OIL

** Explorers Oil and Natural Gas Corp ONGC.NS, Oil India OILI.NS fall as much as 4.1% and 4.3%, respectively

** ONGC biggest loser on Nifty 50 index .NSEI, which is up 3.45%

** Oil prices slide below $100/barrel as a two-week Iran ceasefire sparks relief rally, fuelled by hopes that oil and gas flows through Strait of Hormuz could resume

** Easing oil prices negatively impact realisations, margins for upstream oil companies

** YTD, ONGC up ~17%, OILI up 8%

(Reporting by Urvi Dugar in Bengaluru)

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March 30 (Reuters) - Oil India Ltd OILI.NS:

• OIL INDIA - SIGNS MOU WITH CSIR-IMMT FOR JOINT RESEARCH IN CRITICAL MINERALS

Source text: ID:nNSE1yKKfJ

Further company coverage: OILI.NS

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March 9 (Reuters) - Indian refiners slumped on Monday, as the widening U.S.-Israeli war with Iran propelled crude prices to their highest in almost four years.

Indian Oil IOC.NS lost 6.6%, HPCL HPCL.NS dropped 7.5%, while BPCL BPCL.NS slid 7.1%. Reliance Industries RELI.NS shed 2%.

Brent crude LCOc1 jumped as much as 26.4% to $117.16 a barrel and was last up 23% at $114.08 by 9:15 a.m. IST. O/R

(Reporting by Yagnoseni Das in Bengaluru; Editing by Sumana Nandy)

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** Indian upstream oil companies ONGC ONGC.NS, Oil India OILI.NS rise 3% and 2%, respectively

** ONGC, OILI lift Nifty oil and gas .NIFOILGAS up 2.17% on the day

** Oil prices rose on Thursday amid growing concern over the prolonged closure of the Strait of Hormuz

** Higher oil prices lead to higher realization and profitability for upstream oil companies

** YTD, ONGC up 19%, OILI rises ~18%

(Reporting by Komal Salecha in Bengaluru)

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** Indian upstream oil companies ONGC ONGC.NS, Oil India OILI.NS rise 2.1% and 2.9%, respectively

** Oil prices rose 4% on Wednesday as traders priced in potential supply disruptions amid concerns of U.S.-Iran conflict O/R

** Downstream firms like Indian Oil Corp IOC.NS, Hindustan Petroleum Corp HPCL.NS, BPCL BPCL.NS lose between 0.8% and 1.5%

** Higher oil prices weigh on margins of oil marketing cos

** YTD, ONGC rises ~12.3%, OILI gains ~10%

(Reporting by Brijesh Patel in Bengaluru)

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Feb 11 (Reuters) - Oil India Ltd OILI.NS Exec:

• TO OPERATE 9 MTPA NUMALIGARH REFINERY AT 50% CAPACITY IN MARCH QUARTER

• ON COURSE TO CROSS LAST YEAR'S RECORD ANNUAL PRODUCTION LEVELS

• HAS OPTION TO RAISE STAKE TO OVER 10% IN PLANNED REFINERY BY BPCL IN ANDHRA PRADESH

Source text: [ID:]

Further company coverage: OILI.NS

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Feb 10 (Reuters) - Oil India Ltd OILI.NS:

• DEC-QUARTER PROFIT 8.08 BILLION RUPEES

• DEC-QUARTER REVENUE FROM OPERATIONS 49.16 BILLION RUPEES

• SECOND INTERIM DIVIDEND OF 7 RUPEES PER SHARE

Source text: [ID:]

Further company coverage: OILI.NS

(([email protected];))

** Shares of oil explorers Oil and Natural Gas Corp Ltd ONGC.NS and Oil India OILI.NS fall as much as 2.6% and 5.3%, respectively, tracking fall in oil prices O/R

** Downstream firms like Indian Oil Corp IOC.NS and Hindustan Petroleum Corp HPCL.NS, which benefit from lower oil prices, are up 0.4% and 2.2%, respectively.

