Our Sponsors
New Delhi: The government received 181 bids from 96 companies for exploration in 45 blocks of hydrocarbon assets, it announced Monday.
Of the 57 blocks put on auction Monday, 26 received multiple bids and 19 received single bids. Twelve blocks did not receive any bid.
This was the seventh round of auctions.
Bidders included BHP Hilton, BP Plc (formerly British Petroleum), Cairn Energy, ONGC, Reliance Industries, Essar Oil and GVK Industries. There were 21 foreign companies, including nine first-time bidders.
No decision has been taken on multiple bids. Evaluation has to be completed within two months, and contracts signed by September 30.
This is the highest number of bids for oil and gas exploration received by the government so far.
Write a comment now!
IANS
Today’s top news
Drinking this festive season? Call a cab home
'If you find this hard to read - book a cab!' - many restaurants and bars here will put up such signboards this festive season, urging customers to take a cab instead of ...
Environment, philosophy, romance: 13-year-old author brims with ideas
Debutante novelist Asmita Goyanka drew a parallel of global warming threatening to destroy the earth with the villain in her novel.
Avoid inappropriate comments, match referee tells Indians, Australians
International Cricket Council (ICC) match referee Chris Broad has spoken to representatives of both the Indian and Australian teams and advised them to avoid making inapp...
Offbeat sculptor Prithpal Singh Ladi returns to Delhi
Contemporary sculptor Prithpal Singh Ladi, who has created waves with his futuristic stone monuments, steel dragonflies and frog torsos, is coming to the capital with his...
Curry meal plot spiced up British bank bailout
British finance minister Alistair Darling and his team steeled themselves with a meal of spicy Indian dishes as they prepared for difficult night-long negotiations on the...
Cheaper smuggled cigarettes killing more people than drugs
Tobacco smuggling causes around 4,000 premature deaths a year or four times the number of fatalities caused by the use of all smuggled illegal drugs put together, but the...
Kareena Kapoor to launch her own website
Joining the league of international stars like Victoria Beckham, Madonna and Jennifer Lopez, Bollywood actress Kareena Kapoor is all set to launch her own website.
Dutchman Guido returns career-best card
The star of the second day in Indian Open golf is Guido Van Der Valk with a superb 61 to be tied sixth and he says he likes to play on the Asian Tour.
Bollywood stays complacent despite liquidity crunch
Could the current global market meltdown, directly or indirectly, affect Bollywood's finances and the production of its hugely mounted movies?
Hundred in India is special for Australians: Hussey
After his maiden Test hundred in India, Michael Hussey said it is a matter of pride for any Australian to score century here as the conditions are so challenging.