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OIL signs MoU with Russia's Gazprom

Last Updated: Friday, June 20, 2014, 00:10

Oil India Ltd, the second biggest state-run explorer in the country, today signed an agreement with Russia's Gazprom for joint pursuit of exploration opportunities across the globe.

ONGC pays Rs 272,721 cr in fuel subsidy

Last Updated: Tuesday, June 03, 2014, 17:41

State-owned Oil and Natural Gas Corp (ONGC) has paid a whopping Rs 272,721 crore in fuel subsidy over the past 11 years, denting its profitability.

Oil India Q4 profit slips 26%

Last Updated: Wednesday, May 28, 2014, 16:29

Oil India Ltd, the nation's second biggest state explorer, on Wednesday reported a 26 per cent drop in its fourth quarter as oil production fell and subsidy outgo rose sharply.

Oil India buys 50% stake in Russian oil block for $85 mn

Last Updated: Wednesday, May 07, 2014, 17:38

Oil India Ltd, the nation's second-biggest state-run explorer, has bought a 50 percent stake in an oil block in Russia for USD 85 million.

OIL is first India firm to raise $1 bn in foreign bond sale

Last Updated: Wednesday, April 09, 2014, 15:23

A Regulation S transaction implies that US-based investors cannot participate in the issue.

OIL to borrow $900 million to refinance Mozambique stake loan

Last Updated: Monday, April 07, 2014, 21:32

State-owned Oil India Ltd plans to raise USD 900 million in foreign debt to refinance a loan taken to fund its share of a stake in a super-giant Mozambique gas field acquired jointly with ONGC.

ONGC, OIL buy 10% govt stake in IOC

Last Updated: Friday, March 14, 2014, 15:26

State-owned ONGC and Oil India Ltd (OIL) on Friday bought 10 percent government stake in Indian Oil Corp (IOC) for Rs 5,340 crore.

Oil India board approves Indian Oil stake purchase

Last Updated: Tuesday, February 25, 2014, 19:16

The board of state-owned Oil India Ltd (OIL) has approved the acquisition of a 5 percent stake in Indian Oil Corp (IOC) from the government at a discount to the market price.

OIL Oct-qtr Net up 4% at Rs 902.96 cr

Last Updated: Wednesday, February 12, 2014, 21:59

State-owned Oil India Ltd (OIL) on Wednesday reported a 4 percent drop in the December quarter profit after output fell and fuel subsidy outgo surged.

ONGC to pay Rs 13,764 crore as fuel subsidy in Q3

Last Updated: Tuesday, January 28, 2014, 14:09

The government has ordered Oil and Natural Gas Corp (ONGC) to pay a near-record Rs 13,764 crore as fuel subsidy for the December quarter, a move that will dent the firm's profitability.

India seeks LNG from Mozambique

Last Updated: Wednesday, January 15, 2014, 21:46

After securing almost a third of a giant gas field in Mozambique, India Wednesday pitched for buying most of the natural gas from the project to feed its starving power plants back home.

ONGC-OIL pay $2.475 bn to Videocon Group

Last Updated: Tuesday, January 07, 2014, 16:33

State-owned Oil and Natural Gas Corp and Oil India Ltd Tuesday paid USD 2.475 billion to Videocon Group for acquiring 10 percent stake in a giant gas field off Mozambique.