Stay updated with the latest oil-india news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on oil-india topics.
Jaipur, Apr 5 (PTI) Amid heightened geopolitical tensions and uncertainty in global oil markets, Oil India Ltd has significantly ramped up crude production from Rajasthan's Thar desert, achieving a record output of 1,202 barrels per day from the Jodhpur sandstone formation, officials said. The state-run company has increased production by around 70 per cent compared to last year's 705 barrels per day, marking a major milestone in efforts to boost domestic output and strengthen energy security. ...Read More >
New Delhi, Apr 5 (PTI) The Congress on Sunday launched a scathing attack on Prime Minister Narendra Modi over the proposal to increase Lok Sabha seats, saying he is "bulldozing" the move that will work more to the benefit of larger and populous states and is nothing but a "Weapon of Mass Distraction (WMD)". The opposition party also alleged that the prime minister is "hoodwinking" the people of the country and is making misleading statements that are meant to deceive. In a post on X, Congress ...Read More >
Jaipur: Amid heightened geopolitical tensions and uncertainty in global oil markets, Oil India Ltd has significantly ramped up crude production from Rajasthan's Thar desert, achieving a record output of 1,202 barrels per day from the Jodhpur sandstone formation, officials said.The state-run company has increased production by around 70 per cent compared to last year's 705 barrels per day, marking a major milestone in efforts to boost domestic output and strengthen energy security. Officials sai ...Read More >
New Delhi: The government has raised the administered price mechanism (APM) gas price for state-run producers like state-owned Oil and Natural Gas Corporation (ONGC) and Oil India Limited (OIL) to $7 per mmBtu, up from $6.75 per mmBtu. The revision follows the pricing mechanism that the government had approved in 2023, according to an official notification. The revision applies to gas produced from legacy fields under the regulated pricing regime. APM gas makes up for about 60 per cent of the d ...Read More >
Petroleum minister Hardeep Singh Puri said the move reflects a renewed push to unlock domestic resources. "With OALP Round-XI now live, we unlock vast frontiers beneath our land and seas -- powering growth, resilience, and self-reliance," he said. India on Monday opened up 21 oil and gas blocks covering 80,228 square kilometres under a fresh exploration round, even as state-run Oil And Natural Gas Corporation has started gas production from a key offshore project, marking a twin push to boost d ...Read More >
If SEZ exports remain exempt, Reliance's refining margins would be largely insulated from the new levies, preserving the competitiveness of its export-oriented operations, it said New Delhi: The applicability of newly reimposed export windfall taxes on shipments of diesel and ATF from Reliance Industries' SEZ refinery remains the key uncertainty, following India's fuel duty overhaul, with significant implications for refining margins and government revenues, according to analysts. Under the re ...Read More >
Closing Bell: Indian equities ended the session sharply lower on Wednesday as broad-based selling across sectors dragged benchmark indices down nearly 1.5%. Financial heavyweights and auto stocks led the decline, pushing the Nifty below the 23,900 mark. The Sensex fell 1,342 points to close at 76,864, while the Nifty 50 dropped 395 points to settle at 23,867. Banking stocks were among the worst hit, with the Nifty Bank index sliding over 2% or 1,215 points to 55,736. Axis Bank, Kotak Mahindra B ...Read More >
Bharat Petroleum Corporation Limited has signed three significant MoUs. Collaborations with Oil India Limited and Numaligarh Refinery Limited will focus on a new refinery and a major product pipeline. Another agreement with Fertilisers and Chemicals Travancore Limited aims to advance green energy projects. These partnerships signal a forward-looking approach to India's energy sector development. India's state-run Bharat Petroleum Corp on Tuesday signed three agreements at an industry event, inc ...Read More >
New Delhi: India plans to require all liquefied natural gas (LNG) import terminals to build 10% extra storage capacity, which the government can tap during supply or price shocks. The oil ministry has issued a draft proposal to amend registration rules for LNG terminals under the Petroleum and Natural Gas Regulatory Board (PNGRB). "An entity seeking registration to operate LNG terminal... shall also have a credible plan for maintaining the storage capacity for LNG," the ministry has proposed i ...Read More >
Shillong, Oct. 26: Oil has been struck in the well at Kharsangh in Arunachal Pradesh, further strengthening the country's hope of achieving early self-sufficiency in oil. Good deposits of oil have been discovered at a depth of about 2,850 metres in the well being drilled by the Oil India Limited, a joint enterprise of the Government of India and the Burmah Oil Company. The well could yield about 1,500 barrels of oil per day according to preliminary tests and indications. Detailed production te ...Read More >
