Essar Oil Ltd. Company News

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Fire Breaks Out At Shell Chemical Plant, Nearby Essar Refinery Unaffected
Wednesday, August 22, 2018 A fire which broke out at a Shell-owned chemical plant on the same site as Essar Oil UK's Stanlow refinery in northwestern England has been extinguished.

Essar Oil Settles $2.5B Iran Oil Dues, Still Owes About $616MM
Thursday, April 12, 2018 Essar Oil has settled about $2.5B in dues to Iran to cover previous oil purchases and still owes the country, CEO B. Anand says.

Trade Data: India's Nov Iran Oil Imports Skid To Lowest Since Feb 2016
Thursday, December 14, 2017 India's refiners imported nearly half as much crude oil from Iran in November as the month before, ship tracking data shows.

Rosneft Seals First Asian Refinery Deal With Essar Oil Purchase
Monday, August 21, 2017 Rosneft and partners close $12.9B-purchase of Essar Oil, giving them a foothold in one of the world's fastest growing oil users.

Russia's Rosneft, Partners to Invest around $12.9B in India's Essar Oil
Saturday, October 15, 2016 Rosneft CEO Igor Sechin says his company will invest around $12.9 billion in India's Essar Oil.

Essar Oil Emerges as India's Largest Unconventional Gas Producer
Wednesday, June 22, 2016 India's Essar Oil is the country's largest unconventional gas producer, supported by increased production at its Raniganj (East) coal bed methane block in West Bengal.

Rosneft Mimics Saudi Strategy To Get Foothold In Indian Market
Wednesday, June 15, 2016 Rosneft OJSC is mimicking the strategy of its biggest global competitor to expand in India as the world's top oil exporters vie for business in the fastest-growing crude-consuming nation.

Greka Prepares to Drill Well for Essar in West Bengal's Raniganj Block
Thursday, June 09, 2016 Greka Drilling commences preparations to drill a third well for Essar Oil in the Raniganj block, West Bengal, India under a contract signed in February.

Greka to Drill Wells for Essar in West Bengal's Raniganj East CBM Block
Thursday, April 21, 2016 Greka Drilling mobilizes rigs to drill two wells in Raniganj East coal bed methane block in West Bengal, India in May.

Greka Drilling Secures Contract from Essar for West Bengal's Raniganj Block
Tuesday, February 16, 2016 Greka Drilling secures a contract to provide drilling services to Essar Oil on the Raniganj East Block in West Bengal, India.

India's Essar Oil Delists in $564M Payout to Shareholders
Wednesday, December 30, 2015 India's second-largest private refiner, Essar Oil, completes its delisting from local bourses in return for a $564-million payout to minority shareholders.

Russia's Rosneft Signs Deal to Buy into India's Essar Oil
Thursday, July 09, 2015 Russia's top oil producer, Rosneft, takes a significant step towards expanding its global reach by signing a deal to acquire up to 49 percent of India's Essar Oil.

Talks Surface on Rosneft Taking 49% Stake in India's Essar Oil
Wednesday, June 17, 2015 Rosneft is reportedly negotiating to acquire a 49 percent stake in India's Essar Oil.

India's Oil Addiction to Vault Nation Into Top 3 Global Guzzlers
Thursday, June 04, 2015 India’s growing middle class will soon make it the third-biggest oil consumer, reshaping the global energy map as China uses less and the U.S. produces more.

Essar Appoints Former HOEC's MD as CEO - Exploration & Production
Tuesday, November 25, 2014 Essar Oil appoints former Hindustan Oil Exploration Co.'s managing director Manish Maheshwari as CEO - Exploration & Production.

Greka Drilling Prepares Rigs for Essar's Drilling Program in West Bengal
Tuesday, September 02, 2014 Greka Drilling prepares five rigs for a 100-well drilling program for Essar Oil in Raniganj East Block in Durgapur, West Bengal, India.

Five Greka Drilling Rigs Arrive in India
Tuesday, August 12, 2014 Greka Drilling says that five of its GD75 rigs have arrived in India ahead of a 100-well drilling campaign for Essar Oil.

Essar Oil Ordered by India's Supreme Court to Pay $939M in Tax Dues
Friday, September 14, 2012 The Supreme Court of India orders Essar Oil to pay $939 million in tax dues to the Gujarat government from January 2, 2013.

Gujurat Govt Demands Essar Oil to Pay $1.235B Tax
Tuesday, January 31, 2012 Essar Energy has received a demand notice from the tax authorities of the State Government of Gujarat for repayment of the full amount of sales tax deferment benefit utilized by the company of approximately $1.235B, plus interest accrued.

Essar Consolidates E&P, Raises Funds
Wednesday, January 30, 2008 Essar Oil Limited has decided to consolidate the upstream Exploration & Production activities under its proposed subsidiary, Essar Exploration & Production Limited, with an objective of building a strong fully integrated oil company.

Essar Oil Delays Rig Deployment, Hampers GSPC's Exploration
Wednesday, January 23, 2008 Delay on the part of Essar Oil field Services in deploying the Essar Wildcat semi-submersible rig has affected GSPC's plan to explore the deepwater eastern part of the K-G Basin block (KG-OSN-2001\3).

Wood Group Makes Strategic Move into India
Thursday, April 12, 2007 John Wood Group PLC has bought out its former joint venture partner, Triune Projects Pvt Ltd,, to take 100% ownership of J P Kenny Triune Eng. Pvt Ltd, and has established a Group management company, renamed as Wood Group Engineering India Pvt Ltd.

Essar Oil Eyeing Azadegan Rights
Friday, March 16, 2007 Essar Oil is reportedly in talks to acquire development rights to the Azadeagan oil field in Iran. Executives from Essar Oil met with officials from Iran earlier this year to discuss a deal for developing the field.

Essar Seeks Delisting from Indian Exchanges
Thursday, January 25, 2007 Essar Energy Holdings Limited (EEHL) has sought delisting of Essar Oil Limited from The Bombay Stock Exchange, National Stock Exchange and Calcutta Exchange Association.

Essar Oil Completes Land Rig Sale to Bin Jabr Group
Thursday, May 15, 2003 Essar Oil has completed the sale of its 11 land rigs to the Bin Jabr Group of Abu Dhabi for $60 million.

Essar Offers Cairn Stake in Rajasthan Block
Tuesday, April 08, 2003 Essar Oil Ltd has offered Cairn Energy a stake in its Rajasthan block in India.