Saturday, February 4, 2023
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OALP

National News

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

PSU Watch Bureau -
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
National News

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

PSU Watch Bureau -
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
National News

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

PSU Watch Bureau -
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
National News

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

PSU Watch Bureau -

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

National News

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

Shalini Sharma -

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

National News

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

Shalini Sharma -

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

National News

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

PSU Watch Bureau -

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

National News

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

PSU Watch Bureau -

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

News Updates

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

Shalini Sharma -

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

News Updates

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

Shalini Sharma -

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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PSU Watch is a business news brand of 27 Frames Communications LLP. It places the spotlight on PSUs, Governance, Bureaucracy, Defence and Public Policy as the sector traverses through a period of radical change.

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