Oil India

Over The Barrel: Leadership lessons from GV Ramakrishna (GVR) – an exemplar civil servant

GV Ramakrishna recognised the thin line that divided the architects of policy from the preferment of advice. Politicians were elected to define the former; bureaucrats were responsible for the latter. GVR spoke truth to the p

ONGC, Indian Oil shares at 52-week highs; BSE oil & gas, energy indices hit record as crude soars past $70

Oil stocks were in focus today as Brent crude futures surged over $70 a barrel on Monday for the first time since Coronavirus pandemic began

Indian refiners have begun preparatory work and can swiftly enter into contracts once the sanctions are lifted, he said.

3 oil & gas stocks to buy: BSE oil & gas index at new 52-wk high; Modi commits to bring gas under GST

Oil and gas stocks were in focus on Friday after Prime Minister Narendra Modi said that the government is committed to bring natural gas Goods and Services Tax (GST).

oil and gas, PM Modi, GST, ONGC

TDSAT में जाएगी ऑयल इंडिया, दूरसंचार विभाग की 48,489 करोड़ रु की मांग के खिलाफ उठा रही कदम

कंपनी के अध्यक्ष और प्रबंध निदेशक सुशील चंद्र मिश्रा ने यह जानकारी दी.

Oil India to move TDSAT against DoT seeking 48,489 crore rupee

दूरसंचार विभाग ने ऑयल इंडिया से मांगा 48,000 करोड़ का बकाया, TDSAT में अपील करेगी कंपनी

ऑयल इंडिया देश की दूसरी सबसे बड़ी तेल उत्पादक कंपनी है. 

Ajay Sawhney is new Oil India chairman

The government on Tuesday entrusted Ajay Prakash Sawhney, who is additional secretary in the petroleum ministry, with the charge of chairman and managing director of PSU explorer Oil India.

Oil India’s crude oil output falls 4 years in a row

Despite the country’s efforts to hike its hydrocarbon output, state-run producers are struggling to earn their spurs.

oil prices

Finmin lines up 16 PSUs for disinvestment; may fetch Rs 40,000 cr

Finance Ministry has drawn up a list of 16 PSUs including ONGC, Oil India and Coal India for disinvestment in 2016-17 which could fetch the exchequer Rs 40,000 crore at current stock value.

BPCL, IOC, Oil India consortium to buy 29.9% stake in TYNGD, shares surge

TYNGD is a wholly-owned subsidiary of Rosneft Oil Company, the National Oil Company (NOC) of Russia. The acquisition is subject to relevant board, government and regulatory approvals and is expected to close by September 2016

BSE Sensex, swan energy

Boost to Indian economy from falling oil prices ‘fading’: DBS

The benefits to the Indian economy from fall in crude oil prices will be "limited" this year and domestic reforms and developments will gain focus, a report said.

indian oil corp

Govt waives customs duty on goods for idle fields of ONGC, OIL

The Union Cabinet had on September 2 last year approved MFP to bring idle fields of ONGC and OIL to production at the earliest so as to augment domestic production of oil and gas.

iran nuclear deal, iran nuclear, iran nuclear program, India, India Iran nuclear deal, Tehran, US, China, Rajeev Kher, India Iran trade

Oil & Gas sector: Christmas cheers – Uncle Sam to Indian refiners

With the closing of WTI-Brent arbitrage, US upstream players including shale will benefit and a resultant shift in global refining competitiveness will favour Asia

Nations cut taxes to help oil firms, India stays put

Domestic explorers cut capex; analysts for ad valorem cess

Oil prices

Indian Oil, Oil India may buy 20 per cent in Rosneft asset

Indian Oil Corporation (IOC) and Oil India (OIL) move comes after another Indian explorer ONGC Videsh, in September, announced buying 15% stake in Vankorneft from the Russian firm for $1.25 billion.

Indian oil

Buy rating on Oil India Ltd: Levered to oil price

While oil production volumes at 0.8 mmt saw a marginal downtick, gas production volumes were higher 9.3% q-o-q and 1.2% y-o-y

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

State-owned Oil India Ltd today reported an 11 per cent rise in its second quarter net profit at Rs 674.80 crore, helped by higher realisation on crude oil sales.

Govt to form secy-level panel to find Oil India head

After three failed attempts by the Public Enterprises Selection Board (PESB) to find the chairman and managing director for Oil India...

Crude oil

Revenue-share mode for marginal oil fields

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday kicked off the much-anticipated revenue-sharing model for hydrocarbon contracts...

india iraq relations, india iraq trade, india iraq news, india iraq oil

Govt to auction 69 small oil and gas fields on revenue sharing model

The Cabinet Committee on Economic Affairs has decided to shift to revenue sharing model for contracts instead of cost-recovery while auctioning 69 marginal oil and gas fields in the next three months.

Oil and gas fields

Govt decision on auction of 69 small, marginal oil & gas fields likely today

The cabinet committee on economic affairs (CCEA) is likely to take up a proposal for the auctioning of 69 small and marginal fields surrendered...

New subsidy formula to boost ONGC, OIL India earnings in Q1

Oil and gas producers ONGC and Oil India are set to report strong numbers during April-June 2015, owing to better realisations from crude oil sales.

Govt exempts ONGC, OIL from LPG subsidy payments

The government has decided to exempt state-owned ONGC and Oil India from paying for LPG subsidies in current fiscal...

ONGC

ONGC, others to invest USD 6 bn in Mozambique

State-run ONGC, OIL and BPCL will in the next four years invest USD 6 billion in developing a giant gas field off the Mozambique coast and...

ONGC

Dharmendra Pradhan visits Mozambique to push investment closure

To ensure contracts by Indian explorers that have invested billions of dollars in stakes in Mozambique’s assets are concluded, petroleum minister Dharmendra Pradhan...

India may exempt ONGC, Oil India from paying subsidy in March-qtr: Source

India's state-backed oil producers Oil and Natural Gas Corp Ltd and Oil India Ltd may be exempt from paying subsidies to fuel retailers in the March quarter...

ONGC

First ever cut in gas price to kick in from April 1

The price of domestic natural gas, which was hiked in November after a gap of more than five years and a spell of political wrangling...

lpg subsidy

Oil India Dec quarter profit halves to Rs 498.2 cr

State-owned Oil India Ltd today reported halving of its December quarter net profit as it was hit by low oil prices and fuel subsidy payout.

oil india, oil india december profit, oil india december quarter profit, oil india news
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