Economic Survey 2024-25: India’s Oil and Gas sector outlook
India's oil and gas sector remains a cornerstone of the country's economic development, serving as a critical component in meeting the energy demands of a rapidly expanding economy.
OALP
The latest OALP news, analysis and data from India and across Asia, reported by Energy Asia.
More OALP news
$300-400M investment expected in latest oil & gas bid round
India on Friday launched a new oil and gas exploration bid round, hoping to attract USD 300-400 million investment in discovering hydrocarbon reserves in the country.
Total 105 exploration blocks awarded under OALP
The Minister for Petroleum and Natural Gas, Rameswar Teli in a written reply to a question in the Rajya Sabha informed that total 105 Exploration blocks…
Hardeep Singh Puri launches DSF Bid Round-III
Minister of Petroleum and Natural Gas Hardeep Singh Puri launched the Discovered Small Field (DSF) Bid Round-III.
Government to create a company to own and operate NDR
The government will create a company to own and operate India's maiden National Data Repository (NDR) that stores information on the vast sedimentary basins.
Oil India starts seismic survey in Tripura
Oil India Limited has started its first-ever seismic survey in Tripura, kicking off exploration and production operation in the north-eastern state.
Production commences from eighth hydrocarbon basin
Oil and Natural Gas Corporation (ONGC) opened India's eighth hydrocarbon producing basin when it started oil flow from a well in the Bengal basin.
OIL launches Rs 220 cr seismic campaign in Mahanadi basin
Oil India Ltd (OIL) launched a Rs 220 crore seismic campaign to locate oil & gas in the Mahanadi basin in Odisha.
ONGC and OIL signs contract for 11 oil and gas blocks
Oil and Natural Gas Corp has engaged contracts for seven oil and gas blocks it had won in the recent bid round. Oil India Ltd signed…
Contract signing ceremony held for E&P blocks under OALP
Minister of Petroleum and Natural Gas Dharmendra Pradhan said that Open Acreage Licensing Policy (OALP) is a market friendly policy which is driving self-reliance in energy…
OIL starts exploration in Andaman sea
Oil India Ltd said it has started exploring for oil and gas in the Andaman sea. They have begun acquiring seismic data on the shallow water…
Natural Gas Marketing Reforms approved by CCEA
The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Narendra Modi has approved ‘Natural Gas Marketing Reforms’, taking another significant step to move…
Reforms in exploration and licensing policy
Ministry of Petroleum and Natural Gas is working in collaboration with various Central Government Ministries to make efforts to achieve reduction in import dependency on oil.