Page 10 - Oil India

CBI books Shiv Vani Oil, two promoters for defrauding PNB of Rs 253 cr

Banks, NBFCs are estimated to have given Rs 3,587 crore to company accused of criminal conspiracy, cheating

NRL sale won't help BPCL valuation; proceeds to go as special dividend

The BPCL board had cleared the bids submitted by the OIL-headed consortium on March 1

OIL to up stake in Numaligarh Refinery via debt, internal accruals

Firm is eyeing the role of a vertically integrated oil company with stake hike

Oil India led consortium to bid for BPCL's stake in Numaligarh Refinery

As part of a larger plan for disinvestment of Public Sector Undertakings, the government wants to privatise downstream oil refiner BPCL by the end of the first half of next financial year (2021-22)

Engineers India, OIL to jointly bid for BPCL stake in Numaligarh Refinery

The refinery was incorporated on April 22, 1993 and has a 3 million tonnes per annum capacity. It is the largest customer of OIL's crude produced from its North Eastern fields

Engineers India and Oil India to bid for 61.6% stake in Numaligarh Refinery

The exact percentage of the stake of OIL and EIL will depend on the extent of right of first offer to be exercised by govt of Assam, which already holds 12.35% stake in NRL

Oil India reports higher Q3 profit over significant tax reversal

Company board declares 35 per cent dividend

ONGC, OIL not expecting year-end windfall with recovery in crude oil prices

Price movement nudges governments to scale back tax hikes

Numaligarh Refinery signs MoU with OIL India to augment pumping capacity

This will help OIL to increase product evacuation from 1.72 million metric tonnes per annum (mmtpa) to 5.50 mmtpa through Numaligarh-Siliguri pipeline

Gauhati HC stays Centre's nod to OIL for drilling inside national park

The Gauhati High Court on Monday stayed the Centre's permission to Oil India Ltd (OIL) to drill seven wells inside Dibru-Saikhowa National Park, which is adjacent to Baghjan well blaze site in Tinsukia district. The stay order was issued by a division bench of Chief Justice (Acting) N Kotiswar Singh and Justice Manish Chowdhury disposing a PIL filed jointly by advocate Mrinmoy Khataniar and mountaineer Amar Jyoti Deka. The PIL was filed against the Centre's approval to OIL for drilling inside the forest very rich in biodiversity by amending existing norms like public hearing under the draft Environment Impact Assessment Notification 2020. The petition contended that the Ministry of Environment, Forest and Climate Change(MoEF&CC) had amended the existing rule related to public hearing on January 16, 2020 and categorised all onshore and offshore oil and gas explorations as 'B2 Project' from 'A Project' earlier. The MoEF&CC had accorded environmental clearance to ...

Assam gas well fire fully put out after more than 5 months, says Oil India

The damaged gas well at Baghjan in Assam was successfully 'killed' and the blaze was fully doused after over five months of a blowout, Oil India said

Oil India makes natural gas discovery in Assam's Tinsukia

On testing, it produced gas at the rate of 115,000 standard cubic meters per day

Oil India reports net profit of Rs 239 crore in September quarter

On a YoY basis, the Q2 net profit of the company, however, saw wide erosion dropping by almost 62 per cent from a level of Rs 627.23 crore in the July-September quarter of FY20

Oil India Q2 net profit drops 42% to Rs 381 crore on blowout expense

Out of Rs 227.51 crore, Rs 134.12 crore has been booked during September quarter.

ONGC wins seven of 11 blocks, OIL the remaining four under OALP-V

OALP Round V is expected to generate exploration work commitment of $400-450 mn; the 11 blocks spread over 8 sedimentary basins include 8 on-land, two shallow-water, and one ultra-deepwater block

ONGC, Oil India's earnings may suffer after sharp cut in gas prices

City gas distributors, fertiliser and other end users to gain; MGL can see up to 14 per cent earnings upside: Analysts.

MARKET WRAP: Sensex jumps 629 pts on broad-based buying; Nifty Bank up 3.7%

All that happened in the markets today

In a setback to ONGC, OIL, prices of domestic natural gas slashed by 25%

The government has also reduced the ceiling price for gas produced from deepwater, ultra-deepwater and high pressure, and high-temperature areas by 28 per cent to $4.06 per mmBtu

Two more months needed to kill damaged Baghjan gas well: Oil India chief

OIL Chairman and MD Sushil Chandra Mishra said it has started taking action against employees responsible for the mishap, which has killed three persons

Covid-19 impact: Fresh auction round likely for ONGC, Oil India blocks

It is also planning to give sops to producers by extending concessions, stretching timelines and asking the finance ministry to reduce oil cess.