Page 5 - Oil India

ONGC wins seven of 11 blocks, OIL the remaining four under OALP-V

OALP Round V is expected to generate exploration work commitment of $400-450 mn; the 11 blocks spread over 8 sedimentary basins include 8 on-land, two shallow-water, and one ultra-deepwater block

ONGC, Oil India's earnings may suffer after sharp cut in gas prices

City gas distributors, fertiliser and other end users to gain; MGL can see up to 14 per cent earnings upside: Analysts.

MARKET WRAP: Sensex jumps 629 pts on broad-based buying; Nifty Bank up 3.7%

All that happened in the markets today

In a setback to ONGC, OIL, prices of domestic natural gas slashed by 25%

The government has also reduced the ceiling price for gas produced from deepwater, ultra-deepwater and high pressure, and high-temperature areas by 28 per cent to $4.06 per mmBtu

Two more months needed to kill damaged Baghjan gas well: Oil India chief

OIL Chairman and MD Sushil Chandra Mishra said it has started taking action against employees responsible for the mishap, which has killed three persons

Covid-19 impact: Fresh auction round likely for ONGC, Oil India blocks

It is also planning to give sops to producers by extending concessions, stretching timelines and asking the finance ministry to reduce oil cess.

ONGC, OIL earnings hinge on upside in crude prices as production stagnates

With not much upside in output and gas prices weak, earnings are expected to be under pressure

Oil India posts Q1 loss at Rs 249 crore due to slump in oil prices

Oil India Ltd on Saturday reported a net loss of Rs 249 crore in the first quarter of current fiscal year as compared to a net profit of Rs 625 crore in Q1 FY20

OIL suspends work for dousing Baghjan gas well blaze as casing valve cracks

The well no. 5 at Baghjan in Tinsukia district has been spewing gas uncontrollably for 85 days since a blowout on May 27 and it caught fire on June 9

Final killing operation to douse OIL's Baghjan well blaze underway

The well number 5 at Baghjan in Tinsukia district has been spewing gas uncontrollably since May 27 and it caught fire on June 9, killing two firefighters of the OIL at the site

Preparation on to cap damaged OIL well in Assam spewing gas for 78 days

Two attempts to cap the well, which is situated in Tinsukia district, made in a fortnight have failed

Second attempt to shut damaged Oil India's gas well in Assam fails

The second attempt to shut Oil India's damaged well at Baghjan in Assam, which has been spewing gas uncontrollably for 76 days, failed when the iron cable to lift the lid snapped, the PSU said.

Assam Baghjan well fire: Oil India objects to committee's report in NGT

The Committee of Experts has not made a site-visit till the filing of the Preliminary Report

AAI, HAL, OIL among firms on PSU panel's list for examination in FY21

The Committee on Public Undertakings met on July 29 and selected 11 subjects for a comprehensive examination

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