Oasis are in the running for three awards at the Shockwaves NME Awards 2010, despite splitting six months ago.
The Britpop veterans received three nominations last month, including best British band.
Arctic Monkeys, whose third album Humbug topped the charts last year, have the highest hopes after landing nods for six awards.
Kasabian are their biggest challengers with five nominations, while Muse clock up four.
Kasabian and Arctic Monkeys go head-to-head in five categories - best British band, live band, album, video and the new "giving it back" award which recognises acts who are generous to fans.
Making up the best British band category for the music paper's annual awards are Muse and Biffy Clyro.
Alex Turner from Arctic Monkeys said: "It's a good thing knowing we're still up for these awards - Kasabian have said that there aren't any other proper rock bands apart from us and them.
"I don't necessarily agree completely but I know what they're saying. I think we're just co-existing nicely."
Oasis fell apart last year when guitarist and songwriter Noel Gallagher quit the band after years of bickering with his frontman brother Liam.
But NME readers have shown they are still fond of the band by voting them on to the shortlists for best video, best live event and best British band.
The best album title will be fought between Arctic Monkeys' Humbug, Kasabian's West Ryder Pauper Lunatic Asylum, Muse's The Resistance, the Cribs' Ignore The Ignorant and The Horrors' Primary Colours.
The best live event of the past year will be contested between Blur's reunion show at Hyde Park, Jay-Z at Alexandra Palace, Muse's homecoming show at Teignmouth in Devon, Oasis at Heaton Park, Manchester, and The Dead Weather's Halloween show at Shoreditch Church in east London.
The ceremony takes place at the O2 Academy Brixton, in south London.
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