The company is expected to start production from the block during the third quarter of the current financial year
Nippon Power, South Asia Consultancy, PFH (Poddar Family Holdings) Resources and Chennai-based Adbhoot Estates could be the first ones to start production from blocks awarded during DSF-1 auctions
Covid-19 has added to these issues. It has not only impacted the demand for fuel but also made the acquisition process slower.
Environmental groups hailed the expected moratorium as the kind of bold, urgent action needed to slow climate change
Oil prices gained for the fourth day on Wednesday, extending a rally driven by hopes that a Covid-19 vaccine will boost fuel demand.
Oil prices hit their highest level since March amid news flow related to smooth US presidency transition and encouraging developments on the Covid-19 vaccine front
He added that the draft notification was not circulated as mandated and no opportunity was given to the stakeholders and to the state government to offer their views
ONGC signed contracts for the seven blocks at an event where Oil Minister Dharmendra Pradhan and other ministry officials were also present
Despite paring its current production, the UAE is working to build greater future capacity
Global investment in exploration will reach $37 billion in 2018, down 7% from a year earlier
Jindal Drilling, GOL Offshore and Dolphin Offshore were up in the range of 12% to 20%.