In a first concrete energy sprint for North East, a consortium of three Public sector units, Assam Gas Company Ltd (AGCL), Oil India Limited (OIL) and GAIL Gas Ltd on Thursday signed a joint venture agreement for incorporating a new company for implementation of the City Gas Distribution (CGD) Networks.
Oil India has reported success in striking oil in yet another of its drilled wells in Arunachal Pradesh’s Kumchai field. Th KMC-15 well at the Kumchai field, that falls within the 427-km Ningru Petroleum Mining Lease (PML) area in Changlang district of Arunachal Pradesh
Government-owned Oil India, Anil Agarwal-led Vedanta, and Oil and Natural Gas Corporation (ONGC) won the maximum number of oil and gas fields under India’s second and third round of oil and gas auctions held under Open Acreage Licensing Policy (OALP)
Oil India’s Rovuma Offshore Area 1 consortium (Area-1) has taken a Final Investment Decision (FID) for the two train Golfinho/Atum Mozambique LNG Project. Mozambique LNG Project will be the first onshore LNG
As a part of the ongoing Project Rupantar for creating avenues for sustainable self-employment, Oil India Limited (OIL) extended financial support to 350 Joint Liability Groups with a total project cost of Rs 6.68 crore at a disbursement function held at Rupantar Growth Centre
India Inc’s borrowings from foreign markets fell to USD 2.81 billion in February, down by 9 per cent as compared to the year-ago month, data from the Reserve Bank of India showed Friday.
State-run oil producer Oil India Ltd announced last week that it won two blocks in discovered small field (DSF) round-II bidding. Any excitement about this development is premature at this point.
The 1,600-km Indradhanush Gas Grid connecting the north-eastern states will get Rs 5,000-crore funding from the Centre. The Cabinet is likely to clear the proposal soon, according to sources.
India plans to auction 66 small oil and gas fields of Oil & Natural Gas Corporation Ltd. and Oil India Ltd. as it tries to step up production to reduce the import bill of the world’s third-biggest consumer of fossil fuel.
ET Intelligence Group: ONGC and Oil India might move beyond their sluggish trading ranges after a year because of the significant increase in oil subsidy provisions in the FY20 interim budget.