New Delhi, June 5 (IANS) State-owned Maharatna company Oil India Limited on Friday announced a fresh discovery of natural gas in its third exploratory well in the Andaman shallow offshore block, marking another significant indication of hydrocarbon presence in the region.The company said the Vijayapuram-3 (Loc. OAEB) well, drilled under the Offshore Andaman Block AN-OSHP-2018/1 as part of the Open Acreage Licensing Policy (OALP), is located around 15 kilometres off the east coast of the Andaman …
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Jaipur, May 25 (IANS) Rajasthan, long known for its tourism, handicrafts and desert landscapes, is fast emerging as a strategically important state for India’s national security, clean energy and industrial self-reliance.From rare earth minerals buried beneath the volcanic terrain of Balotra to newly discovered natural gas reserves in Jaisalmer, western Rajasthan is increasingly becoming central to India’s resource security ambitions.At the heart of this transformation lies the Siwana Ring C…
New Delhi, May 23 (IANS) Maharatna PSU Oil India Limited has successfully unlocked a new gas-bearing pay zone in Rajasthan’s Dandewala field, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said on Saturday.In a post on social media platform X, the minister said the development marked a new chapter in India’s efforts to strengthen domestic energy production and move towards greater energy self-sufficiency.According to Puri, natural gas has started flowing for the first time from …
New Delhi, April 28 (IANS) The government on Tuesday said the recent oil and gas discovery in Libya by Indian oil marketing companies (OMCs) — Oil India Limited (OIL), and Indian Oil Corporation Limited (IOCL) — with local operators reflects the growing global footprint of the country’s energy firms and their expanding presence in overseas assets.In a post on social media platform X, the Ministry of Petroleum and Natural Gas (MoPNG) congratulated OIL and IOCL, which were part of an Indian co…
Mumbai, Feb 5 (IANS) Shares of Indian Oil Corporation (IOC) rose on Thursday after the state‑owned refiner reported close to 60 per cent surge in profits during the December quarter of FY26.Indian Oil posted a 59.3 per cent increase in net profit to Rs 12,126 crore for the quarter, up from Rs 7,610.5 crore in the September quarter. Revenue during the reported quarter increased to Rs 2.04 lakh crore, up about 14.3 per cent from Rs 1.78 lakh crore in the prior quarter.Earnings before interest, t…
New Delhi, Feb 1 (IANS) Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, on Sunday, highlighted India’s long-standing purchases of Venezuelan crude, saying that Indian refineries are capable of processing the heavier oil that Venezuela produces. Speaking to IANS in the national capital after the recently concluded India Energy Week 2026, Union Minister Puri said delegations from many countries, including Venezuela, attended the event and underlined that India’s relationship with…