Tag
Oil & Gas Exploration & Production
13 articles
India's oil and gas sector is experiencing renewed momentum driven by exploration successes and strategic partnerships. Oil India reported its highest crude production in a decade and unveiled ambitious expansion plans, including a net-zero target by 2040, while also announcing discoveries in Dandewala (Rajasthan) and Block 95/96 (Libya). Simultaneously, a tripartite MoU between the Indian government, Assam, and Nagaland paves the way for expanded oil and gas operations across Nagaland, potentially increasing extraction capacity significantly. These developments, alongside HOEC's production ramp-up and earnings, suggest a positive outlook for Indian E&P companies, though investors should monitor the resolution of HOEC’s revenue dispute with HPCL and potential risks associated with international operations.
ONGC Shareholders Approve Mozambique Project RPTs
ONGC shareholders approved two material related party transactions for the Area-1 Offshore Mozambique Project via postal ballot.
Resolution 1 for the AssetCo structure passed with 99.9965% votes in fa
Vedanta Oil & Gas Q1 Production Down 17% YoY
Vedanta Oil & Gas reported Q1 FY2027 gross operated production of 77.7 kboepd, down 17% YoY and 5% QoQ.
The company is advancing exploration drilling, enhanced oil recovery, and infill campaigns to ar
United Drilling Tools Secures ₹38.86M Vedanta Repeat Order
United Drilling Tools Ltd secured a repeat order worth INR 38.86 million from Vedanta Limited for critical oilfield equipment.
The order includes supply of tubing, pup joints and crossovers for oil an
United Drilling Tools Receives ₹3.89 Crore Vedanta Order
United Drilling Tools Ltd received a domestic repeat order worth ₹3.89 crore from Vedanta Limited for supply of oil drilling equipment.
The order involves supply of Tubings, Pup Joints and Crossovers
BPCL Subsidiary Acquires Full Ownership of Brazil Oil JV
BPCL subsidiary BPRL Ventures BV executed definitive agreements to acquire Videocon Energy Brazil Limited's entire stake in IBV Brazil Petroleo Limitada.
The acquisition increases BPRL Ventures BV's o
HOEC Fined ₹59k Each by BSE, NSE for Delayed Results
HOEC fined ₹59,000 each by BSE and NSE for delayed submission of March 2026 audited financial results.
Delay attributed to changes in Key Management Personnel, Audit Committee, and Statutory Auditor r
HOEC Q4 FY26 Earnings Call Transcript
HOEC management presented Q4 and FY26 results, outlining a 3-year plan to boost production from 1.5k to 32k BOE/day by 2029.
Key challenges included a reversed INR 260 crore HPCL crude sale and pipeli
HOEC Q4FY26 Earnings Presentation Production Updates
HOEC reported Q4FY26 consolidated net profit of INR 7.78 crore and standalone net profit of INR 30.40 crore, with negative revenue due to inventory build-up.
The company provided asset-wise updates, h
HOEC Q4 FY26 Earnings Call on June 12
HOEC schedules earnings call for June 12, 2026, to discuss audited Q4 and FY26 results.
Management participants include MD & CEO Baroruchi Mishra and CFO Allen Joseph Andrade.
The call details include
ONGC Uploads Analyst Call Transcript
ONGC submitted a regulatory filing to NSE and BSE regarding its analyst and investor conference call.
The company disclosed that the full transcript of the call has been uploaded to its official corpo
Oil India FY26 Investor Presentation Highlights Growth
Oil India presented its FY2025-26 performance, achieving its highest daily crude production in a decade at 10,566 MT/day.
The company reported standalone revenues of ₹24,039 crore and a PAT of ₹4,455
Oil India Dandewala Gas Discovery 25000 SCMD
Oil India announced a new natural gas discovery in its Dandewala Field in Rajasthan.
The well recorded an average inflow of 25,000 SCMD from a depth of approximately 950 meters.
Preliminary estimates
Oil India Libya Block 95/96 Hydrocarbon Discovery
Oil India Limited announces a new gas and oil discovery in its overseas Block Area 95/96 in Libya's Ghadames Basin.
The discovery is the fifth in the block, confirmed by Libya's National Oil Corporati