Page 11 - Oil India

ONGC, OIL earnings hinge on upside in crude prices as production stagnates

With not much upside in output and gas prices weak, earnings are expected to be under pressure

Oil India posts Q1 loss at Rs 249 crore due to slump in oil prices

Oil India Ltd on Saturday reported a net loss of Rs 249 crore in the first quarter of current fiscal year as compared to a net profit of Rs 625 crore in Q1 FY20

OIL suspends work for dousing Baghjan gas well blaze as casing valve cracks

The well no. 5 at Baghjan in Tinsukia district has been spewing gas uncontrollably for 85 days since a blowout on May 27 and it caught fire on June 9

Final killing operation to douse OIL's Baghjan well blaze underway

The well number 5 at Baghjan in Tinsukia district has been spewing gas uncontrollably since May 27 and it caught fire on June 9, killing two firefighters of the OIL at the site

Preparation on to cap damaged OIL well in Assam spewing gas for 78 days

Two attempts to cap the well, which is situated in Tinsukia district, made in a fortnight have failed

Second attempt to shut damaged Oil India's gas well in Assam fails

The second attempt to shut Oil India's damaged well at Baghjan in Assam, which has been spewing gas uncontrollably for 76 days, failed when the iron cable to lift the lid snapped, the PSU said.

Assam Baghjan well fire: Oil India objects to committee's report in NGT

The Committee of Experts has not made a site-visit till the filing of the Preliminary Report

AAI, HAL, OIL among firms on PSU panel's list for examination in FY21

The Committee on Public Undertakings met on July 29 and selected 11 subjects for a comprehensive examination

Attempt to cap gas well at Baghjan failed, reasons being examined: OIL

Well number 5 at Baghjan has been spewing gas uncontrollably for the last 66 days since May 27 and it caught fire on June 9, killing two of OIL's firefighters at the site

OIL pre-tax profit jumps two-fold in Q4 over reversal of deferred tax

It had reported a pre-tax profit of Rs 89.22 crore in the corresponding period of 2018-19

No oil flow from Baghjan gas well site to water bodies, assures OIL

PSU major Oil India Limited has said that no oil is flowing into water bodies from a gas well in Assam's Baghjan following a blowout last month

CBI charges Videocon's Venugopal Dhoot, bankers with 'criminal conspiracy'

Dhoot has been earlier booked by the CBI in the Videocon-ICICI bank loan case.

Assam well fire: Over 7,600 MT crude oil production lost due to blockades

Locals said the fire had left a trail of devastation in the adjoining areas, including a famous lake; Farms with standing crops as well as ponds and wetlands have also been affected

Will withdraw 96% of Rs 4 trn AGR-related dues against PSUs: Centre to SC

The bench asked the telecom companies to file their financial statements before it and fixed the matter for hearing in third week of July

Stock ideas by HDFC Securities: Buy ICICI Lombard GIC, Oil India

The primary trend of the ICICI Lombard GIC's stock is bullish

Two firefighters dead in gas well blowout blaze in Assam, says Oil India

The two firefighters had gone missing after the well caught fire on Tuesday and their bodies were recovered by an NDRF team this morning

Congress accuses Dharmendra Pradhan of ignoring oil well fire in Assam

Assam Congress says blaze in Tinsukia district is now in its 14 days but union minister, his officials don't care.

Attempt to cap gas blowout in Assam in 2-3 days with help from experts: OIL

Expert team from Singapore to help in stopping the uncontrolled gas flow

India's natural gas output falls 18.6% in April due to Covid-19 lockdown

India's crude oil production fell 6.35 per cent to 2.5 million tonnes in April for the same reason

Centre sets up six-member panel to review production sharing contracts

Because of lower oil and gas price environment, there is a need to find ways of attracting investment in exploration and production of oil and gas