Indian Oil Corporation
India State Cos Acquire 30% Stake in Carrizo's Shale Asset
Thursday, October 04, 2012 Oil India Ltd. and Indian Oil Corp. said they will acquire a 30% stake in Carrizo's Niobrara shale oil acreage in Colorado, gaining entry to America's booming shale industry.
Indian Consortium Bids for ConocoPhillips Assets in Canada
Monday, September 24, 2012 A consortium of India's state-run companies have jointly bid to acquire stakes in oil-sands assets owned by ConocoPhillips in Canada that are valued around $5B.
India Gives Thumbs Up for $2B Carabobo Oil Investment
Friday, March 19, 2010 The Indian government Friday approved an investment of $2.18 billion during 2010-2015 by three state-run oil companies in Venezuela's Carabobo 1 oil block.
OVL Consortium to Develop Heavy Oil Blocks in Orinoco Belt
Thursday, February 11, 2010 An OVL-led consortium was awarded a 40% ownership interest in a Mixed Company that will develop the Carabobo 1 Norte and Carabobo 1 Centro blocks located in the Orinoco Heavy Oil Belt.
India Finalizes Farsi Gas Block Development Plan with Iran
Thursday, December 03, 2009 The Indian government is in the process of finalizing the master development plan with National Iranian Oil Co. for the Farzad-B gas field, according to junior petroleum minister Jitin Prasada.
Iran Offers India 40% Stake in South Pars
Tuesday, December 01, 2009 National Iranian Oil Co. has offered India a 40% interest in phase 12 of the South Pars gas field and 6 million metric tons of liquefied natural gas a year.
India Cos Unlikely to Produce Oil from Iran Block
Tuesday, September 15, 2009 According to a senior executive, India's state-run oil companies will likely not produce any oil from Iran's Farsi block due to the low value of high-sulfur crude and low returns on investment, but natural gas resources could be developed.
Indian Oil Cos Could Invest $5B in Iran Gas Field Devt
Monday, September 07, 2009 ONGC Videsh and its partners Indian Oil and Oil India could invest $5 billion to develop a massive gas field they discovered in offshore Iran.
India's Oil Cos Propose $5B Investment in Iranian Gas Block
Thursday, June 25, 2009 India's state-controlled oil companies are proposing to invest some $5 billion in a gas discovery located in Iran's Farsi Block.
Indian Consortium Keen on Orinoco Block in Venezuela
Thursday, April 09, 2009 Four Indian energy firms are considering a joint bid to acquire a minority stake in one of the Orinoco blocks that Venezuela is offering to foreign investors.
Big Oil Leaders Bet on Long-Term Energy Growth
Wednesday, February 11, 2009 Touting an optimistic message, some Big Oil executives insist that long-term growth in energy demand remains unchanged.
ONGC, IOC Ink MOU to Cooperate in O&G Exploration and Production
Friday, December 12, 2008 ONGC and IOC signed a MOU at New Delhi for mutual cooperation in the field of oil and gas exploration, production and marketing.
NOC Signs Exploration and Production Sharing Agreement in Libya
Tuesday, May 27, 2008 The National Oil Corporation signed an Exploration and Production Sharing Agreement with a Consortium, including Sonatrach, Oil India and Indian Oil.
India to Issue $2.3 Billion in Bonds to Oil Companies
Friday, March 28, 2008 India's federal government Friday said it will issue INR92.97 billion ($2.3 billion) worth of special bonds to state-run oil marketing companies to compensate them for selling fuel at discounted prices.
IOC, Oil India Join Hands with Algerian, Explore Libyan Block
Wednesday, January 23, 2008 Indian Oil Corporation Ltd (IOC) and Oil India Ltd (OIL) have joined hands with Sonatrach, the national oil company of Algeria, for production of oil in a Libyan onshore block.
India's State-Run Oil Co Execs to Strike from Tuesday
Monday, August 20, 2007 Executives of some Indian state-run oil companies will go on an indefinite strike from Tuesday for higher wages among other things, officials of the executives' union said Monday.
ONGC Videsh Consortium Finds Oil, Gas Offshore Iran
Wednesday, May 09, 2007 A consortium led by India's ONGC Videsh Ltd. has recently struck oil and gas offshore Iran in what could be India's biggest hydrocarbon gas find overseas in recent years.
Eni, Calik Sign Deal with IOCL for Possible Partnership
Thursday, November 02, 2006 Eni and Calik signed an agreement with Indian Oil Company Limited (IOCL) regarding its possible participation in the Turkish Straits bypass project along the Samsun-Ceyhan route.
India's Government Braces for Oil Executives' Strike
Friday, September 01, 2006 The Indian government Friday said it is preparing a contingency plan to prevent a total shutdown of oil production and refining operations following a threat from executives at state-run firms to go on an indefinite strike from Tuesday.
ONGC Videsh & IOC-OIL to Bid in Nigeria's Licensing Round
Wednesday, June 08, 2005 ONGC Videsh Ltd. and the Indian Oil Corp.-Oil India Ltd. consortium will bid for four or five blocks in Nigeria's upcoming upstream round.