** Nifty Energy .NIFTYENR index is up 0.2% vs Nifty 50 .NSEI up 0.3%

** Trump said over the weekend Iran was "seriously talking" with Washington, signalling de-escalation with an OPEC member after risks of a military strike drove prices to multi-month highs

(Reporting by Nandan Mandayam in Bengaluru)

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Adds details, context paragraphs 4-6

Jan 29 (Reuters) - Mozambique and TotalEnergies TTEF.PA will relaunch development of the French energy major's $20 billion liquefied natural gas plant on Thursday, nearly five years after it was put on hold following a deadly attack by Islamist militants.

Construction of the project was halted in 2021. But TotalEnergies, which has taken extra equity with its partners after some backers pulled out, said late last year it was ready to resume work at the site in the northern province of Cabo Delgado.

Mozambique's President Daniel Chapo and TotalEnergies CEO Patrick Pouyanne were due to attend a ceremony marking its relaunch, the government said.

"The resumption of the project ... represents a significant milestone for the national economy and reaffirms the confidence of international partners in the energy, institutional and human potential of Mozambique," a statement from Chapo's office said.

Total confirmed the government's announcement but declined to provide further details.

SECURITY HAS IMPROVED, BUT COSTS HAVE RISEN

Security has improved in Cabo Delgado, particularly with the special deployment of Rwandan soldiers around the Afungi construction site. The Islamist insurgency, though weakened, continues to simmer, however.

With capacity to produce 13 million metric tons of LNG annually, the project is expected to make Mozambique a major gas exporter, transforming the poor African nation's economy when it begins producing in 2029. But it has been dogged by security, finance and human rights issues that have spooked some investors.

In October, TotalEnergies wrote to Chapo estimating that the project's costs had risen by $4.5 billion in the years it had been on hold. It said the consortium wanted the development and production period extended by 10 years as partial compensation.

It is unclear whether these extra cost issues have been resolved after Chapo said Mozambique had "counter-arguments" to this amount.

TotalEnergies has a 26.5% stake in the Mozambique LNG consortium. Japan's Mitsui owns 20%, with ENH at 15%, and Bharat Petroleum, Oil India, and ONGC Videsh all on 10%. Thailand's PTTEP holds the remaining 8.5% stake.

(Reporting by Custodio Cossa and Wendell Roelf;
Additional reporting Sfundo Parakozov in Johannesburg and America Hernandez in Paris;
Editing by Alexander Winning and Joe Bavier)

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** Shares of Indian upstream oil companies ONGC ONGC.NS and Oil India OILI.NS rise 6.2% and 7.3%, respectively

** Oil prices rose 3% on Tuesday as winter storm disrupts U.S. crude output and exports O/R

** ONGC supported by JVs' shipbuilding contract with Samsung Heavy Industries for two Indian-flag ethane carriers

** Over 18 mln ONGC shares trade on the day, 2x the 30-day-avg vol; OILI trading volume around 10x 30-day-average

** ONGC up about 3% so far in Jan, while OILI gains around 6%

(Reporting by Surbhi Misra in Bengaluru)

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Jan 27 (Reuters) - Oil India Ltd OILI.NS:

• OIL INDIA CHAIR: INITIATED DISCUSSION WITH CANADA FOR STUDYING CRITICAL MINERAL RESOURCES

Source text: [ID:]

Further company coverage: OILI.NS

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Jan 23 (Reuters) -

• OIL INDIA TO SIGN MOU WITH TOTALENERGIES FOR LNG SOURCING - GOVERNMENT STATEMENT

• INDIA BPCL TO SIGN CRUDE IMPORT DEAL FOR BRAZIL OIL - GOVT STATEMENT

• BPCL TO BUY 12 MLN BARRELS BRAZILIAN CRUDE FROM PETROBRAS - GOVT STATEMENT

• INDIA NUMALIGARH REFINERY LTD TO COLLABORATE WITH TOTALENERGIES TO SET UP SAF PROJECT IN EASTERN INDIA - GOVT STATEMENT

