Economic Times – ONGC Videsh lost out on its bid for two oil blocks in Mexico’s first licensing round.  The company was the sole bidder for Area 6 and 12 but the bids were rejected as too low.

http://economictimes.indiatimes.com/industry/energy/oil-gas/ongc-videsh-loses-bid-for-two-oil-blocks-in-mexico/articleshow/48114155.cms