Page 2 - Oil India

ONGC, OIL aim to launch ₹3,200 cr stratigraphic drilling campaign next year

State-run oil explorers ONGC and Oil India Ltd are planning to begin a Rs 3,200 crore stratigraphic drilling campaign in untapped offshore areas early next year, as part of efforts to discover new hydrocarbon reserves and cut reliance on imports, officials said. In the first phase, four wells will be drilled in deepsea of Andaman, Mahanadi, Saurashtra and Bengal sedimentary basins. Global energy giant BP will provide technical expertise in identifying the locations as well as drilling, officials said. Stratigraphic drilling - also known as a stratigraphic test well - is a type of exploratory drilling aimed at studying underground geological formations rather than producing oil or gas. These wells are drilled to gather data on subsurface layers through continuous coring, petrophysical logging, and seismic data integration. The objective is to build a detailed geological profile to support future hydrocarbon exploration, without any immediate intent to extract resources. This will he

Hindustan Copper, Oil India sign pact for critical mineral exploration

Hindustan Copper Ltd (HCL) on Friday entered into an initial pact with Oil India Ltd for cooperation on exploration and development of critical and strategic minerals, including copper. The development comes at a time when the country is prioritising domestic production to reduce import dependency on China. State-owned Oil India Ltd (OIL) has a proven expertise in exploration, development, production and transportation of crude oil and natural gas. "In a significant step towards strengthening India's self-reliance in critical and strategic mineral sourcing, Oil India Ltd and Hindustan Copper Ltd signed a Memorandum of Understanding (MoU) on September 19, 2025," HCL said in a statement. HCL, a PSU under the mines ministry, is engaged in mining, production, processing and marketing of copper and related products. It is focusing on mining and beneficiation of copper ore and selling of copper concentrate. Hindustan Copper had earlier told PTI that it plans to bid for critical mineral

Oil India targets ₹1.3 trillion capex by 2030, says CMD Ranjit Rath

Oil India chief expects that the construction of Mozambique LNG project will resume by the end of this year

Oil India sees restart of Mozambique LNG project by year's end

TotalEnergies halted construction of the project and imposed force majeure in 2021 following a deadly attack on the site by Islamic State-linked insurgents

Attractive valuations largely limit downside risks for upstream players

Despite weak crude prices and policy risks, ONGC and Oil India trade at steep discounts to global peers, with growth projects and NWG premiumisation offering upside potential

Dividend stocks: Oil India, NTPC, ONGC, 60 others to remain in focus today

Here is the complete list of stocks that will remain in focus today as they are set to trade ex-dividend tomorrow, Thursday, September 4, 2025

Stocks to Watch today, Aug 28: IndiGo, Power Grid, Oil India, BPCL, RVNL

Stocks to Watch Today, Thursday, August 28, 2025: BSE, IndiGO, SMS Pharma, Dr Reddy's Labs, Oil India, BPCL, SBI Cards, Power Grid, are RVNL are among the top stocks to remain in focus today

BPCL, OIL to build city gas network in Arunachal under new joint venture

Arunachal Pradesh is set to get a city gas distribution network with Bharat Petroleum Corp Ltd (BPCL) and Oil India Ltd (OIL) signing an agreement on Tuesday to set up a joint venture company to implement the project. As a part of the project, Compressed Natural Gas (CNG) stations will be set up and Piped Natural Gas (PNG) will be supplied to households, commercial units, and industries in the state, a statement said. The initiative is aimed at expanding clean energy access and contributing to the socio-economic development of the northeastern state, in line with the government's gas-based economy vision, it said. The agreement was signed at BPCL's corporate office in Mumbai in the presence of its CMD Sanjay Khanna and OIL's CMD Ranjit Rath. "This joint venture reaffirms BPCL's commitment to expanding clean energy access across India, with special focus on the North-East. Together with OIL, we will build a strong city gas distribution network to serve households, industries, and ..

Oil India share price tanks 5% post Q1 results; check stock strategy here

Oil India stock was trading 5 per cent lower at ₹403.55 per share compared to the previous day's close of ₹425.1 per share on the NSE

Stocks to Watch today, Aug 13: Paytm, Nykaa, NSDL, ONGC, Cochin Shipyard

Stocks to Watch today, August 13, 2025: Paytm, Nykaa, ONGC, NSDL, and Cochin Shipyard are some of the key stocks to watch today

Oil India Q1 profit steady at ₹1,896 cr; revenue down 6.4% Y-o-Y

The state-run oil and gas company's revenue from operations stood at ₹8,749.94 crore in Q1FY26, down 6.4 per cent from ₹9,350.89 crore in the year-ago quarter

Stocks to Watch, Thursday, July 10: Oil India, TCS, Waaree Energies

Stocks to Watch today, July 10, 2025: TCS, Waaree Energies and Enviro Infra are some of the top stocks to watch today

Oil India, GAIL extend 15-year gas supply deal from Rajasthan fields

The supplied gas will be used by the state-run Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) for the production of power

OIL targets LatAm lithium; govt weighs soft finance, quicker nods

A team from OIL - the first state-run oil firm to set up a dedicated department for critical minerals - visited the so-called Lithium Triangle last month

How to trade HPCL, BPCL, ONGC as Crude Oil boils to 5-month high at $77/bbl

Technical chart shows that this oil-related India-listed stock - OIL India - can potentially rally up to 27% from here on as Crude Oil soars on Israel-Iran war fears.

OMCs, paint, tyre stocks fall; upstream oil mixed as oil price rises 13%

BPCL, HPCL, IOC, Asian Paints and other downstream oil companies' stock fell, while ONGC, Oil India rose after Brent crude oil spiked 13 per cent

Oil India commences natural gas production from Bakhri Tibba in Jaisalmer

Government owned Oil India Ltd (OIL) has commenced natural gas production from the Bakhri Tibba block, located in the desert belt near the India-Pakistan border in Rajasthan's Jaisalmer district. The commencement of natural gas production was announced by Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri. Taking to social media platform 'X', the Union Minister hailed the milestone as a testament to the company's resilience and commitment. "This milestone is a shining example of Oil India Ltd's resilience, resolve and responsibility in delivering energy under challenging frontier conditions," Puri posted on Monday. He further said, "I commend the relentless efforts of the Oil India team, who brave extreme situations daily to ensure stable energy flow. Every hydrocarbon molecule produced brings us closer to energy security and self-reliance," he added. Oil India has begun production from the DSF-III (Discovered Small Field) block in Bakhri Tibba. The operation is situ

Foreign technical partners to have 1st right of refusal on oil finds: Puri

Petroleum minister cites ONGC-BP and Oil India-Petrobras deals as models where foreign technical partners will be given priority rights on oil or gas discoveries

Prepared for $65 per barrel crude oil price range for FY26: OIL CMD Rath

Drilling begun in Cambay Basin, second well dug in Andaman seas

Coal India, Hindustan Zinc and Oil India win auction of mineral blocks

Regular auction of critical mineral blocks is an important element in the strategy adopted by the Ministry of Mines towards building self-sufficiency in critical minerals in the country