The government has put up a total of 75 small and marginal oil and gas discoveries up for international competitive bidding under bid round III of DSF policy
To increase India’s domestic oil and natural gas production, the government is seeking private investment and more competition for state-run behemoths like ONGC, OIL
The DGH has told potential bidders for DSF round-3 that the environmental clearance (EC) for these fields will be transferred from the original contractor/operator to the new one
The Directorate General of Hydrocarbons (DGH) has limited the number of statutory approvals required for oil and gas blocks under NELP and pre-NELP regime
After a lag of over two years, the government is now set to launch the third bidding round for Discovered Small Fields (DSF) on May 18, according to the DGH
ONGC has said that the discussion on restructuring has been going on since April 2019 and is neither new nor intended to limit ‘intended to limit role or growth of ONGC’