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Crude oil production News

22 Mar 2022

India's crude oil production drops 2.19 per cent in February

Cumulative crude oil production during April-February 2021-22 stood at 27,162.3 TMT, which is 4.71 per cent lower than the target. Crude oil production by Oil India Ltd in the nomination block during February 2022 was 230.25 TMT. Crude oil production by private/joint venture companies in the PSC/RSC regime during February 2022 was 531.49 TMT.

04 Apr 2017

ONGC eyes 17% jump in crude output, 66% in gas by 2022

The nation's biggest oil and gas producer has prepared 'Roadmap' for Import Reduction.

royalty payment

26 Aug 2015

Govt nods royalty payment to states on crude oil production

The government Wednesday agreed to pay states like Gujarat and Assam, from its annual budget, the difference between royalty paid by operators of some oil fields as per their contract and actual prevailing rate.

Oil and Natural Gas Corporation

08 Apr 2015

After dipping for 7 years, ONGC oil production inches upwards

State-owned Oil and Natural Gas Corporation (ONGC) has reversed a seven-year decline in its crude oil production, showing a marginal increase in output in 2014-15, a top official said.

Crude oil prices

30 Mar 2015

India makes first crude oil purchase for strategic reserve

Oil prices have almost halved in the past year due to excess global production, leaving traders looking for any signs of new demand to help absorb the surplus.

21 Jan 2015

Domestic crude oil production falls 1.4% in December

India's crude oil production fell 1.4 percent in December as output from oilfields operated by private companies like Cairn India fell sharply.

17 Jun 2014

Cairn gets environmental nod to raise oil production

Cairn India has received environmental nod for raising crude oil production from its prolific Rajasthan fields by 50 percent to 300,000 barrels per day.

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