CBM BLOCKS AUCTION
CBM licensing round draws few bidders
The latest coal bed methane (CBM) licensing round saw a disappointing turnout, with seven of thirteen blocks receiving no bids and four attracting only a single bidder. Only two blocks will experience competitive bidding, as just three companies participated in the Special CBM Bid Round 2026, despite more liberal terms.
Reliance Industries to invest Rs 1,000 cr to stem coal bed methane output fall
Reliance Industries (RIL) plans to invest more than ₹1,000 crore to enhance production from its coal bed methane (CBM) blocks in Sohagpur, Madhya Pradesh. Facing a decline in CBM output, RIL aims to increase production to 1 million standard cubic meters per day within three years by drilling new wells.
GAIL, IGL walk away with Reliance gas; bid at USD 11 per million BTU
GAIL (India) Ltd and Indraprastha Gas Ltd emerge as top bidders in Reliance Industries Ltd's recent e-auction of coal-bed methane gas. The auction, held for 0.90 million standard cubic meters per day, saw GAIL acquiring 0.63 mmscmd and IGL picking up 0.14 mmscmd. Bidders offered premiums of up to USD 11 per million British thermal unit, based on 12.67% of the Brent crude oil price. The gas supply contracts span 1 to 2 years from April 1.
Government extends deadline for bid submission in eighth round of oilfield auctions to July 5
The government has extended the deadline for bid submission in the eighth round of oilfield auctions to July 5, according to a notification by the Directorate General of Hydrocarbons (DGH). This is yet another extension for the auction, which was launched on July 7 last year.
ONGC seeks minimum $17 price for coal gas from Bokaro
ONGC and Indian Oil own 80% and 20% participating interest respectively in the CBM block in Bokaro, Jharkhand. Gas from the block can be sold at market rates. ONGC plans to conduct an e-auction for the sale of 0.20 million metric standard cubic meters per day (mmscmd) of CBM gas on July 20. The company can start delivering gas from December 15.
CIL begins process of developing Rs 2,474 cr CBM projects
Companies are invited to bid for exploration, development, production, marketing of the blocks, CIL said. While the investment for Jharia (Jharkhand) CBM project is estimated at Rs 1,879 crore, Raniganj (West Bengal) project estimated at Rs 595 crore.
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Probe finds RIL flouted CBM auction policy
Reliance had earlier said that the company won in an open, transparent auction conducted by CRISIL.
GAIL to buy entire produce from Essar Oil’s Raniganj east CBM block
GAIL India will buy the entire produce for the next 15 years from Essar Oil’s coal bed methane (CBM) block of Raniganj East in West Bengal.
RIL prima-facie not complied with CBM policy norm: Oil Ministry
RIL said it has abided by CBM pricing policy’s stated objective of discovering the best possible price that maximises state revenue and royalty.
Oil Ministry moves Cabinet to get RIL, ONGC pricing freedom
Oil Ministry has proposed to the Cabinet that coal-bed methane (CBM) gas producers be given pricing freedom and allowed to price the fuel at market rates.
Govt mulls new pricing formula for coal-bed methane
The government is looking at a new pricing regime for coal-bed methane to help monetise the clean energy source lying below coal seams.
Government to offer 6 CBM blocks for bidding in 5th round
Government is likely to offer six coal bed methane (CBM) blocks, all in Gujarat, under 5th round of auction this fiscal, a senior oil ministry official said.
Coal: Oil Ministry to move Cabinet to allow private firm in CBM mining
The government had last year allowed only CIL, the world's largest coal miner, to explore and produce coal-bed methane in its existing coal mines.
Government may offer foreign companies coal blocks given up by developers
The government plans to invite foreign companies to produce gas from coal blocks that have been relinquished by developers for being uneconomical.
Proposal to auction two more mines in Jharkhand put on hold
The government's plans to auction two more coal blocks in Jharkhand has been put on hold because of some issues involved.
Coal India may go for PPP model to produce gas from coal bed
Coal India is likely to adopt the public-private partnership (PPP) model to harness the coalbed methane (CBM) opportunity from its existing mines.
Govt allows Coal India to produce gas from coal seams
Govt on Thursday allowed state-run Coal India Ltd, which is world’s biggest coal miner, to produce coal bed methane from in its existing coalmines.
Cabinet may allow CIL to produce gas from coal seams
The Cabinet may this week allow state-owned miner Coal India Ltd to produce natural gas from coal seams (CBM) in its existing coal mines.
Private oil & gas companies like Cairn India, Reliance Industries, BP and others may get nod to explore shale resources soon
The government also plans to extend, albeit with a few stringent conditions, the recently approved shale exploration policy which allows only state-run ONGC and Oil India to explore shale resources.
Cabinet note likely on CIL plan to explore CBM
At present, companies such as GEECL and ONGC are exploring and extracting CBM from blocks falling in areas under Coal India’s jurisdiction.
Oil Ministry asks Rangarajan panel to resolve coal-bed methane pricing issue
Oil ministry has asked Rangarajan panel to resolve CBM pricing issue that could further delay commercial production of gas from the blocks.
Government plans to allow Coal India to produce CBM without bidding: Officials
The government wants to harness the gas trapped in coal seams in blocks already allotted to state miners for producing coal, officials said.
Govt fixes Essar Oil's gas price at $5.25 mmBtu
The government has fixed $5.25 per million British thermal unit as the provisional sale price of gas Essar Oil is producing.
CBM gas from Raniganj sold at $7 per unit
The first coal-bed methane (CBM) gas produced from Raniganj block is commanding a 67% premium over the price of Reliance Industries' KG-D6 gas, prompting Reliance and Essar to speed up similar projects which will add up to 10% of the country's current gas output in two years.
Essar Oil starts gas production from Raniganj CBM block
Essar Oil today said it has started gas production from its Raniganj CBM block in West Bengal and will achieve peak output in 2-3 years.
Gas production from Raniganj CBM block by September: Essar Oil
Essar Oil today said it will begin gas production from its Raniganj CBM block in West Bengal by September and will achieve peak output in late 2012.
GEECL likely to bid for CBM blocks
The Great Eastern Energy Corporation (GEECL) is likely to be one of the bidders for the fourth round of Coal Bed Methane(CBM) block auction.
RIL develops 100 billion cubic meters of gas reserves
Reliance Industries has established over 100 billion cubic meters of gas reserves in a coal block in MP, Petroleum Minister Murli Deora said.
Nelp-VIII likely to offer 100 blocks
The petroleum ministry is planning to auction over 100 prospective areas for oil and gas exploration by March 2009 under the eighth round of New Exploration Licensing Policy (Nelp-VIII).
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