• OIL INDIA TO SIGN MOU WITH TOTALENERGIES FOR LNG SOURCING - GOVT STATEMENT

Further company coverage: OILI.NS

(([email protected];))

** India's upstream oil companies ONGC ONGC.NS and Oil India OILI.NS rise 1.8% and 3.6%, respectively

** Both stocks set for fourth consecutive session of gains, if current momentum holds

** Brent crude oil prices rise to seven-week high on Tuesday, before easing 0.2% on the day O/R

** Fears of disruption in Iranian oil supply boosts the commodity's prices

** Over 5 million OILI shares trade on the day, 2.5x of 30-day average volume; ONGC volumes also surpass 30-day average

** ONGC up 3.4% this year, while OILI up 10.2%

(Reporting by Vivek Kumar M)

(([email protected]))

** Indian oil marketing cos BPCL BPCL.NS, HPCL HPCL.NS and IOC IOC.NS surge 32%, 21.1% and 22.1%, respectively, in 2025

** Stocks among top 10 gainers on 41-member Nifty Energy index .NIFTYENR, which is up 0.5% for the year

** Oil prices set to fall more than 15% in 2025 as supply outpaced demand in a year marked by wars, higher tariffs and OPEC+ output and sanctions on Russia, Iran and Venezuela

** Lower oil prices boost margins of OMCs, while weighing on upstream oil companies like ONGC ONGC.NS and Oil India OILI.NS

** ONGC and OILI down 0.4% and 1.2%, respectively, in 2025

** ONGC, IOC, OILI, BPCL and HPCL up 1.7%-5.5% on Wed

(Reporting by Vivek Kumar M)

(([email protected];))

Nov 14 (Reuters) - Indian explorer Oil India OILI.NS reported a 43% slump in second-quarter profit on Friday, as crude realisations, or the price at which it sells the product, declined, while higher expenses also weighed on margins.

The state-owned firm's standalone profit, which excludes earnings from joint ventures and overseas operations, fell to 10.44 billion rupees ($118.8 million) for the quarter ended September 30 from 18.34 billion rupees last year.

The company's crude oil price realisation slid 14% to $68.19 per barrel, from $79.33 per barrel a year ago.

While fuel demand in India, the world's third biggest oil importer and consumer, rose for two out of the three months in the July-September quarter, the company's revenue from operations fell 1.1% on-year to 54.57 billion rupees.

Prices of global brent crude oil LCOc1 were down 0.25% in the quarter.

The company's total expenses also jumped about 22% to 49.7 billion rupees, while operating margin for the quarter shrunk to 13.69% from 30.43% a year earlier.

Oil India's shares dropped 4.7% during the July-September quarter, while larger peer ONGC ONGC.NS fell nearly 2%.

($1 = 87.8950 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru; Editing by Eileen Soreng)

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Oct 28 (Reuters) - Oil India Ltd OILI.NS

• OIL INDIA CHAIR: CO SEEKING LEGAL OPINION ON STAKE IN SANCTIONED RUSSIAN OIL FIELDS

• OIL INDIA CHAIR: OIL INDIA'S $300 MILLION DIVIDEND FOR STAKE IN RUSSIAN FIELD STUCK IN BANKS IN RUSSIA

Further company coverage: OILI.NS

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Oct 13 (Reuters) - Oil India Ltd OILI.NS:

• OIL INDIA - CO AND NEEPCO SIGN 15-YEAR GAS SUPPLY AGREEMENT

• OIL INDIA - INKS GAS SALE AGREEMENT WITH NEEPCO FOR 1.4 MMSCMD SUPPLY

Source text: ID:nBSE79cqc3

Further company coverage: OILI.NS

(([email protected];;))

** Shares of Oil India Ltd OILI.NS rise as much as 3.1% to 410.25 rupees

** Crude oil and natural gas producer reports occurrence of natural gas in Andaman shallow offshore block

** Adds, preliminary analysis has confirmed presence of natural gas

** More than 1.4 mln shares traded as of 10:52 a.m. IST, nearly their 30-day moving avg of over 1.8 mln shares

** Average rating on stock by 19 analysts is "buy"; median PT is 517.5 rupees - data compiled by LSEG

** OILI last up 1.9% vs 1% gain in Nifty energy index .NIFTYENR

** YTD, OILI down 4.8% vs 0.02% advance in subindex

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))

Sept 25 (Reuters) - Indian refiners' crude throughput declined 4.4% month-on-month in August to 5.27 million barrels per day (22.29 million metric tons), according to provisional government data released on Thursday.

