Page 8 - Oil India

Numaligarh Refinery signs MoU with OIL India to augment pumping capacity

This will help OIL to increase product evacuation from 1.72 million metric tonnes per annum (mmtpa) to 5.50 mmtpa through Numaligarh-Siliguri pipeline

Gauhati HC stays Centre's nod to OIL for drilling inside national park

The Gauhati High Court on Monday stayed the Centre's permission to Oil India Ltd (OIL) to drill seven wells inside Dibru-Saikhowa National Park, which is adjacent to Baghjan well blaze site in Tinsukia district. The stay order was issued by a division bench of Chief Justice (Acting) N Kotiswar Singh and Justice Manish Chowdhury disposing a PIL filed jointly by advocate Mrinmoy Khataniar and mountaineer Amar Jyoti Deka. The PIL was filed against the Centre's approval to OIL for drilling inside the forest very rich in biodiversity by amending existing norms like public hearing under the draft Environment Impact Assessment Notification 2020. The petition contended that the Ministry of Environment, Forest and Climate Change(MoEF&CC) had amended the existing rule related to public hearing on January 16, 2020 and categorised all onshore and offshore oil and gas explorations as 'B2 Project' from 'A Project' earlier. The MoEF&CC had accorded environmental clearance to ...

Assam gas well fire fully put out after more than 5 months, says Oil India

The damaged gas well at Baghjan in Assam was successfully 'killed' and the blaze was fully doused after over five months of a blowout, Oil India said

Oil India makes natural gas discovery in Assam's Tinsukia

On testing, it produced gas at the rate of 115,000 standard cubic meters per day

Oil India reports net profit of Rs 239 crore in September quarter

On a YoY basis, the Q2 net profit of the company, however, saw wide erosion dropping by almost 62 per cent from a level of Rs 627.23 crore in the July-September quarter of FY20

Oil India Q2 net profit drops 42% to Rs 381 crore on blowout expense

Out of Rs 227.51 crore, Rs 134.12 crore has been booked during September quarter.

ONGC wins seven of 11 blocks, OIL the remaining four under OALP-V

OALP Round V is expected to generate exploration work commitment of $400-450 mn; the 11 blocks spread over 8 sedimentary basins include 8 on-land, two shallow-water, and one ultra-deepwater block

ONGC, Oil India's earnings may suffer after sharp cut in gas prices

City gas distributors, fertiliser and other end users to gain; MGL can see up to 14 per cent earnings upside: Analysts.

MARKET WRAP: Sensex jumps 629 pts on broad-based buying; Nifty Bank up 3.7%

All that happened in the markets today

In a setback to ONGC, OIL, prices of domestic natural gas slashed by 25%

The government has also reduced the ceiling price for gas produced from deepwater, ultra-deepwater and high pressure, and high-temperature areas by 28 per cent to $4.06 per mmBtu

Two more months needed to kill damaged Baghjan gas well: Oil India chief

OIL Chairman and MD Sushil Chandra Mishra said it has started taking action against employees responsible for the mishap, which has killed three persons

Covid-19 impact: Fresh auction round likely for ONGC, Oil India blocks

It is also planning to give sops to producers by extending concessions, stretching timelines and asking the finance ministry to reduce oil cess.

ONGC, OIL earnings hinge on upside in crude prices as production stagnates

With not much upside in output and gas prices weak, earnings are expected to be under pressure

Oil India posts Q1 loss at Rs 249 crore due to slump in oil prices

Oil India Ltd on Saturday reported a net loss of Rs 249 crore in the first quarter of current fiscal year as compared to a net profit of Rs 625 crore in Q1 FY20

OIL suspends work for dousing Baghjan gas well blaze as casing valve cracks

The well no. 5 at Baghjan in Tinsukia district has been spewing gas uncontrollably for 85 days since a blowout on May 27 and it caught fire on June 9

Final killing operation to douse OIL's Baghjan well blaze underway

The well number 5 at Baghjan in Tinsukia district has been spewing gas uncontrollably since May 27 and it caught fire on June 9, killing two firefighters of the OIL at the site

Preparation on to cap damaged OIL well in Assam spewing gas for 78 days

Two attempts to cap the well, which is situated in Tinsukia district, made in a fortnight have failed

Second attempt to shut damaged Oil India's gas well in Assam fails

The second attempt to shut Oil India's damaged well at Baghjan in Assam, which has been spewing gas uncontrollably for 76 days, failed when the iron cable to lift the lid snapped, the PSU said.

Assam Baghjan well fire: Oil India objects to committee's report in NGT

The Committee of Experts has not made a site-visit till the filing of the Preliminary Report

AAI, HAL, OIL among firms on PSU panel's list for examination in FY21

The Committee on Public Undertakings met on July 29 and selected 11 subjects for a comprehensive examination