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Oil India Ltd, the nation’s second-largest state oil producer, on Friday said it has made a natural gas discovery at a well drilled in Tinsukia, Assam. “The discovery will open up new areas for further oil and gas exploration in Assam and would help in enhancing the gas production with future appraisal and development activities,” … Continue reading Oil India makes gas discovery in Assam
The government is readying a lifeline for oil producers such as ONGC and Oil India as the chaos in the global oil market deepened on Wednesday, with International benchmark Brent dipping just below $16, the lowest since 1999, before settling at $21.16.
The telecom department has slapped a Rs 48,000 crore demand notice on Oil India in past statutory dues, an order which the country’s second-biggest state oil producer plans to challenge in Telecom Disputes Settlement and Appellate Tribunal (TDSAT).