OIL

Another explosion has been reported at the site of the well blowout in Assam’s Baghjan during the preparation for the well capping operation

The preparation for starting the well capping operation could not be done as protesters blocked the approach road to the site of the well blowout in Baghjan, said OIL

A consortium led by Total SA, which includes BPCL, ONGC Videsh and OIL, has secured $14.9 billion debt to partly finance the LNG project in Mozambique

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

The well capping operation has been impeded by floods and heavy rainfall and the deadline has been extended once and is set to be revised again on July 14

The Round 5 bid under OALP has received bids from only 12 entities and all the bids, barring one, have come from state-run OIL and ONGC

Tinsukia district in Assam has been badly hit by flood and the site of the well blowout in Baghjan has been inundated, hampering the control operation, said OIL

Fitch Ratings has revised the outlook on ratings of six PSUs — IOC (Indian Oil Corp), NTPC Limited and GAIL to ‘negative’ from ‘stable’

Prime Minister Narendra Modi has held a review meeting to assess the situation in Assam’s Baghjan where an oil well has been leaking gas

Fire in the periphery of the oilfield in Assam’s Baghjan in Tinsukia district which has been continuously flowing gas since May 27