Jaipur, Oct 26 (PTI) India urgently requires significant hydrocarbon discoveries to meet its future energy needs, said Secretary of Union Petroleum and Natural Gas Ministry, Pankaj Jain, on Sunday. Addressing the 15th Biennial International Conference of the Society of Petroleum Geophysicists here, Jain said the country must pursue bold, time-bound exploration strategies aligned with the National Deepwater Mission to achieve energy self-reliance. "One day, we will be looking at a situation whe ...Read More >
New Delhi: Falling output from Reliance-BP's KG-D6 fields is weighing on India's overall natural gas production. The block's 8% annual decline in the first half of the fiscal year, along with a 2% drop from ONGC's fields, dragged national output by 3%, according to oil ministry data and Reliance Industries' presentation. Average KG-D6 gas production slipped to 26.1 million metric standard cubic meters per day (mmscmd) in the July-September quarter from 28.5 mmscmd a year earlier. A slight rise ...Read More >
Mumbai: Mahanagar Gas Limited (MGL), one of India's leading City Gas Distribution companies, and Oil India Limited (OIL), a Maharatna public sector enterprise with integrated capabilities across the oil and gas value chain, have signed a Memorandum of Understanding (MoU) to explore collaboration opportunities in the LNG and clean energy sectors. Partnership for a Greener Future The MoU was signed on October 6, 2025, by the VP (BD, BIS, Commercial & STU), MGL, and the ED (BD), OIL, in the prese ...Read More >
Oil India Limited (OIL) has reported a significant natural gas occurrence in its second exploratory well, Vijayapuram-2, within the Andaman Shallow Offshore Block. Preliminary testing confirmed the gas presence, marking a crucial milestone in India's exploration efforts and the first hydrocarbon find in this campaign. Oil India Limited (OIL), a Maharatna company under the Ministry of Petroleum and Natural Gas, on Friday, reported the occurrence of natural gas in its second exploratory well dril ...Read More >
New Delhi, Sep 27 (PTI) Oil India Ltd has discovered natural gas reserves off the Andaman Islands, the state-owned firm said without putting an estimate of the size of the find. In a statement, OIL said "occurrence of natural gas" was reported in the second exploratory well Vijayapuram-2 drilled in the Offshore Andaman Block AN-OSHP-2018/1, which the company had won under the Open Acreage Licensing Policy (OALP). "The preliminary analysis of gas samples, collected during intermittent inflow of ...Read More >
Noida: Oil India Limited (OIL), a Maharatna public sector undertaking under the Ministry of Petroleum and Natural Gas, has reported a significant milestone in its ongoing exploration campaign -- the first confirmed occurrence of natural gas in the Andaman Shallow Offshore Block. The discovery was made in the company's second exploratory well, Vijayapuram-2 (Location OAEA), drilled under the Open Acreage Licensing Policy (OALP) in Block AN-OSHP-2018/1. The announcement was made through an offici ...Read More >
New Delhi [India], September 27 (ANI): Oil India Limited (OIL), a Maharatna company under the Ministry of Petroleum and Natural Gas, on Friday, reported the occurrence of natural gas in its second exploratory well drilled in the Andaman Shallow Offshore Block, marking a significant step in its ongoing exploration campaign. The company, in a press release, said the well, named Vijayapuram-2, was drilled in the Offshore Andaman Block AN-OSHP-2018/1 under the Open Acreage Licensing Policy (OALP). ...Read More >
Guwahati: Prime Minister Narendra Modi, on Sunday, inaugurated a Rs 5,000-crore bamboo-based ethanol plant at Numaligarh in Assam's Golaghat district, marking a major step toward boosting green energy and rural livelihoods. Alongside the inauguration, the Prime Minister also laid the foundation stone of the Rs 7,230-crore Petro Fluidised Catalytic Cracker Unit at the Numaligarh Refinery. "Today is a historic day for Assam, as projects worth Rs 18,000 crore have been unveiled. These efforts wil ...Read More >
NEW DELHI: Oil and Natural Gas Corporation Limited (ONGC) on Monday announced the commencement of natural gas sales from the Chinnewala Tibba field, located in Rajasthan's Kutch Onland Exploratory Asset (RKOEA). The field is part of the Discovered Small Field (DSF-II) Block RJ/ONDSF/Chinnewala/2018, and production began on August 25, 2025. In a press release, the company said that this milestone marks the successful monetisation of the Chinnewala Tibba field and reinforces ONGC's commitment to ...Read More >
