Oil India Limited has reported a significant natural gas discovery 15 km off the Andaman coast, marking a key expansion of its exploration success in the region. The find highlights growing energy potential in Andaman offshore waters and strengthens India’s domestic hydrocarbon prospects. The discovery is expected to boost further exploration activity and support the country’s long-term energy security goals.


Oil India Strikes Gas 15 Km Off Andaman Coast; Oil India Expands Success in Andaman Waters 

State-run explorer Oil India Ltd said on Monday a deadly fire at its well in eastern India that that started raging nearly six months ago has been "doused completely."

"There is no pressure in the well now and the same will be observed for 24 hrs to check," Oil India said in a filing to exchanges on Monday.

Oil India had suspended operations at the gas well in its Baghjan oilfield in the Tinsukia district in eastern Assam state on May 27 after an uncontrolled gas emission. The company had brought in experts from Singapore-based company Alert to control the blow-out.

Officials had since been struggling to contain the blowout, even as black smoke continued to billow out of the well for months. Locals say they are relieved, but still wary as they were scared to go back.

The Wildlife Institute of India, an autonomous body under the federal environment ministry, expects the incident to have a long-term impact on the environment, as pollutants could leach into the ground and contaminate water.

Three rescue officials died and five were injured while trying to put out the fire in the Tinsukia district of Assam in two separate incidents.

Further operation to abandon the well is in progress.

State-run explorer Oil India Ltd said on Monday a deadly fire at its well in eastern India that that started raging nearly six months ago has been "doused completely.

State-run explorer Oil India Ltd said on Monday a deadly fire at its well in eastern India that that started raging nearly six months ago has been "doused completely." "There is no pressure in the well now and the same will be observed for 24 hrs to check," Oil India said in a filing to exchanges on Monday. Oil India had suspended operations at the gas well in its Baghjan oilfield in the Tinsukia district in eastern Assam state on May 27 after an uncontrolled gas emission. The company had brought in experts from Singapore-based company Alert to control the blow-out. Officials had since been struggling to contain the blowout, even as black smoke continued to billow out of the well for months. Locals say they are relieved, but still wary as they were scared to go back. The Wildlife Institute of India, an autonomous body under the federal environment ministry, expects the incident to have a long-term impact on the environment, as pollutants could leach into the ground and contaminate water. Three rescue officials died and five were injured while trying to put out the fire in the Tinsukia district of Assam in two separate incidents. Further operation to abandon the well is in progress.

Fire at Oil India's Assam well extinguished after nearly six months

State-run Oil India Ltd posted a 96 per cent fall in fourth-quarter profit, hurt by a one-time charge realised on the pre-discount and post-discount price of crude oil paid to a state government.

Net profit was 193.1 million rupees ($2.99 million) in the quarter ended March 31, compared with 4.70 billion rupees a year earlier, the company said on Monday.

Analysts on average had expected the oil and gas explorer, which also owns assets in the United States and Africa, to post a profit of 5.70 billion rupees, according to Thomson Reuters data.

The company said it recognised a differential royalty of 11.52 billion rupees in the March quarter which had been paid earlier to the State Government of Assam.

($1 = 64.4800 Indian rupees)

(Reuters)

It was hurt by the charge realised on the pre-discount and post-discount price of crude oil paid to a state government

State-run Oil India Ltd posted a 96 per cent fall in fourth-quarter profit, hurt by a one-time charge realised on the pre-discount and post-discount price of crude oil paid to a state government. Net profit was 193.1 million rupees ($2.99 million) in the quarter ended March 31, compared with 4.70 billion rupees a year earlier, the company said on Monday. Analysts on average had expected the oil and gas explorer, which also owns assets in the United States and Africa, to post a profit of 5.70 billion rupees, according to Thomson Reuters data. The company said it recognised a differential royalty of 11.52 billion rupees in the March quarter which had been paid earlier to the State Government of Assam. ($1 = 64.4800 Indian rupees) (Reuters)

Oil India fourth-quarter profit falls 96% on one-time charge

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Oil India Strikes Gas 15 Km Off Andaman Coast; Oil India Expands Success in Andaman Waters

Fire at Oil India's Assam well extinguished after nearly six months

Oil India fourth-quarter profit falls 96% on one-time charge