Oil India Ltd

India’s crude oil production in May was 6 percent lower in comparison to May 2020 and 5.47 percent lower than the monthly target as it settled at 2,437.96 TMT

India’s crude oil output in April improved slightly as it settled at 2,493.26 TMT, which was 1.16 percent higher than the target for the month

In the backdrop of the government’s call for an Atmanirbhar Bharat, India’s cumulative crude oil production has registered a decline of 20 percent over the last decade

Oil and Natural Gas Corporation (ONGC) has secured 11 blocks and Oil India Limited (OIL) has won the remaining four under Round 5 of the OALP

According to a source, the well killing operation will not happen on Tuesday as the weather has disrupted all the preparations made by OIL for the same

After an assessment of the ground situation, OIL is expecting to cap the oil well in Baghjan, Assam, by July 17 or 18, an official spokesperson said

Bringing major relief, the SC has exempted PSUs like GAIL, Oil India, PowerGrid from paying the AGR sought by the DoT