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January 3, 2024
Of the 10 blocks offered, ONGC won seven while Reliance-BP, Oil India Ltd and Sun Petrochemicals Pvt Ltd got one area each.
January 3, 2024
In the recent Open Acreage Licensing Policy (OALP-VIII) bid round, Indias ONGC won seven exploration blocks while Reliance Industries Ltd and BP Plc secured one. Oil Minister Hardeep Singh Puri confirmed the signing of contracts for 10 blocks, including three coal-bed methane (CBM) areas. The bidding saw limited private sector participation, with notable exclusions of global energy majors. The government aims to bolster domestic oil and gas production, emphasizing policy reforms to reduce import...
January 3, 2024
Oil and gas industry news: State-owned Oil and Natural Gas Corporation (ONGC) won seven areas for exploration of oil and gas while a consortium of Reliance Industries Ltd and BP Plc walked away with one in the latest bid round., Companies News, Times Now