Poor response to India's auction of hydrocarbon assetsOctober 12th, 2009 NEW DELHI - India received bids for just 36 hydrocarbon blocks out of 70 on offer under the new round of auction, which the oil ministry admitted as being a "poor" response, with even Reliance Industries abstaining from a single bid. The deadline for receiving bids for the eighth round of auction for oil and gas assets under what is called the new exploration licensing policy was noon Monday.
Oil regulator says poor response to hydrocarbon auctionOctober 12th, 2009 NEW DELHI - The response for the latest round of auction for handing over hydrocarbon assets in India for exploration and development has been "poor", with even Reliance Industries refraining from making a single bid. The deadline for receiving bids for the eighth round of auction under what is called the new exploration licensing policy, was noon Monday.
ONGC wins most blocks in hydrocarbon auctionOctober 12th, 2009 NEW DELHI - State-run Oil and Natural Gas Corp (ONGC) has bagged 13 blocks in the latest round of auction of hydrocarbon assets, which saw only about half of the oil blocks receiving bids. If ONGC is getting those blocks, then they should find resources to meet their commitments, said Petroleum Secretary R.S.
Hydrocarbon regulator repeats views on Ambani spatOctober 1st, 2009 NEW DELHI - The public spat and litigation between the Ambani brothers could adversely affect the sentiments of foreign companies interested in investing in India's oil and gas exploration, the sectoral regulator said once again Thursday. "Any fight between corporates has a negative impact.
Ambani fight could affect India's hydrocarbon auction: RegulatorOctober 1st, 2009 NEW DELHI - The public spat and litigation between the Ambani brothers could adversely affect the sentiments of foreign companies interested in investing in India's oil and gas exploration, the sectoral regulator said Thursday. India is currently inviting bids for the latest round of auction of its hydrocarbon assets, where it is offering 70 blocks.
Oil exploration blocks to be finalised by DecemberSeptember 8th, 2009 NEW DELHI - India will finalise exploration blocks in the eighth round of auction of hydrocarbon assets by December, Petroleum and Natural Minister Murli Deora said Tuesday. The minister was speaking at a roadshow in London where he has gone for a promotion campaign to attract foreign investors to the annual auction of oil, gas and coal-bed methane blocks.
India moving towards new hydrocarbon asset auction systemSeptember 1st, 2009 NEW DELHI - From an annual auction of its hydrocarbon blocks, India is moving towards a year-long bidding process, said Minister of State for Petroleum and Natural Gas Jitin Prasada here Tuesday. The government of India is moving gradually but inexorably towards the Open Acreage Licensing System from the current New Exploration Licensing Policy, Prasada said at the inauguration of an international conference on National Data Repository (NDR).
Tourism ministry holding roadshows abroadAugust 3rd, 2009 NEW DELHI - Seeing the immense tourism potential of the 2010 Commonwealth Games, the tourism ministry is organising a number of roadshows abroad to attract travellers, Tourism Minister Kumari Selja said here Monday. "The Commonwealth Games in India next year will be an important event, especially from the tourism point of view.
Roadshows to attract tourists to India during Commonwealth GamesAugust 3rd, 2009 NEW DELHI - India will hold tourism roadshows in London and other capitals of Commonwealth countries in a bid to cash in on the Commonwealth Games here next year, Tourism Minister Kumari Selja said here Monday. "The Commonwealth Games in India next year will be an important event, especially from the tourism point of view.
India extends tax holiday for natural gas productionJuly 6th, 2009 NEW DELHI - In a bid to give a fillip to the current round of auction of hydrocarbon assets, Finance Minister Pranab Mukherjee Monday extended the tax exemption on profits in the natural gas sector. The ministry of petroleum and natural gas has been seeking tax holiday to the natural gas sector since last year, when the 2008 auction deadline had been postponed many times due to confusion over this issue.
India to host series of tourism roadshows abroadJune 17th, 2009 NEW DELHI - India plans to hold a series of roadshows abroad, including in Australia, New Zealand and Russia, to showcase the country's rich diversity and attract tourists, officials said here Wednesday. Tourism Minister Kumari selja held a meeting with the captains of the industry and discussed how to attract more tourists to the country in the times of economic recession.
India unveils largest auction of hydrocarbon assetsApril 9th, 2009 NEW DELHI - India Thursday announced the auctions for 80 more hydrocarbon assets in the country, including 10 for coal-bed methane, in the largest such exercise under its new policy on oil and gas exploration. The 70 oil and gas blocks under round number eight of the new policy include 24 in deep waters, 28 in shallow waters and 18 on-land blocks, Petroleum Secretary R.S.
India announces largest ever auction of hydrocarbon assetsApril 9th, 2009 NEW DELHI - India Thursday announced the auctions for 80 more hydrocarbon assets in the country, including 10 for coal-bed methane, in the largest such exercise under its new policy on oil and gas exploration. The 70 oil and gas blocks under round number eight of the new policy include 24 in deep waters, 28 in shallow waters and 18 on-land blocks, Petroleum Secretary R.S.
Terrorism a threat to hydrocarbon sector: Reliance IndustriesJanuary 14th, 2009 NEW DELHI - The Mumbai terror attacks did not just dent people's confidence and the economy but has made the hydrocarbon sector vulnerable as well, a senior Reliance Industries (RIL) official said here Thursday. 'The terror attacks of 26/11 has thrust the spectre of terrorism into the hydrocarbon sector,' RIL's refinery business president P.
ONGC to decide on exploration in Sri Lanka in a monthJanuary 13th, 2009 NEW DELHI - The state-run Oil and Natural Gas Corp (ONGC) will take a decision on exploration of hydrocarbon assets in a block offered by the Sri Lankan government within a month, the oil minister of the island nation said here Wednesday. Sri Lanka had in 2007 offered ONGC a hydrocarbon block in Mannar Basin for exploration.
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