Refinery throughput in July was at 5.51 million barrels per day (23.31 million metric tons).

On a year-on-year basis, refinery throughput rose 3% in August.

India's fuel consumption in August hit an 11-month low, slipping 3.8% month-on-month to 18.73 million metric tons, oil ministry data showed.

India is the world's third-biggest oil importer and consumer.

Meanwhile, Indian oil refiners are increasing gasoline and diesel exports to their highest levels in several years, driven by expanded crude processing capacity and increased domestic ethanol blending that has freed up fuel supplies for overseas markets, traders and analysts said.

This year, India's crude processing is expected to increase by 130,000 to 160,000 barrels per day to about 5.51 million bpd, with gasoline exports hitting a record high of around 400,000 bpd, according to consultancy Wood Mackenzie.

In July, European Union countries approved an 18th sanctions package against Russia over its war in Ukraine, with a lower price cap on Russian oil.

The rise in Indian exports is expected to help meet Europe's winter heating oil demand and support Indian refining margins, after refiners turned to discounted Russian crude.

REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):

Source: Ministry of Petroleum and Natural Gas

IOC: Indian Oil Corp IOC.NS

BPCL: Bharat Petroleum Corp Ltd BPCL.NS

HPCL: Hindustan Petroleum Corp Ltd HPCL.NS

CPCL: Chennai Petroleum Corp Ltd CHPC.NS

MRPL: Mangalore Refinery and Petrochemicals Ltd MRPL.NS

Reliance Industries Ltd RELI.NS

Please note that CPCL's CBR refinery is de-commissioned under shutdown due to limitation in meeting required product specifications with the existing configuration.

(Reporting by Noel John in Bengaluru; Editing by Sonia Cheema)

(([email protected];))

** Shares of Hindustan Copper HCPR.NS jump 6.7% to 301.68 rupees

** Co signs pact with state run Oil India OILI.NS to explore critical minerals, including copper and associated minerals, on Friday

** OILI shares up 1.5%

** Also signs deed for 20 more year to reopen and expand Rakha copper mine in the eastern state of Jharkhand on Friday

** After a 20-year shutdown, co appointed South West Mining Limited to reopen and develop the copper mine in January

** More than 28.7 million shares traded, almost 5.5x times their 30-day avg

** YTD, HCPR up 22%

(Reporting by Urvi Dugar)

(([email protected]))

Sept 19 (Reuters) - Oil India Ltd OILI.NS:

• CO AND RVUNL SIGN JVA FOR 1.2 GW RENEWABLE PROJECTS

Source text: ID:nBSE5hC6Fv

Further company coverage: OILI.NS

(([email protected];))

By Nidhi Verma

NEW DELHI, Sept 18 (Reuters) - India's state-run Oil India Ltd OILI.NS expects a $20-billion, TotalEnergies-operated Mozambique liquefied natural gas project in which it owns a stake to restart development by the end of this year, its chairman Ranjit Rath said on Thursday.

TotalEnergies TTEF.PA halted construction of the project and imposed force majeure in 2021 following a deadly attack on the site by Islamic State-linked insurgents.

"With improved security conditions, the project is expected to restart in the second half of 2025 and is well-positioned to meet the growing demand of the Indian gas market," Rath said at its annual shareholder meet.

TotalEnergies CEO Patrick Pouyanne said in June he expected development to resume "this summer".

TotalEnergies is the project operator with a 26.5% stake, followed by Mitsui & Co 8031.T with 20%, while Mozambique's state-owned ENH has 15%.

