Oil India
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.
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
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.
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.
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
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.
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...
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...
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.
