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Govt receives 13 bids for oil & gas blocks in latest licensing round

Foreign companies showed interest in participating in licensing rounds

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Government has extended the deadline for oil block bids to January 31

On its website, the Directorate General of Hydrocarbons (DGH) informed.

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15 CBM blocks on offer in the first bidding round in over a decade

CBM refers to the gas or methane found beneath coal seams in coal mines

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Govt aims speedy clearance of exploration activities

The Cabinet Secretary has established ECC to streamline and accelerate clearance and approvals.

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ONGC, OIL sign up for 11 blocks

Blocks awarded under OALP

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Govt may auction 68 Oil and gas blocks

The government may auction around 68 oil and gas blocks in NELP-X during the 10th round of New Exploration Licensing Policy (NELP) in 2013-14.

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OC allows Cairn to raise Mangala output

The Operating Committee (OC), which monitors Cairn India's Rajasthan block, allowed the firm to raise its Mangala oilfield production from 125,000 bpd to 150,000 bpd.

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