India to offer 100 oil blocks in NELP VIII

Unperturbed by the global economic crisis, India will launch next month its biggest ever auction of oil exploration blocks with about 100 areas likely to be offered for bidding. "Next month, we......

Govt to relaunch NELP VIII on Aug 8

The government will relaunch the country's largest-ever auction of oil and gas blocks on August 8 and will extend the last date of bidding by two months to mid-October. The first of the promotional......

Govt defers NELP-VIII on tax break concerns

Fearing investor backlash on ambiguity over tax holiday for natural gas, India on Friday deferred roadshows for the largest-ever auction of oil and gas blocks and the new dates would be worked out......

Govt kicks off NELP, expects $3-bn commitment

The government flagged off the eighth edition of the New Exploration and Licensing Policy (Nelp-VIII) and the fourth round of bidding for Coal Bed Methane (CBM-IV) in Mumbai, expecting a commitment......