Page 9 - Oil India

Attempt to cap gas well at Baghjan failed, reasons being examined: OIL

Well number 5 at Baghjan has been spewing gas uncontrollably for the last 66 days since May 27 and it caught fire on June 9, killing two of OIL's firefighters at the site

OIL pre-tax profit jumps two-fold in Q4 over reversal of deferred tax

It had reported a pre-tax profit of Rs 89.22 crore in the corresponding period of 2018-19

No oil flow from Baghjan gas well site to water bodies, assures OIL

PSU major Oil India Limited has said that no oil is flowing into water bodies from a gas well in Assam's Baghjan following a blowout last month

CBI charges Videocon's Venugopal Dhoot, bankers with 'criminal conspiracy'

Dhoot has been earlier booked by the CBI in the Videocon-ICICI bank loan case.

Assam well fire: Over 7,600 MT crude oil production lost due to blockades

Locals said the fire had left a trail of devastation in the adjoining areas, including a famous lake; Farms with standing crops as well as ponds and wetlands have also been affected

Will withdraw 96% of Rs 4 trn AGR-related dues against PSUs: Centre to SC

The bench asked the telecom companies to file their financial statements before it and fixed the matter for hearing in third week of July

Stock ideas by HDFC Securities: Buy ICICI Lombard GIC, Oil India

The primary trend of the ICICI Lombard GIC's stock is bullish

Two firefighters dead in gas well blowout blaze in Assam, says Oil India

The two firefighters had gone missing after the well caught fire on Tuesday and their bodies were recovered by an NDRF team this morning

Congress accuses Dharmendra Pradhan of ignoring oil well fire in Assam

Assam Congress says blaze in Tinsukia district is now in its 14 days but union minister, his officials don't care.

Attempt to cap gas blowout in Assam in 2-3 days with help from experts: OIL

Expert team from Singapore to help in stopping the uncontrolled gas flow

India's natural gas output falls 18.6% in April due to Covid-19 lockdown

India's crude oil production fell 6.35 per cent to 2.5 million tonnes in April for the same reason

Centre sets up six-member panel to review production sharing contracts

Because of lower oil and gas price environment, there is a need to find ways of attracting investment in exploration and production of oil and gas

Govt cuts domestic natural gas price by 26% for first half of FY21

The rate for gas produced from difficult fields will be $5.61 mBtu on gross calorific value basis.

ONGC, Oil India stare at steep earnings cut as crude price crashes

Covid-19 onslaught on crude oil prices to impact profitability of the two oil producers severely; analysts cut ONGC's FY21 earning estimate by 70 per cent

India's oil production in February dips 6.4% on lower private sector output

ONGC reported a 4.64% rise in production at 1.67 million tonnes as output from its offshore fields saw a pick-up

Oil price crash could help India's economy but will hurt country's OMCs

If the prices of oil threaten to remain at such low levels, both government-run ONGC and Oil India as well as private sector RIL-BP or Vedanta could find it extremely unprofitable to dig more fields

Lower crude regime to impact upstream companies, dampen capex plans

Firms fear huge impact on top lines, say investments in oil and gas sector will be affected

AGR case: Govt detaches GAIL, Oil India and other PSUs from SC order

Bharti Airtel paid Rs 10,000 crore, with Rs 27,740 crore balance remaining, he said, adding Vodafone Idea has paid Rs 3,500 crore and Rs 49,538 crore remained due

Non-telecom PSUs to take common legal recourse for AGR: GAIL chairman

GAIL lines up Rs 1 trillion capex for next five years

Natural gas prices in India likely to be cut by steep 25% from April

This will be the second reduction in six months and will reduce rates to the lowest in two-and-half-years