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ONGC-OIL bid for Videocon stake in Mozambique gas field

Last Updated: Thursday, March 14, 2013, 20:40

State-owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) Thursday made a joint bid to acquire up to 20 percent stake in a gaint Mozambique gas field.

OIL pays over Rs 518 cr interim dividend to govt this fiscal

Last Updated: Thursday, March 07, 2013, 15:29

OIL, which had paid a total dividend of 190 percent in 2011-12, in January declared an interim dividend of 110 percent for the current fiscal.

OIL net profit falls over 7% in Q3

Last Updated: Tuesday, February 12, 2013, 20:39

State-owned Oil India Ltd on Tuesday reported an over 7 percent drop in its third quarter net profit on higher fuel subsidy.

Oil India's Rs 2,500 crore stake sale on Friday

Last Updated: Wednesday, January 30, 2013, 09:07

The government will offload its 10 percent equity in Oil India Ltd (OIL) on Friday which may fetch the exchequer up to Rs 3,000 crore.

Oil India Ltd commences drilling operation in Gabon, Africa

Last Updated: Thursday, November 01, 2012, 15:56

The beginning of drilling on the first well in Gabon by India's flagship explorer was done on Sunday in the presence of senior officials of OIL and Punj Lloyd Upstream Ltd which has the contract for rig service, OIL said in a release.

OIL, IOC acquire 30% stake in US firm Carrizo for $82.5 mn

Last Updated: Thursday, October 04, 2012, 17:17

State-owned Oil India Ltd (OIL) and Indian Oil Corp (IOC) Thursday jointly bought 30 percent stake in Houston-based Carrizo Oil & Gas's Niobrara shale oil and gas assets in Colorado for USD 82.5 million (about Rs 428 crore).

Fire in oil well in Assam

Last Updated: Saturday, September 01, 2012, 17:01

A fire broke out in an oil well of Oil India Ltd in upper Assam`s Tinsukia district early this morning.

OIL in talks to buy 51% stake in Reliance Gas Transportation

Last Updated: Monday, May 28, 2012, 19:51

State-owned Oil India Ltd on Monday said it is in talks to buy 51 percent in billionaire Mukesh Ambani's privately owned firm Reliance Gas Transportation Infrastructure Ltd (RGTIL).

K Srivastava to take over as OIL Chairman Tuesday

Last Updated: Monday, April 30, 2012, 23:08

S K Srivastava, head of upstream oil regulatory authority DGH, will on Tuesday take over as the Chairman and Managing Director of nation's second biggest state-owned exploration firm, Oil India Ltd.

OIL in talks to buy stake in Chesapeake's Oklahoma oil assets

Last Updated: Wednesday, April 04, 2012, 19:11

State-owned Oil India Ltd (OIL) is in talks to buy a stake in Chesapeake Energy Corp's Mississippi Lime unconventional oil assets in Oklahoma.

OIL Q3 net up 11.7% at Rs 1,013.98 cr

Last Updated: Sunday, February 12, 2012, 16:08

The government plans to sell a part of its 78.4 percent stake in OIL in the share sale, the dates of which have not yet been decided.

OIL clears 3:2 bonus shares, interim dividend of Rs 10 a share

Last Updated: Saturday, February 11, 2012, 18:30

State-owned explorer Oil India on Saturday said its board of directors have agreed to issue 3:2 bonus shares -- three shares for every two held.