Hydrocarbon Exploration

As many as 26 mainly offshore oil and gas blocks and 16 coal bed methane blocks have been notified for international bidding as India aims to quickly increase the area under exploration

Four companies, including 3 state-owned, put in 10 bids for the 8 oil and gas blocks on offer in India's latest round of bidding for exploration acreage, says the Directorate General of Hydrocarbons.

Chief Minister M K Stalin urged PM Narendra Modi to cancel the Centre's invitation for bid to extract hydrocarbon in Tamil Nadu's Cauvery basin and strongly opposed such initiatives in the state.

A division bench of Justices M Sathyanarayanan and N Seshasayee issued notice and posted the matter for further hearing to January 7 when the PIL came up on Friday.

Reliance along with its partner BP has launched 3 new developments in the KG basin

The move is likely to benefit companies like ONGC, Oil India, Vedanta Cairn, Reliance Industries and CBM players like Essar Oil & Gas Exploration and Production

The Government of India has signed a contract for the Discovered Small Fields (DSF) Bid 2016 with GEM Laboratories for extracting Hyderocarbon at Neduvasal, in Tamil Nadu, amidst the protest from the local villagers against the proposed plan. The signing of the agreement has further increased the protest in Tamil Nadu on Monday.The award of contract was part of the contracts signed for 31 contract areas under the DSF Bid Round 2016, with the awardees at New Delhi in an event presided by Minister of State (I/C) for Petroleum and Natural Gas, Dharmendra Pradhan.The Minister said that the cumulative peak production from the awarded fields is expected to be around 15000 Barrels of Oil Per Day (BOPD) of oil and 2 Million Metric Standard Cubic Meter Per Day (MMSCMD) of gas over the economic life. The estimated total revenue would be approximately Rs 46,400 crore, of which royalty collection and Government's revenue share is expected to be around Rs 5,000 crore and Rs 9,300 crore, ...

Amidst protest against exploration of hydrocarbons in Southern Tamil Nadu, Centre today said that exploration will not affect agriculture or the soil of the entire lease area. Neduvasal, a fertile village of the Cauvery delta bordering Pudukottai and Thanjavur districts, is one of the 31 contract areas of small fields where exploration of hydrocarbons is to be taken up as per a recent decision of the Cabinet Committee on Economic Affairs (CCEA). Villagers have started protesting against the decision saying that it will impact their livlihood.CCEA has approved the award of 31 contract areas as part of the Discovered Small Field (DSF) Bid Round 2016. These fields were offered under new policy for small fields known as Discovered Small Field (DSF) policy, 2015.Currently, there are 03 operational Exploration Blocks (approximately 1461 sqkms) under Production Sharing Contract System in Tamil Nadu where hydrocarbon exploration is going on. Under Nomination regime, 31 Mining leases (around ..