Three important Memorandums of Understanding were signed between Maharatna CPSE and Oil India Ltd during India Energy Week 2026 in Goa. The first contract with ONGC Ltd has been inked. Shri Arunangshu Sarkar, Director (S&CA), ONGC; Shri O. P. Sinha, Director (E), ONGC; and Shri Saloma Yomdo, Director (E&D), OIL, were present when the Memorandum […]
Oil India Limited (OIL) and TotalEnergies signed a Technology Service Agreement on November 19, 2025, in New Delhi, aimed at enhancing strategic collaboration for exploration in Deep and Ultra-deepwater Offshore areas of Indian sedimentary Basins. The agreement facilitates the application of TotalEnergies’ expertise in Deep & Ultra-deepwater exploration for OIL’s offshore portfolio, including appraisal of […]
Oil India Limited (OIL) has completed the Mechanical Completion of the Upgradation of Facilities of the Numaligarh–Siliguri Product Pipeline (NSPL) project, enhancing the pipeline’s transportation capacity from 1.72 MMTPA to 5.5 MMTPA. This achievement strengthens OIL’s midstream infrastructure to handle increased product flows from the Numaligarh Refinery. The project spans across Assam and West Bengal, […]
Oil India Limited (OIL) has signed a 15-year Gas Sale and Purchase Agreement (GSPA) with North Eastern Electric Power Corporation Limited (NEEPCO) to supply 1.4 MMSCMD of Natural Gas to NEEPCO’s Assam Gas Based Power Station (AGBPS) for another 15 years. The agreement, executed by OIL’s Executive Director Ranjan Goswami and NEEPCO’s Executive Director Bijit […]
Oil India Limited (OIL) held its 66th Annual General Meeting, where Chairman & Managing Director Dr. Ranjit Rath emphasized OIL’s commitment to a sustainable energy future for India, aligned with national priorities. Key highlights included the inauguration of the world’s first bamboo-based 2-G Bio Ethanol Plant and the foundation stone laying for a polypropylene plant […]
Oil India Limited (OIL) and Bharat Petroleum Corporation Limited (BPCL) both Maharatna Public Sector Enterprises, today formalized a Joint Venture Agreement (JVA) at the BPCL Corporate Office to establish a Joint Venture Company (JVC). The agreement was signed in the presence of Dr. Ranjit Rath, Chairman & Managing Director, OIL and Sanjay Khanna, Director (Refineries) […]
New Delhi, Aug 13: Oil India Limited, the Maharatna CPSE of Govt. of India, declared its financial results for Q1FY26, in its 570th meeting of the Board of Directors held on 12th August 2025 in Noida. The Company sustained its consolidated PAT at ₹2046.51 Cr. in Q1FY26 vis-à-vis ₹ 2016.30 Cr. in Q1FY25. OIL achieved a standalone PATof […]
New Delhi, Aug 08: In a significant step towards strengthening India’s self-reliance in strategic mineral sourcing, Oil India Limited and IREL (India) Limited have signed a Memorandum of Understanding (MoU) on August 7, 2025 in Mumbai to cooperate and collaborate for development of Critical Minerals. Oil India, a Maharatna PSU under the aegis of the Ministry […]
Oil India Limited (OIL), one of India’s leading upstream oil and gas companies, has officially commenced gas production from the Bakhritibba Discovered Small Field (DSF) block located in the arid terrains of Western Rajasthan’s Jaisalmer District w.e.f 1st June 2025. OIL has set benchmark by achieving fast monetization from DSF III block by successfully drilling 3 […]
