India's crude oil production drops 2.19 per cent in February
Crude oil production by Oil India Ltd in the nomination block during February 2022 was 230.25 TMT, which is 5.38 per cent higher when compared with production of February 2021.
Mar 22, 2022, 20:53 PM IST
Fire in Assam gas well periphery doused; area up to 1.5 km radius declared 'red zone'
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.
Jun 11, 2020, 14:23 PM IST
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.
Nov 23, 2018, 17:47 PM IST
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.
Oct 09, 2017, 13:59 PM IST
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.
Apr 12, 2017, 15:19 PM IST
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.
Feb 21, 2017, 23:13 PM IST
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.
Oct 05, 2016, 21:34 PM IST
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.
Sep 16, 2016, 12:40 PM IST
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.
Mar 17, 2016, 22:57 PM IST
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.
Nov 09, 2015, 20:42 PM IST
Gas leakage at OIL well in Rajasthan partially controlled
A major gas leakage at an Oil India Ltd was partially controlled today.
Oct 15, 2015, 15:52 PM IST
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.
Oct 14, 2015, 16:02 PM IST
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.
Sep 26, 2015, 20:00 PM IST
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.
Aug 30, 2015, 11:13 AM IST
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.
May 08, 2015, 18:03 PM IST
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.
Nov 26, 2014, 16:31 PM IST
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.
Aug 12, 2014, 21:34 PM IST
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.
Jun 20, 2014, 00:10 AM IST