New Delhi [India], August 25 (ANI): Oil and Natural Gas Corporation Limited (ONGC) has officially commenced sales of natural gas from its Chinnewala Tibba field, a Discovered Small Field (DSF-II) block located in the Rajasthan Kutch Onland Exploratory Asset (RKOEA). According to a statement from the state-owned company, this significant milestone reinforces ONGC's commitment to enhancing domestic energy production and strengthening India's energy security under the guidance of the Ministry of P ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk an ...Read More >
NOIDA, 13 Aug: Oil India Limited, the Maharatna CPSE of govt. of India, sustained its consolidated PAT at Rs. 2046.51 Cr. in Q1FY26 vis-à-vis Rs. 2016.30 Cr. in Q1FY25. It was informed during the company's 570th meeting of the board of directors held here on Tuesday wherein it declared its financial results for Q1FY26. OIL achieved a standalone PAT of Rs. 813.48 Cr. in Q1FY26 vis-à-vis Rs.1466.84 Cr. achieved in Q1FY25 due to sharp drop in crude price realisation from USD 84.89/bbl in Q1FY25 to ...Read More >
New Delhi: State-run GAIL (India) Ltd has signed a long-term LNG sales and purchase agreement with Vitol Asia Pte. Ltd for the annual supply of approximately 1 million metric tonnes per annum (MMTPA) of liquefied natural gas over a 10-year period, starting in 2026. Under the agreement, Vitol will deliver LNG to GAIL from its global portfolio, the company said in a statement. "GAIL is expanding its long-term LNG portfolio to meet demand growth. We are pleased to partner with Vitol Asia Pte. Ltd ...Read More >
Gandhinagar (Gujarat) [India], July 13 (ANI): The 31st edition of Fit India Sundays on Cycle was held successfully nationwide on Sunday morning as Union Minister for Youth Affairs and Sports Mansukh Mandaviya led a group of over 500 participants in Gujarat's Gandhinagar, as per a release from SAI media. Organised this week in partnership with Public Sector Undertakings (PSUs), the pan-India cycling drive witnessed participation from over 7000 locations across the country, reinforcing the messag ...Read More >
Gandhinagar, July 13 (SocialNews.XYZ) The 31st edition of Fit India Sundays on Cycle was held successfully nationwide this Sunday morning as Union Minister for Youth Affairs and Sports Mansukh Mandaviya led a group of over 500 participants here. Organised this week in partnership with Public Sector Undertakings (PSUs), the pan-India cycling drive witnessed participation from over 7000 locations across the country, reinforcing the message of "Fitness Ki Dose, Aadha Ghanta Roz". The participation ...Read More >
New Delhi [India], July 10 (ANI): GAIL (India) signed a Gas Sale and Purchase Agreement with Oil India Limited (OIL) for extending the existing Gas Sale and Purchase Agreement for another 15 years, starting from 1st July, 2025, according to an official statement by the company. GAIL on Thursday stated that the agreement is to supply up to 900,000 Standard Cubic Meters per Day (SCMD) of natural gas from OIL's Bakhri Tibba Block of Rajasthan, covering Dandewala, Tanot and Bagi Tibba fields. The ...Read More >
New Delhi [India], July 10 (ANI): GAIL (India) signed a Gas Sale and Purchase Agreement with Oil India Limited (OIL) for extending the existing Gas Sale and Purchase Agreement for another 15 years, starting from 1st July, 2025, according to an official statement by the company. GAIL on Thursday stated that the agreement is to supply up to 900,000 Standard Cubic Meters per Day (SCMD) of natural gas from OIL Bakhri Tibba Block of Rajasthan, covering Dandewala, Tanot and Bagi Tibba fields. The ag ...Read More >
New Delhi [India], July 10 (ANI): GAIL (India) signed a Gas Sale and Purchase Agreement with Oil India Limited (OIL) for extending the existing Gas Sale and Purchase Agreement for another 15 years, starting from 1st July, 2025, according to an official statement by the company. GAIL on Thursday stated that the agreement is to supply up to 900,000 Standard Cubic Meters per Day (SCMD) of natural gas from OIL's Bakhri Tibba Block of Rajasthan, covering Dandewala, Tanot and Bagi Tibba fields. Also ...Read More >
Hyderabad: Thousands of people who gathered at ashoorkhana in Dabeerpura on the 10th day of Muharram (Youm-e-Ashura) took part in the Bibi-ka-Alam procession. The procession commenced from Dabeerpura on an elephant and concluded at Chaderghat. The Shia mourners took out the procession to mark the martyrdom anniversary of Prophet Mohammad's grandson, Imam Hussain, on the 10th day of Muharram. Members of the Shia sect performed matam and participated in processions. The 10th Muharram is the day o ...Read More >
Itanagar, July 7 (SocialNews.XYZ) A militant suspected to be associated with the NSCN (K-YA) outfit was killed on Sunday in an encounter with the Assam Rifles in Arunachal Pradesh's Longding district, an official said. A police officer said that Assam Rifles troops effectively foiled a surprise ambush by suspected insurgents affiliated with the National Socialist Council of Nagaland (NSCN-K-YA) faction. According to the official, the militants attacked the Assam Rifles patrolling party when th ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.