Oil India

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Oil India - Total results - 105
Experts likely to to take two more months to douse fire at OIL's Baghjan well, says Assam govt
India

Experts likely to to take two more months to douse fire at OIL's Baghjan well, says Assam govt

The well no 5 at Baghjan has been spewing gas uncontrollably for the last 99 days. Two firefighters were killed when the well caught fire on 9 June

Assam gas well fire: Oil India Ltd suspends two officials, issues notice to private well operator John Energy Pvt Ltd
India

Assam gas well fire: Oil India Ltd suspends two officials, issues notice to private well operator John Energy Pvt Ltd

Both the former employees asserted that Baghjan well will be dead after controlling the gas leak and it is advisable to plug it permanently for the future.

Baghjan oil field fire: Two firefighters found dead at site of blaze; PM has assured help to victims, says Assam CM
India

Baghjan oil field fire: Two firefighters found dead at site of blaze; PM has assured help to victims, says Assam CM

PSU major Oil India on Wednesday said two of its firefighters died at the site of a major blaze at its Baghjan well, which has been spewing gas uncontrollably for the last 15 days in Assam's Tinsukia district.

Massive fire at Assam's Baghjan oil field that suffered gas leak 2 weeks ago; need 4 weeks to safely cap well, says Oil India Ltd
India

Massive fire at Assam's Baghjan oil field that suffered gas leak 2 weeks ago; need 4 weeks to safely cap well, says Oil India Ltd

A massive fire engulfed the damaged Baghjan oil well on Tuesday which has been spewing gas uncontrollably for the last 14 days in Assam's Tinsukia district, official sources said.

AGR row: GAIL says DoT's Rs 1.83 lakh cr demand notice not material event, legally untenable
Business

AGR row: GAIL says DoT's Rs 1.83 lakh cr demand notice not material event, legally untenable

GAIL said it had refuted the provisional assessment orders of DoT and sought its withdrawal.

Coronavirus Outbreak: ONGC, IOC, other oil companies contribute over Rs 1,031 cr to PM CARES fund
Business

Coronavirus Outbreak: ONGC, IOC, other oil companies contribute over Rs 1,031 cr to PM CARES fund

Oil and Natural Gas Corp (ONGC), Indian Oil Corp (IOC) and other public sector oil companies have contributed over Rs 1,000 crore to the Prime Minister CARES Fund to help in the fight against COVID-19 pandemic

India's oil production in February dips 6.4% to 2.39 million tonnes on lower private sector output
Business

India's oil production in February dips 6.4% to 2.39 million tonnes on lower private sector output

India's oil production fell 6.4 percent in February as a decline in output from fields operated by private firms negated a rise in production from ONGC fields

AGR dues: Airtel, Vodafone Idea default on Rs 88,634 cr payment; DoT orders no coercive action against delay
Business

AGR dues: Airtel, Vodafone Idea default on Rs 88,634 cr payment; DoT orders no coercive action against delay

Following the 24 Supreme Court October order, the DoT had sought Rs 1.47 lakh crore from Bharti Airtel, Vodafone Idea and 13 other telecom companies

Oil India moves SC against DoT seeking Rs 48,000 cr payment on Rs 1.47 lakh cr revenue
Business

Oil India moves SC against DoT seeking Rs 48,000 cr payment on Rs 1.47 lakh cr revenue

On 22 January 2020, Oil India has filed a clarificatory/modificatory petition before the Supreme Court against its order and the next course of action will be based on the outcome of the petition.

BPCL privatisation: Indian Oil, other PSUs not to be allowed to bid for state-run oil firm, hints Dharmendra Pradhan
Business

BPCL privatisation: Indian Oil, other PSUs not to be allowed to bid for state-run oil firm, hints Dharmendra Pradhan

BPCL will give buyers ready access to 14% of India's oil refining capacity and about one-fourth of the fuel marketing infrastructure in the world's fastest-growing energy market.

Why did only India think RCEP was a threat, Tata Steel in a bullish trend; all this and more on Moneycontrol Pro
Business

Why did only India think RCEP was a threat, Tata Steel in a bullish trend; all this and more on Moneycontrol Pro

Tata Steel is in a bullish trend based on price action, but for the last two trading session, it is closing in the red.

PSU stocks grab limelight on reports of govt reducing stake below 51% in state-owned cos; BHEL jumps over 22%
Business

PSU stocks grab limelight on reports of govt reducing stake below 51% in state-owned cos; BHEL jumps over 22%

PSU stocks were in huge demand on Friday and zoomed up to 22 percent, led by BHEL, in-tandem with a bullish broader market trend

India inks pact expressing interest for stake in Far East Russian oilfields; deal aims at raising crude imports to fill supply gap
Business

India inks pact expressing interest for stake in Far East Russian oilfields; deal aims at raising crude imports to fill supply gap

During the talks, the two sides reviewed existing stake of Indian firms in Russian oilfields such as Sakhalin-1, Taas-Yuryakh and Vankor fields.

Numaligarh Refinery plans crude exploration foray in Assam, board gives nod for Rs 150-cr initial investment
Business

Numaligarh Refinery plans crude exploration foray in Assam, board gives nod for Rs 150-cr initial investment

Numaligarh Refinery has identified Namrup block in Dibrugarh and Mesaki in Tinsukia districts for foraying into exploration of crude.

Govt to launch sixth tranche of CPSE Exchange Traded Fund on 18 July; to raise up to Rs 10,000 cr
Business

Govt to launch sixth tranche of CPSE Exchange Traded Fund on 18 July; to raise up to Rs 10,000 cr

The government is planning to raise up to Rs 10,000 crore from the sixth tranche of CPSE ETF which would be launched on 18 July, an official said

First-ever sale of 'enemy shares'; buyback by CPSEs yield over Rs 11,300 cr to exchequer in FY19
Business

First-ever sale of 'enemy shares'; buyback by CPSEs yield over Rs 11,300 cr to exchequer in FY19

Enemy property refers to the assets left behind by people who migrated to Pakistan or China and are no longer citizens of India.

Govt allows ONGC, OIL to induct foreign partner; gives special incentives for difficult finds
Business

Govt allows ONGC, OIL to induct foreign partner; gives special incentives for difficult finds

Speaking at the launch of second bid round for 14 exploration blocks under open acreage licensing policy, Dharmendra Pradhan said Oil and Natural Gas Corp (ONGC) and OIL will have the freedom to decide which of their currently producing fields they want to retain and in the ones where they would like to induct a partner

Fuel price hike: PM Narendra Modi to brainstorm oil scenario with global energy company CEOs today
Business

Fuel price hike: PM Narendra Modi to brainstorm oil scenario with global energy company CEOs today

The meeting, coordinated by the NITI Aayog, is likely to focus on challenges posed by volatile oil prices and the US sanctions on Iran.

Petrol, diesel rate cut: Fitch Ratings says govt move on fuel prices to impact profitability of oil marketing companies
Business

Petrol, diesel rate cut: Fitch Ratings says govt move on fuel prices to impact profitability of oil marketing companies

While cutting excise duty by Rs 1.50 per litre, the government had on Thursday asked Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) to absorb Re 1 per litre increase in fuel rates.

Govt hikes natural gas prices by 10% to $3.36 per mmBtu from 1 October
Business

Govt hikes natural gas prices by 10% to $3.36 per mmBtu from 1 October

As per the new gas pricing formula approved by the NDA government in October 2014, gas prices are to be revised every six months.