Last Updated: Thursday, July 31, 2014, 18:52
State-owned Oil & Natural Gas Corp and Oil India Ltd have submitted a joint bid worth about USD1.5 billion to buy Murphy Oil Corp`s Malaysian oil and gas assets, sources directly involved in the process said.
Last Updated: Tuesday, July 22, 2014, 17:47
India has cut its reliance on Iran for meeting its oil needs to less than 6 percent as it raised imports from countries like Columbia and Mexico.
Last Updated: Tuesday, July 08, 2014, 20:05
India on Tuesday paid the second installment of USD 550 million to Iran to clear over one-fourth of its dues for oil imports from the Persian Gulf nation.
Last Updated: Tuesday, June 24, 2014, 18:16
India's crude oil production dropped marginally in May as a fall in output at fields operated by state-owned ONGC and OIL negated increased flows from private firms including Cairn India.
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.
Last Updated: Tuesday, June 03, 2014, 21:28
Indian firms including Reliance Industries and Oil India raised USD 3.2 billion overseas via external commercial borrowings (ECBs) and foreign commercial convertible bonds (FCCBs) in April.
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.
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.
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.
Last Updated: Friday, April 11, 2014, 16:05
SBI has broken the record set by Oil India earlier this week by raising 25 percent more than the oil explorer.
Last Updated: Wednesday, April 09, 2014, 15:23
A Regulation S transaction implies that US-based investors cannot participate in the issue.
Last Updated: Tuesday, April 08, 2014, 22:44
State-run oil and gas explorer Oil India (OIL) Tuesday became the first Indian company to sell USD 1 billion worth of debt in its debut US dollar bond sale programme.
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