The NME Awards will decide if Oasis are the best or worst band - after the group was nominated in both categories.
Oasis have been nominated in seven categories at the NME Awards - including for both Best and Worst Band accolades.
The controversial rock group have also been put forward for the Best Album and Best Live Band gongs, with guitarist Noel Gallagher scooping a nod for Best Dressed.
He will also be running against President Obama, Mighty Boosh star Noel Fielding and Brandon Flowers in the Hero of the Year category.
Conor McNicholas, the magazine's editor, claims its readership is continuing its love affair with the Mancunian band.
He states: "Their latest album has proved they can play to their established fans and still encourage a new generation of Liams and Noels."
In the Best Live Event field, T in the Park, Glastonbury, V, Isle of Wight, Reading and Leeds festivals are competing.
The line-up for the Grammy Awards was announced earlier this week, with Radiohead, Paul McCartney and Dave Grohl signed-up to play slots at the Los Angeles ceremony next month.
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