Oil And Gas Blocks

The minister was confident of oil and gas finds though he added it would be premature to speculate on the size of the reserve, adding that the exploration in the Andamans are pointing at 'good news' of turning into India's 'Guyana moment'.

Major E&P push in India as largest OALP bidding gets underway with 19 offshore blocks on offer

The OALP-X bid round, launched at the sidelines of India Energy Week 2025, offers a total of 25 blocks spread over 13 sedimentary basins, covering an area of approximately 1.91 lakh sq km.

Essar Oil's CBM block production rises to 0.5 mmscmd

Essar Oil said it has built a high quality infrastructure gas conditioning and compression stations, in-field pipelines of 120 kms and last mile pipeline connectivity network to end users of about 60 kms.

India rejects BP's request to market jet fuel

Demand for aviation fuel in India could rise by 2.2 percent in the financial year beginning in April, according to the Petroleum Planning and Analysis Cell in the federal oil ministry.

India to auction 56 oil & gas blocks on revamped terms

The 10th round of auction under the New Exploration Licensing Policy (NELP-X) will require bidders to quote the amount of oil or gas output they are willing to offer to the government from the first day of production, Oil Secretary Vivek Rae said.

India to offer 56 oil & gas blocks in new licensing round

The oil ministry has recommended revenue sharing between the companies and the government in place of the current production sharing mechanism, he said.

10th round of oil and gas block auction likely in January

The Oil Ministry is looking at offering as many as 68 blocks or areas for exploration of oil and gas in the 10th round of New Exploration Licensing Policy (NELP). The round is likely to be announced at the Petrotech Conference.

ONGC identifying more blocks to buy stake in Kazakhstan

ONGC is in talks with the Kazakh govt and in the process of identifying blocks that could be for exploration or producing assets.

Reliance, ONGC, Cairn in race for Myanmar blocks

India's Reliance Industries, ONGC Videsh and Cairn India are vying with global energy giants Shell, ConocoPhillips and ExxonMobil for 30 offshore oil and gas blocks that Myanmar has put on offer.

Positive on Bank Nifty with target of 13500-13600: Tulsian

SP Tulsian, sptulsian.com shared his reading and outlook on stocks land market. Speaking on the February series he said, “I will keep positive stance on the February series and expect t the Nifty Future to move to a level of about 6,300 or so.

ONGC to undertake exploratory work in KG basin

State-owned ONGC is set to undertake exploratory drilling work in three offshore oil and gas Blocks in Krishna-Godavari basin soon, according to sources close to the development.

India awards 16 oil and gas exploration blocks

The cabinet on Friday approved the award of 16 oil and gas blocks, less than half of those offered under its ninth exploration licensing round, a government statement said.

Home Min clears RIL's sale stake in oil & gas blocks to BP

Clearing the last hurdle, the Home Ministry has given unconditional approval for UK's BP to buy a 30% stake in Reliance Industries' oil and gas blocks, including the showcase KG-D6 gas fields, for USD 7.2 billion.

RIL not contemplating banking foray, says Mukesh Ambani

In February, Reliance had agreed to sell a stake in 23 of its oil and gas blocks, including some in the KG basin, to BP in a USD 7.2-billion deal, and is expected to benefit from BP's deepwater exploration expertise.