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Vedanta Cairn Oil & Gas bats for import parity pricing on crude oil

International crude oil prices are hovering around $100 per barrel


OIL eyes early development of NELP blocks

Oil India is targeting early development of blocks bagged under New Exploration Licensing Policy (NELP) auctions in KG basin, Rajasthan and Mizoram to increase its hydrocarbon output.


Govt may auction 68 Oil and gas blocks

The government may auction around 68 oil and gas blocks in NELP-X during the 10th round of New Exploration Licensing Policy (NELP) in 2013-14.


Oil ministry seeks speedy nod for 20 blocks

Of the 52 oil and gas blocks, which are awaiting clearances from the defence and environment ministries, the oil ministry plans to request the Cabinet Committee on Investment (CCI) to expedite nod for 20 offshore exploration blocks. Speedy clearance for these blocks would benefit prospective contrac..


ONGC to consider Japanese firm’s proposal

The board of ONGC would consider a proposal by an unknown Japanese company to participate in one of the former’s NELP VI deepwater blocks in the Krishna-Godavari basin.


GVK Power eyes partner for oil & gas project

With plans to rope in a partner for furthering its plans for tapping the potential in the oil and gas sector, GVK Power & Infrastructure has already won seven deep water oil and gas blocks under the NELP VII on the west coast in 2008.The company has partnered with the Australia based global resourc..


Open acreage policy to favour oil cos

Indian companies will benefit from a new policy named Open Acreage Licensing Policy (OALP) in 18 months, required to auction hydrocarbon assets for exploring oil and gas reserves.


ONGC finds empty reserves in Kerala-Konkan basin

ONGC could not find potential reserves from its high cost ultra-deepwater drilling campaign in the Kerala-Konkan basin worth Rs 400 crore.


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