Oil India Ltd News

TotalEnergies, Oil India sign pact on methane emissions detection

French energy giant TotalEnergies and state-owned Oil India Ltd (OIL) signed a cooperation agreement to carry out methane emissions detection and measurement campaigns at the Indian firm's sites. The two will use TotalEnergies' pioneer AUSEA technology, the French firm said in a statement. OIL recently joined the Oil and Gas Decarbonization Charter (OGDC), a global industry initiative launched at COP28, co-chaired by TotalEnergies' CEO. The OGDC's ambition is to work towards net-zero operations by 2050, as well as near-zero upstream methane emissions and zero routine flaring by 2030. Moreover, OGDC members are committed to measuring and publicly reporting progress. "In line with the OGDC's principle of sharing good practices, TotalEnergies makes this technology available to other operators among the signatories, as an effective and recognized tool to detect, measure and eventually abate methane emissions on their own assets," the statement said. Mounted on a drone, the AUSEA gas .

Here's why Oil India shares were buzzing in trade on November 19; details

Oil India stock price gained after the company announced that TotalEnergies and Oil India has signed a Cooperation Agreement to carry out methane emissions detection and measurement campaign

Oil India shares fall 3% after Nifty F&O inclusion; key detail inside

Oil India shares also are trading ex-dividend today, following the interim dividend announcement of Rs 3 per share for the financial year 2024-25

ONGC, HAL, SJVN: 5 PSU stocks that can rally up to 25% by year-end

PSU stocks such as ONGC, HAL, Oil India, SJVN and BEL have retraced up to 50% of its previous rally; tech charts indicate that as long as the recent lows are protected a bounce back seems likely.

Oil India Q2 results: Net profit rises multi-fold to Rs 2,016 crore

Company's board approves three joint ventures, announces Rs 3 interim dividend

Q2 results today: Titan, Mazagon, and Dr Reddy's among 63 to post earnings

Q2 results today, November 5: GAIL India, Oil India, Merger Paints, Mankind Pharma, and Saregama will be releasing their earnings report for the July-September quarter on Nov 5

Oil India up 3% on Motilal Oswal's 'buy' rating with target price of Rs 720

Amid weak crude oil prices, the share price of Oil India has declined 23 per cent from its record high level of Rs 767.30 touched on August 30.

Oil India, ONGC surge up to 6% in weak market on rising crude oil prices

In one month, ONGC (down 6%) and Oil India (down 17%) have underperformed the Sensex, which down less than 1% as the lower crude price momentum has led to correction in state-owned upstream companies.

Navratri 2024: 9 stocks for your equity portfolio for sparkling returns

ONGC, Oil India, GNFC, Tata Chemicals and Sun Pharma are among the 9 stocks that could rally up to 20%, suggests technical charts. Check key support and resistance levels for these stocks here.

OIL to invest Rs 25,000 cr in clean energy for net zero emissions by 2040

State-owned Oil India Ltd plans to invest Rs 25,000 crore in clean energy projects to help achieve the net zero carbon emission goal by 2040, its chairman Ranjit Rath said on Saturday. OIL's net zero plan includes a combination of cutting down the flaring of gas and commercialisation of stranded gas as well as setting up renewable electricity generation capacity, building green hydrogen plants and constructing biogas and ethanol plants. The net zero plans will go alongside its target to raise crude oil and natural gas production to 9 million tonnes of oil and oil equivalent gas by 2025-26 from 6.5 million tonnes produced in the fiscal year ended March 31, 2024, he told reporters here. The company also plans to lay an 80-kilometer pipeline to bring natural gas from fields in Arunachal Pradesh to Assam to help replace polluting liquid fuels in transport as well as industries. "Achieving a net zero target involves a bouquet of activities," he said. It already has firmed up plans for

OIL aims to drill 75-plus wells in FY25 using more rigs, newer tech: CMD

Unrest in Bangladesh hasn't impacted Numaligarh refinery expansion, Indo-Bangla pipeline

5 stocks to buy and sell as crude oil prices drop to $70 a barrel

Here's a technical outlook on stocks linked to crude oil prices, which is down 23% from its peak and trades near 3-year lows. Among stocks, Asian Paints and MRF look favourable on charts; here's why.

Oil India, ONGC dip up to 6% as crude oil prices fall on demand concerns

While upstream earnings are currently impacted, with the OPEC+ delaying its planned rise in production, analysts at Prabhudas Lilladher expect oil prices to rebound to $75-80 per barrel soon.

This PSU upstream oil stock has zoomed 209% thus far in calendar year 2024

Oil India shares have zoomed 209 per cent in the calendar year 2024, as compared to 14 per cent rise in the BSE Sensex.

Windfall tax boost: ONGC, Oil India surge up to 4% in Monday's trade

Analysts at JM Financial believe the strong pricing power of OPEC+ will continue to support Brent at ~$80/bbl, which is the fiscal break-even crude price for Saudi Arabia and a sweet spot for OIL/ONGC

Oil India stock surges 21% in one week as brokerages remain upbeat

Elara Capital maintained a 'Buy' rating on OIL with a target price of Rs 780 per share on higher FY26E EV/EBITDA assumption at 10.0x (from 7.0x), led by expectations of strong production growth.

RVNL, Voda Idea, Dixon, HDFC Bk can rally up to 27% on MSCI inclusion boost

MSCI India August rejig: 7 stocks to be included in the India Index, HDFC Bank weightage to increase in 2 tranches; Bandhan Bank on its way out.

Oil India rallies 7%, hits record high post Q1 results; ONGC surges 4%

Analysts at JM Financial Institutional Securities have maintained their 'Buy' rating on Oil India with a revised target price of Rs 700 per share as risk-reward is still reasonable

Oil India Q1 results: PAT declines 9% to Rs 1,467 cr on higher expenses

Its profit fell 9 per cent year-on-year to Rs 1,467 crore (about $175 million) in the three months ended June 30, falling behind analysts' predicted profit of Rs 1,687 crore, per LSEG data

ONGC rallies 8% on upbeat volume guidance; Oil India surges 9%

ONGC management expects total crude oil/gas production volume (incl. JV) to rise by 12 per cent/27 per cent to 23.1mmt/25.9mmt by FY27, mainly driven by KG-98/2 and Daman upside development.