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Oil India Ltd 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.

11 Jun 2020

Fire in Assam gas well periphery doused; area up to 1.5 km radius declared 're

The blaze at the well is so massive that it can be seen from a distance of more than 30 kms with thick black smoke rising several metres high, endangering the local biodiversity in the Dibru-Saikhowa National Park following the blowout on May 27.

23 Nov 2018

Oil India Ltd to buy back 4.45% shares for Rs 1,085 crore

In a regulatory filing, OIL said its board has approved buyback of shares at an aggregate of no more than 10 per cent of the fully paid-up equity share capital and free reserves of the company.

Indian Oil Corp

09 Oct 2017

Indian Oil willing to buy GAIL or Oil India- Exec

Indian Oil also plans to open offices in Bangladesh and Myanmar in the next 4-6 months.

12 Apr 2017

OIL raises $500 mn in overseas bonds to part repay bridge loan

State-owned Oil India Ltd has raised USD 500 million through overseas bonds to pay for the bridge loan it had taken to acquire stake in Russian oilfields.

Oil and Natural Gas Corp

21 Feb 2017

ONGC takes $239 million hit from royalty payments

Oil and Natural Gas Corp will take a 16 billion rupee ($239 million) hit to its quarterly earnings to account for previous royalty payments to two states.

05 Oct 2016

OIL consortium completes $3.14 billion stake buy in Russian fields

OIL, Indian Oil Corp and a unit of Bharat Petroleum Corporation (BPCL) bought 29.9 percent stake in Taas-Yuryakh oilfield in East Siberia for USD 1.12 billion and another 23.9 percent in Vankor oilfield for USD 2.02 billion.

16 Sep 2016

Suzlon bags order from Oil India for 52.50 MW proj capacity

Energy solution provider Suzlon Group announced that it has won its maiden order from Oil India Ltd(OIL) for 52.50 MW project capacity.

17 Mar 2016

Oil price recovery poses downgrade risk to OIL, ONGC: Moody's

Moody's Investors Service Thursday said ratings of state-owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) may come under pressure if oil prices fall more sharply than expected and companies carry on with their growth and expansion plans aggressively.

09 Nov 2015

Oil India Q2 net profit rises 11% at Rs 674.80 cr

Turnover increased to Rs 2,956.51 crore in the second quarter of the current fiscal.

15 Oct 2015

Gas leakage at OIL well in Rajasthan partially controlled

A major gas leakage at an Oil India Ltd was partially controlled today.

14 Oct 2015

Efforts on to plug major gas leak at OIL well in Rajasthan

Efforts are on to control a major gas leakage at an Oil India Ltd (OIL) well in Rajasthan's Dandewala region, from where the highly inflammable gas has been oozing out for the last six days.

26 Sep 2015

OIL holds participatory interest in 27 NELP blocks: CMD

Oil India Limited (OIL) holds participatory interest (PI) in 27 NELP blocks at the end of NELP IX bidding round.

30 Aug 2015

Govt not to go ahead with OIL stake sale soon

The government had planned to sell 10 percent shares in OIL, the nation's second biggest state-owned oil producer.

08 May 2015

OIL appoints Roy as Director for HR and Business Development

Biswajit Roy has taken over as the Director (Human Resources and Business Development) of Oil India Ltd (OIL), the nation's second-largest exploration and production company.

26 Nov 2014

NRL chalks out Rs 20,000 crore refinery expansion plan

PSU major Bharat Petroleum Corporation Limited holds 61.65 percent stake in NRL, while Oil India Ltd and the Assam government have 26 percent and 12.35 percent shareholdings respectively in the firm.

12 Aug 2014

Oil India June-qtr Net up 40% at Rs 851.87 cr

State-owned Oil India Ltd (OIL) Tuesday reported a 40 percent jump in its June quarter net profit as its net price realisation soared after cut in subsidy.

19 Jun 2014

OIL signs MoU with Russia's Gazprom

Oil India Ltd, the second biggest state-run explorer in the country, today signed an agreement with Russia's Gazprom for joint pursuit of exploration opportunities across the globe.

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