Oil India Q2 net profit rises 11% at Rs 674.80 cr

Turnover increased to Rs 2,956.51 crore in the second quarter of the current fiscal.

Gas leakage at OIL well in Rajasthan partially controlled

A major gas leakage at an Oil India Ltd was partially controlled today.

Efforts on to plug major gas leak at OIL well in Rajasthan

Efforts are on to control a major gas leakage at an Oil India Ltd (OIL) well in Rajasthan's Dandewala region, from where the highly inflammable gas has been oozing out for the last six days.

OIL holds participatory interest in 27 NELP blocks: CMD

Oil India Limited (OIL) holds participatory interest (PI) in 27 NELP blocks at the end of NELP IX bidding round.

Govt not to go ahead with OIL stake sale soon

The government had planned to sell 10 percent shares in OIL, the nation's second biggest state-owned oil producer.

OIL appoints Roy as Director for HR and Business Development

Biswajit Roy has taken over as the Director (Human Resources and Business Development) of Oil India Ltd (OIL), the nation's second-largest exploration and production company.

NRL chalks out Rs 20,000 crore refinery expansion plan

PSU major Bharat Petroleum Corporation Limited holds 61.65 percent stake in NRL, while Oil India Ltd and the Assam government have 26 percent and 12.35 percent shareholdings respectively in the firm.

Oil India June-qtr Net up 40% at Rs 851.87 cr

State-owned Oil India Ltd (OIL) Tuesday reported a 40 percent jump in its June quarter net profit as its net price realisation soared after cut in subsidy.

OIL signs MoU with Russia's Gazprom

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

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%

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

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

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

OIL to borrow $900 million to refinance Mozambique stake loan

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

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

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

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

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

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

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.