Indian firms bagged maximum number of licenses for oil and gas exploration blocks offered under new eased rules of exploration in the country, according to a list posted on the website of the Directorate General of Hydrocarbons (DGH).
Under the new rules, companies can carve out areas they want to drill for their projects
State-owned Oil India Ltd. and the country’s top explorer Oil and Natural Gas Corp. Ltd. won 12 and 8 blocks respectively, according to the list. India’s Reliance Industries Ltd. and its partner BP Plc were also awarded a block, DGH said late July 2.
Vedanta Ltd., controlled by mining tycoon Anil Agarwal, has bagged 10 oil and gas blocks, DGH added.
Recommended Reading
President: Financial Debt for Mexico's Pemex Totaled $106.8B End of 2023
2024-02-21 - President Andres Manuel Lopez Obrador revealed the debt data in a chart from a presentation on Pemex at a government press conference.
Private Equity: Seeking ‘Scottie Pippen’ Plays, If Not Another Michael Jordan
2024-01-25 - The Permian’s Tier 1 acreage opportunities for startup E&Ps are dwindling. Investors are beginning to look elsewhere.
Some Payne, But Mostly Gain for H&P in Q4 2023
2024-01-31 - Helmerich & Payne’s revenue grew internationally and in North America but declined in the Gulf of Mexico compared to the previous quarter.
In Shooting for the Stars, Kosmos’ Production Soars
2024-02-28 - Kosmos Energy’s fourth quarter continued the operational success seen in its third quarter earnings 2023 report.
Canadian Natural Resources Boosting Production in Oil Sands
2024-03-04 - Canadian Natural Resources will increase its quarterly dividend following record production volumes in the quarter.