Sunday, June 26, 2022
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OALP

Special CBM Bid Round: Bidding for 15 CBM blocks to start on Feb 15, says DGH

The government is set to offer 15 coal bed methane (CBM) blocks in the latest round of auctions under the Open Acreage Licensing Policy (OALP), said the DGH

Govt to hold special bid under OALP for North-East: Hardeep Singh Puri

With a view to double the exploration acreage in the north-eastern region, the government plans to hold a special bidding round under the OALP for the North-East

India looking to attract investment of $50 billion in oil & gas sector in next 4 yrs

India is focussed on achieving producing targets of 40 MT of Oil and 50 BCM of gas by 2023-24 and will require an investment of about $50 billion in the next four years

Pradhan inaugurates OIL’s Rs 220-cr seismic survey campaign in Mahanadi basin, Odisha

Pradhan said that commercial production of oil and gas from Mahanadi basin will be a game-changer for Odisha

Pradhan tells ONGC, OIL: Bring in global players for E&P in blocks won under OALP V

Pradhan urged ONGC and OIL to farm out OALP areas so as to bring in international players into exploration activities and run the business in a professional manner

Govt to bring in more E&P reforms to draw private sector back to OALP

Petroleum Secretary Tarun Kapoor has said that the government is going to come up with more reforms in the exploration and production (E&P) sector

OALP Round 5: Private sector keeps away, ONGC wins 11 blocks, OIL 4

Oil and Natural Gas Corporation (ONGC) has secured 11 blocks and Oil India Limited (OIL) has won the remaining four under Round 5 of the OALP

OIL has begun ops on 2 blocks in Andaman, plans to drill 66 wells in OALP blocks in 3-4 yrs: CMD

OIL is using a multi-purpose seismic data acquisition vessel for the acquisition of 8400 LK of 2D seismic data in OIL’s OALP-III blocks in Andaman offshore

India to US: Opportunities galore in gas sector, far-reaching reforms on way in E&P sector

Pradhan said that bilateral cooperation between India and the US in natural gas sector has been identified as a priority area

OALP Round 5 fails to attract private players; ONGC & OIL emerge top bidders

The Round 5 bid under OALP has received bids from only 12 entities and all the bids, barring one, have come from state-run OIL and ONGC

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