Oil India reports marginal dip in Q4 profit to Rs 565.62 cr

Last Updated: Saturday, May 30, 2015, 21:41

State-owned Oil India Ltd on Saturday said March quarter net profit has dropped marginally to Rs 551.72 crore from Rs 565.62 crore in the same period a year ago.

OIL appoints Roy as Director for HR and Business Development

Last Updated: Friday, May 8, 2015, 18:03

Biswajit Roy has taken over as the Director (Human Resources and Business Development) of Oil India Ltd (OIL), the nation's second-largest exploration and production company.

Govt needs to reduce oil companies' burden over low margins: Fitch

Last Updated: Friday, May 8, 2015, 12:22

Lower oil prices have reduced net margins of two state-owned upstream companies, Oil India Ltd and ONGC Ltd and the government needs to reduce the burden on them, credit rating agency Fitch said Friday.

India's oil imports from Iran jump in April: Trade

Last Updated: Thursday, April 30, 2015, 16:27

India shipped in more than 17 percent more Iranian oil in April than a year before, buoyed by prospects of a diplomatic deal on Iran`s disputed nuclear programme by end-June, preliminary data from trade sources and compiled by Thomson Reuters Oil Analytics showed.

Govt to auction 69 small oil fields of ONGC, Oil India to private firms

Last Updated: Tuesday, April 21, 2015, 15:22

The government will soon auction 69 small and marginal oil fields of state-owned ONGC and Oil India to private firms as a precursor to a full fledged licensing round, Oil Secretary Saurabh Chandra said on Tuesday.

India to auction 69 marginal fields owned by ONGC, Oil India: Official

Last Updated: Tuesday, April 21, 2015, 13:45

"Marginal field policy will have approval soon for 69 fields which ONGC and Oil India have agreed to give. We hope to put them for bidding," Saurabh Chandra told reporters in New Delhi.

Oil India commissions 54 MW wind energy project

Last Updated: Friday, April 17, 2015, 13:09

The project cost Rs 439 crore -- Rs 126.5 crore for the Gujarat side and Rs 312.45 crore for the Madhya Pradesh location.

Govt picks up the tab for ONGC, OIL Q4 fuel subsidy

Last Updated: Thursday, April 16, 2015, 18:31

The government has exempted oil producers ONGC and Oil India Ltd from payment of fuel subsidy in the fourth quarter after the finance ministry agreed to meet all of the revenue loss on fuel sales.

OIL's 20 MW gas based power plant inaugurated

Last Updated: Wednesday, April 15, 2015, 21:58

Oil India Limited's 20 MW Gas Based Power Plant was inaugurated here by Minister of State for Petroleum and Natural Gas Dharmendra Pradhan today.

Essar Oil's CBM block production rises to 0.5 mmscmd

Last Updated: Monday, April 6, 2015, 15:45

Essar Oil said it has built a high quality infrastructure gas conditioning and compression stations, in-field pipelines of 120 kms and last mile pipeline connectivity network to end users of about 60 kms.

Essar Oil becomes India's largest CBM gas producer

Last Updated: Monday, April 6, 2015, 15:36

Indian oil and gas producer Essar Oil on Monday said it has become India`s largest coalbed methane (CBM) gas producer as its gas unit in Raniganj in West Bengal crossed production of 5 lakh standard cubic metres per day (scmd) recently.

IOC refineries to process 55 mn ton crude in FY16

Last Updated: Wednesday, April 1, 2015, 22:07

Indian Oil Corp, the nation's largest oil refiner, plans to process 55 million tons of crude oil into fuel in the 2015-16 fiscal, IOC Director (Refineries) Sanjiv Singh said today.