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Aban Offshore

RIL, ONGC: Keep stocks of these oil explorers on radar as crude prices soar

Charts suggest that shares of oil exploration companies can rally over 16 per cent from present levels.

RIL, ONGC: Keep stocks of these oil explorers on radar as crude prices soar
Updated On : 16 Oct 2023 | 12:08 PM IST

Central Bank withdraws IBC case as Aban Offshore pays one-time settlement

The company has repaid outstanding principal of Rs 121.78 crore to the bank, is in talks with other lenders for debt resolution plan

Central Bank withdraws IBC case as Aban Offshore pays one-time settlement
Updated On : 12 Sep 2022 | 8:25 PM IST

ONGC, Aban Offshore: Oil exploration stocks may rally further, charts show

Oil prices gained for the fourth day on Wednesday, extending a rally driven by hopes that a Covid-19 vaccine will boost fuel demand.

ONGC, Aban Offshore: Oil exploration stocks may rally further, charts show
Updated On : 25 Nov 2020 | 2:10 PM IST

In talks with banks, stakeholders for settlements of dues: Aban Offshore

Capacity utilisation of company's rigs at its disposal increased to 55% in 2019-20 from 38% in 2018-19

In talks with banks, stakeholders for settlements of dues: Aban Offshore
Updated On : 22 Aug 2020 | 11:49 AM IST

Central Bank withdraws insolvency application against Aban Offshore

Both parties say they are settling dispute; NCLT dismisses application, permits lender to approach it later

Central Bank withdraws insolvency application against Aban Offshore
Updated On : 01 Oct 2019 | 7:16 PM IST

Aban Offshore's receivables from Iran dip $36 mn after lifting of sanctions

Aban Offshore, which provides drilling and support services for offshore oil exploration and production, has started seeing positive news after sanction against Iran has been lifted. The company not only started seeing dip in receivables, the reelection of the President in Iran would pave way for more order flows. The company is also betting big on the Middle East market.The development comes on the backdrop of lifting of the US embargo on Iran.S Srinivasan, senior vice president, Aban Offshore said that at the beginning of the year from Iran the company had around $288 million, that is, March 2016 and as on March 2017, Aban has only $252 million."We have reduced the receivables by around $36 million plus and we have also collected whatever has been billed," said Srinivasan. This means a net reduction of about $36 million from Iran."The re-election of the President is definitely positive, so I think the reformist agenda will continue," said Srinivasan.He added, Iran which used to ...

Aban Offshore's receivables from Iran dip $36 mn after lifting of sanctions
Updated On : 05 Jun 2017 | 12:27 PM IST

Aban Offshore in discussion with lenders on repayment issues

The company has nine out of 18 rigs working while others are idle at the end of September

Aban Offshore in discussion with lenders on repayment issues
Updated On : 13 Nov 2016 | 3:19 PM IST

Aban Offshore strengthens balance sheet, promoters infuse $25 mn in co

Debts of $22 million were cleared-off and a loan of $65 million was extended for two years

Aban Offshore strengthens balance sheet, promoters infuse $25 mn in co
Updated On : 29 Sep 2016 | 11:15 AM IST

Aban Offshore sees surge in receivables from Iran after sanctions eased out

Company receives $51 million in Q1 as against equivalent money in 2015-16

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Updated On : 23 Aug 2016 | 5:21 PM IST

Aban Offshore Q1 net at Rs 89 cr

Total income rose marginally to Rs 259 cr

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Updated On : 12 Aug 2016 | 5:23 PM IST

Aban Offshore gains as arm bags order from ONGC

The stock was up 4% to Rs 208 on the BSE in early morning trade.

Aban Offshore gains as arm bags order from ONGC
Updated On : 27 Jun 2016 | 9:27 AM IST

Aban's subsidiary bags order worth Rs 592 crore from ONGC

Aban provides drilling and support services for offshore oil exploration and production

Aban's subsidiary bags order worth Rs 592 crore from ONGC
Updated On : 25 Jun 2016 | 2:36 PM IST

Aban Offshore starts receiving payments as sanctions against Iran ease out

While banking channels aren't fully open yet, the company expects them to soon, and hopes to collect $280 million

Aban Offshore starts receiving payments as sanctions against Iran ease out
Updated On : 12 Jun 2016 | 3:21 PM IST

Aban Offshore plans to raise around $400 million through FCCBs, GDRs

The company also plans to raise Rs 2500 crore through the QIB route

Aban Offshore plans to raise around $400 million through FCCBs, GDRs
Updated On : 23 May 2016 | 4:55 PM IST