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Open Acreage Licensing Policy Oalp
Business  /  Published 02.01.20

Poor response to oil auction

The fourth round of auction for oil and gas blocks saw only two PSUs — ONGC and Oil India Limited — submitting bids for seven fields. Oil and Natural Gas Corporation (ONGC) bagged all the seven oi...
By Our Special Correspondent in New Delhi

Business  /  Published 31.03.20

BPCL bid extension

The government on Tuesday extended the deadline for putting in bids to buy its entire 52.98 per cent stake in BPCL by over a month to June 13. The government had earlier this month invited expressions...
By PTI in New Delhi

Business  /  Published 03.04.20

Deadline for oil bids extended

The government has extended the last date of bidding for the 11 oil and gas blocks on offer in the fifth round and decided to merge the next two rounds into one in view of the coronavirus pandemic.The...
By Our Special Correspondent in New Delhi

Business  /  Published 11.02.19

Govt offers 23 oil and gas blocks in 3rd round

The government on Sunday offered 23 oil and gas blocks for bidding under the Open Acreage Licensing Policy (OALP), hoping to attract investments of up to $700 million.“In OALP-III, 23 blocks in 12 s...
By Our Special Correspondent in New Delhi

Business  /  Published 08.06.20

Govt extends oil block bid deadline to June 30

The government on Monday extended the last date of bidding for the 11 oil and gas blocks on offer in the fifth exploration bid round to June 30 in view of the Covid-19 lockdown in the country.The fift...
By PTI in New Delhi


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