Oil India Ltd

The draft recommendation will be discussed by members of the committee and finalized on November 29.

OIL reports highest quarterly net profit despite windfall tax

Net profit of Rs 1,720.53 crore in the second quarter of the current fiscal compared with Rs 504.46 crore net profit a year back, Oil India Ltd said in a statement.

Oil India net profit triples on oil in June quarter, gas price boost

Its net profit was Rs 1,555.46 crore, or Rs 14.34 per share, in April-June compared to Rs 507.94 crore, or Rs 4.68 a share, in the same period a year back.

Harish Madhav given additional charge of OIL chairman

Harish Madhav was given the additional charge following the superannuation of Sushil Chandra Mishra on June 30. Madhav took charge on July 1, an Oil India Ltd (OIL) statement said.

ONGC wins 18 out of 21 oil, gas blocks in OALP-VI bid round, OIL gets 2

Oil India Ltd (OIL) walked away with two blocks and Sun Petrochemicals Pvt Ltd got one block, the Directorate General of Hydrocarbons said announcing the winners of the OALP-VI round.

ONGC, IOC, others to spend Rs 1.11 lakh crore capex in FY23

The capex spending of Rs 1.11 lakh crore in 2022-23 compares with a revised estimate of Rs 1.04 lakh crore for the current fiscal year that ends in March, according to Union budget documents.

Oil India to set up green hydrogen plant in Assam

Speaking on the occasion of the 'bhumi pujan' ceremony of the project, Pankaj Kumar Goswami, Director (Operations) said the hydrogen so generated will be blended with natural gas using the existing infrastructure.

Oil India Q2 net profit more than doubles to Rs 504 crore; announces Rs 3.5/share interim dividend

Net profit in first half of current fiscal at Rs 1,012.40 crore, compared with a loss of Rs 9.66 crore.

Oil India profit Q4 falls 8% to Rs 847.56 crore; declares final dividend Rs 1.5/shares

Turnover rose to Rs 3,909.61 crore in the fourth quarter of 2020-21 fiscal year from Rs 3,583.72 crore a year back.

OIL India Q2 profit drops 42% to Rs 381.75 crore on blowout expense

Net profit in July-September at Rs 381.75 crore was lower than Rs 661.53 crore net profit in the same period a year back, the company said in a stock exchange filing.

ONGC wins 7 oil blocks, Oil India 4 in latest bid round

The government had offered 11 blocks for exploration and production of oil and gas in the fifth bid round under the Open Acreage Licensing Policy (OLAP).

Baghjan oil well blowout singes fields, fish and livelihoods

The fire at an Oil India Ltd well that started with oil and natural gas gushing out uncontrollably on May 27 and went up in flames on June 9 was controlled on Sunday, said reports. But the trauma will take much longer to subside, said residents of the area around the oil field that has 17 oil wells and five gas wells.

DoT withdraws Rs 2.3 lakh cr demand notices on GAIL, OIL

The withdrawal follows the Supreme Court ruling last month, terming the adjusted gross revenue (AGR) dues raised on non-telecom PSUs 'wholly and totally impermissible'.

ONGC, OIL earnings to decline, credit metrics weaken due to lower oil prices: Moody's

"We expect ONGC's earnings to decline and its credit metrics to weaken because of lower oil prices over the next 12-18 months," Moody's said in a report on Asian national oil and gas companies.

Oil India moves SC against DoT seeking Rs 48,000 cr payment on Rs 1.47 cr revenue

The NLD licence is predominantly used for the SCADA system and only the spare bandwidth capacity is leased out to other telecom operators.

OIL reports net loss of Rs 208.54 cr in Q4

Total income declined to Rs 3,506.11 crore in the quarter from Rs 3,784.91 crore a year ago.

India's crude oil production drops 4% in FY19

India produced 34.2 million tonne of crude oil in the fiscal year ended March 31, down from 35.7 million tonne in the previous year, according to data released by the Ministry of Petroleum and Natural Gas here.

ONGC wins back Chinnewala Tibba gas field; contracts signed for 23 oil & gas fields under DSF-II

ONGC won back five out of the 23 discovered oil and gas fields that the government took away from the state-owned firm and Oil India Ltd (OIL) for auctioning in the second round of discovered small field (DSF).

Natural gas production to rise by a third if output locked in ONGC, OIL fields opens up

State-owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) haven't been able to develop the discoveries or bring them to production as the current gas price of $3.36 per million British thermal unit (MMBtu) is way lower than the cost of production.

Cabinet tweaks pre-NELP oil blocks, reduces ONGC burden of levies

The Cabinet Committee on Economic Affairs (CCEA) also extended the special dispensation of marketing and pricing freedom to natural gas produced from areas in the North Eastern region, Petroleum Minister Dharmendra Pradhan told reporters here.

OIL makes gas discovery in Andhra Pradesh

The discovery made at well Thanelanka-l is the second find in the block, Oil India Ltd said. "Earlier, a gas discovery was made at well Dangeru-l in Andhra Pradesh in the block."

Oil India to buy back shares worth Rs 1,527 crore

Oil India Ltd, the nation's second largest state explorer, today said it will buy back 4.49 crore shares for Rs 1,527 crore, joining the list of PSUs that are using their idle cash to help government meet budgetary targets.

PESB fails to find new Oil India CMD for 3rd time

The Public Enterprise Selection Board (PESB) yesterday interviewed ten candidates, including the firm's Director (Finance) Rupshikha Saikia Borah, to select a new Chairman and Managing Director of OIL.

ONGC Videsh Ltd reaps Rs 700-crore gain on Euro bonds issue

OVL had raised Euro 525 million (about USD 712 million) through a 7-year bond issue in July last year to part finance its USD 4.125 billion purchase of a 16 percent stake in Mozambique's offshore Rovuma Area 1, which holds as much as 75 Trillion cubic feet of gas reserves.

India to auction 69 Oil fields owned by ONGC, Oil India

Saurabh Chandra said that the two state explorers would invest USD 6 billion in exploration and production in the year ending March 2016, as they look to arrest declining oil and gas production.