Oil India News - Latest Updates & Headlines
Oil India bags potash-halite block in Rajasthan in first-ever successful auction
New Delhi, May 28: Oil India Limited has bagged a critical and strategic mineral block under the 5th tranche of auction conducted by the Ministry of Mines, according to a statement from the state-owned company.
Oil India records 10 pc rise in net profit at Rs 6,114 crore for FY25
New Delhi, May 23: Government-owned Oil India Limited (OIL) reported a 10.13 per cent increase in net profit to Rs 6,114.19 crore for the financial year ended March 31, 2025, driven by record-high oil and gas production.
Oil India Limited begins gas exploration work in Tripura
Agartala, May 14: In a significant development, the state-owned Oil India Limited (OIL) commenced its exploration and production activities in Tripura by spudding its well at Debtamura in Tripura's Gomati district, officials said here on Wednesday.
Oil & Gas PSUs showcase innovation initiatives at Startup Mahakumbh 2025
New Delhi, April 5: Government-owned oil and gas majors have established robust frameworks to incubate, mentor and fund innovative startups which is reflected in a total of 32 PSU-backed startups participating in the ongoing Startup Mahakumbh 2025 in the national Capital.
Oil India Limited CMD highlights bamboo-based 2G ethanol plant at Advantage Assam 2.0
Guwahati, February 26: At the Advantage Assam 2.0 Summit on Tuesday, Dr Ranjit Rath, Chairman & Managing Director (CMD) of Oil India Limited (OIL), underscored the company's pioneering efforts in the energy sector, particularly the establishment of a bamboo feedstock-based second-generation (2G) ethanol plant at Numaligarh Refinery Limited (NRL).
Industry leaders and businessmen hail Advantage Assam 2.0, say it will create new growth opportunities
Guwahati, Feb 25: Prime Minister Narendra Modi inaugurated the Advantage Assam 2.0 Investment and Infrastructure Summit on Tuesday and also lauded the steady rise of state's economy from Rs 2.75 lakh crore in 2018 (when Assam hosted 1st edition) to Rs 6 lakh crore now, calling it the 'effect of double-engine government'.
Brazil's Petrobras looking to partner with Indian oil firms for trade, energy cooperation says its CEO
New Delhi, February 12: Brazil's state-run oil company, Petrobras, is looking to strengthen ties with Indian oil firms by exploring opportunities for trade and collaboration.
Himachal CM lays foundation for north India's first green hydrogen plant
Shimla, Feb 5: Himachal Pradesh Chief Minister Sukhvinder Sukhu on Wednesday laid the foundation stone for north India's first 1 MW green hydrogen plant at Dabhota in Nalagarh tehsil of Solan district.
India's demand for petroleum products expected to rise by 4 pc: Report
New Delhi, Jan 5: India's demand for petroleum products such as petrol, diesel and LPG is expected to rise by three to four per cent in the current financial year ending on March 31, 2025, according to a Fitch Ratings report.