corporation (ONGC) had won seven out of 11 geographical areas on offer under the fifth bidding round held last year under the OALP. Oil India (OIL) won the remaining four blocks.

DSF Bid Round II expected to yield revenue of $15.3 billion: DGH

The bids were offered to new players to do exploration only where discovery of reserves had already been made, he said.

DSF Bid round-II may attract $1.2 billion investments: DGH

He was in the city to participate in the investor meet organised by the DGH for the DSF Bid Round-II.

Govt allows pricing, marketing freedom to CBM gas cos

The Cabinet today approved pricing and marketing freedom to producers of natural gas from coal seams (CBM) and also allowed them to sell the fuel to affiliates.

ONGC awaits DGH nod for $5-billion KG-D5 gas development plan

State-owned Oil and Natural Gas Corp is awaiting nod of upstream regulator DGH to commence investing USD 5.07 billion in bringing to production oil and gas discoveries in its Bay of Bengal block KG-D5.

DGH reviews poor bidding response to oil & gas fields: Sources

India's first oil and gas fields' auction in over 4 years is in deep trouble. CNBC-TV18 reports initial bidding has not met government expectations despite several exploration incentives and market-linked pricing, forcing an extension in auction deadline.

Justice Shah: Why ONGC is not entitled to RIL compensation

The exploration of KG-D6 block by Reliance Industries (RIL) had led to migration of gas from the adjacent KGDWN-98/2 block operated by ONGC, which led to a loss to the exchequer, a report by the Justice AP Shah panel submitted to the government concluded yesterday.

Godrej ups stake in DGH-owned Style Industries by 39%

Speaking to CNBC-TV18, Adi Godrej, Chairman of the Group said that the company is happy to increase its stake in the subsidiary and that the operations from sales in Kenya are high.

Govt may extend Cairn's production sharing contract

Recently, a Committee headed by the Directorate General of Hydrocarbons (DGH) on policy for grant of extension to the Production Sharing Contracts (PSC) for small, medium-sized and discovered fields that were awarded to private firms in 1990s, has recommended a uniform 10-year extension but on revised terms and conditions.

RIL to relinquish two gas discoveries off east coast

Reliance Industries (RIL) has decided to relinquish two gas discoveries off the east coast and opted to carry out government prescribed confirmation tests to retain three other finds.

OilMin focusing on arbitration to resolve disputes

In a bid to adopt a more investor-friendly approach, the Oil Ministry wants conciliation not litigation as the first step to resolve disputes.

Panel probing delay in ONGC KG basin gas find: Pradhan

While RIL began oil production from its KG-D6 block in September 2008 and gas output in April 2009, ONGC, which has made 11 oil and gas discoveries in KG-D5 block, still is at least four years away from first gas.

Oil Min frustrated KG gas project: ONGC

Oil and Natural Gas Corp (ONGC) had in 2007 farmed out 15 percent stake in the KG-DWN-98/2 block, which sits next to Reliance Industries' KG-D6 block, to Brazil's state-controlled oil firm Petroleo Brasileiro SA or Petrobras. Another 10 percent interest was given to Norway's Norsk Hydro (now Statoil Hydro).

RIL gas discoveries approved without appraisal: CAG

RIL had found gas in the Dhirubhai-1 and 3 wells in October 2002 and were declared commercially viable finds between April 2003 and March 2004.

New DGH calls for more investor friendly environment

With India slated to become the third largest energy consumer in the world by 2020, the newly appointed DGH B N Talukdar has called for creating a more investment friendly environment to produce more oil and gas in the country.

DGH disagrees with Kelkar report on oil exploration deals

Sources with direct knowledge of the development said the panel, in Chapter 2 of its report, recommended continuation of the present production sharing contract (PSC) framework for the oil and gas sector, which allows for cost recovery by exploration and production (E&P) companies before they pay the government its share.

Govt allows Coal India to produce gas from coal seams

The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Manmohan Singh, allowed Coal India (CIL), the world's largest coal miner, to explore and produce coal-bed methane (CBM) in its existing mines, Coal Minister Sriprakash Jaiswal said.

DGH shifting goalposts to strip off our discoveries: RIL

RIL as per contractual requirement of retaining only the area where discoveries have been made, had offered to give up or relinquish 5,367 square kilometers out of the total 7,645 sq km area in the block.

Govt may appt global experts on fall in KG-D6 gas output

The appointment of an independent international expert, which RIL-BP have been pressing for several months now, would establish who is right and who is wrong.

RIL slams DGH move to snatch gas discoveries as arbitrary

Reliance Industries has slammed the DGH‘s move to snatch 86 percent of its KG-D6 block area, including eight gas discoveries worth USD 10 billion, as “arbitrary” and said the oil regulator was responsible for the delay in developing the finds.

DGH fines RIL $1.78 bn for gas shortfall

Oil regulator DGH has recommended an additional penalty of USD 781 million on Reliance Industries, taking the total fine on the company for producing less than projected natural gas from KG-D6 fields to USD 1.786 billion.

DGH refuses to approve RIL's $3.5 billion plan for NEC-25

The Directorate General of Hydrocarbons (DGH) has refused to approve Reliance Industries' USD 3.5 billion plan for developing gas discoveries in block NEC-25.

Moily hints of relief to RIL on KG-D6 relinquishment issue

In a relief to Reliance Industries, Oil Minister M Veerappa Moily has indicated that he may not fully accept DGH's recommendation for taking away 86 percent of the company's KG-D6 gas block area.

De-regulate coal sector, adopt competitive policy: CII

Confederation of Indian Industry (CII) has recommended that the coal sector be deregulated for competitive resource allocation. Private participation in the mining sector, particularly coal, is urgently needed, it said.