The Open Acreage Licensing Policy (OALP) will introduce monthly expression of interest (EoI) windows for companies seeking deepwater and ultra-deepwater oil and gas blocks in India. The Directorate General of Hydrocarbons (DGH) announced the special bidding round on Monday. Each window will open on the first day of the month and remain open for 21 […]
Oil India Limited (OIL), a Maharatna Central Public Sector Enterprise, has reported a natural gas discovery in the Matsyapuri formation of the Krishna-Godavari (KG) Basin off India’s east coast. The discovery was made in the shallow offshore block KG-DSF/GSKW/2018, awarded to the company as the sole operator under the Discovered Small Field framework. The appraisal […]
Oil India Limited (OIL) has signed a Revenue Sharing Contract (RSC) for Special Coal Bed Methane (CBM) Block SR-ONHP-(CBM)-2026/1 in the Singrauli Coalfield region. Signed on October 15, 2026, the agreement marks the company’s return to CBM exploration and supports its efforts to expand into unconventional hydrocarbon resources. The block covers 272.14 square kilometres and […]
Oil India Limited’s Numaligarh-Siliguri Product Pipeline (NSPL) capacity augmentation project was inaugurated by Prime Minister Narendra Modi at a public event in Guwahati on March 13, 2026. Originally intended to transport 1.72 million metric tonnes per annum (MMTPA), the 654-km cross-country multi-product pipeline has a diameter of 406 mm (16-inch). As a result of the […]
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) […]