Indian state firms ONGC Videsh, Bharat PetroResources and Oil India together hold 30% in the project, with Thailand's PTTEP PTTEP.BK owning the remainder.

Explorer Oil India also holds a minority stake in the Vankorneft and Taas-Yuryakh projects in Russia.

Rath said Oil India has received dividends equivalent to 91% of its investment in the Russian projects.

"A highlight of the year was the robust dividend flow from Russian assets, amounting to $942 million, representing over 91% of our original investment in Vankorneft and Taas-Yuryakh, with full recovery expected in the coming year," he said.

(Reporting by Nidhi Verma; Editing by Joe Bavier)

(([email protected]; +91 11 49548031; Reuters Messaging: [email protected]))

MUMBAI, Sept 17 (Reuters) - A unit of Oil India OILI.NS plans to raise 50 billion rupees ($569 million), which includes a greenshoe option of 40 billion rupees, through the sale of 10-year bonds, two merchant bankers said on Wednesday.

Numaligarh Refinery in the state of Assam has invited coupon and commitment for its debut bond issue on Monday, they said.

In August, Reuters had reported that the company is planning to raise funds through bond issue in September.

The company did not respond to an email seeking comment.

Here is the list of deals reported so far on September 17:

*Size includes base plus greenshoe for some issues

($1 = 87.8730 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)

(([email protected]))

** India's Nifty Oil & Gas .NIFOILGAS and Nifty Energy .NIFTYENR indexes are down 0.87%, while the broader NSE Nifty 50 index .NSE is up 0.15%

** India government raised tax rates on oil and gas exploration, production, and pipeline services from 12% to 18%

** Higher GST rate will make exploration and production projects — particularly coal-bed methane initiatives — less competitive, creating headwinds for efforts aimed at boosting domestic output and reducing import dependence, says Dhaval Popat, energy analyst at Choice Institutional Equities

** 11 of 15 stocks in Nifty Oil & Gas index, and 35 of 40 stocks in Nifty Energy index are trading lower

** India's top oil explorers, Oil India OILI.NS and ONGC ONGC.NS, which are constituents of both oil & gas and energy indexes, are down 2.1% and 1.2%, respectively

** YTD, Nifty Oil & Gas up 1.7%, Nifty Energy down 2.5%

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected]; +91 8697274436;))

By Dharamraj Dhutia

MUMBAI, Aug 29 (Reuters) - A unit of Oil India OILI.NS is likely to raise around 50 billion rupees ($565 million) through the sale of short-term bonds next month, two merchant bankers said on Friday.

Numaligarh Refinery, based in the state of Assam, is looking to issue its debut notes with a maturity of three years to five years, the bankers, who are aware of the matter, said.

The company did not respond to an email seeking comment, while the bankers requested anonymity as the matter is private.

"The company could tap the market in September, and if the need arises, it could also go for a two-tranche issue," one of the bankers said.

The bonds have been rated 'AAA' by Crisil and India Ratings.

The issuance comes at a time when Indian firms have raised a record quantum of funds in the first five months of this financial year.

($1 = 88.28 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)

(([email protected];))

Aug 26 (Reuters) - Oil India Ltd OILI.NS:

• OIL INDIA LTD - CO AND BPCL EXECUTE JV AGREEMENT FOR GAS DISTRIBUTION

• OIL INDIA - JV FOR CITY GAS DISTRIBUTION IN ARUNACHAL PRADESH

• OIL INDIA LTD - JVC TO CREATE GAS DISTRIBUTION NETWORK IN ARUNACHAL PRADESH

• OIL INDIA LTD - CO AND BPCL EXECUTE JV AGREEMENT FOR GAS DISTRIBUTION

Source text: ID:nBSE4Ypm2H

Further company coverage: OILI.NS

(([email protected];;))

** Crude oil and natural gas producer Oil India OILI.NS falls ~2% to 416.65 rupees after Q1 results

** State run firm's standalone net profit falls 45% y/y due to softer oil prices, while revenue declines 14%

** CLSA says standalone profit was a "big miss", driven by higher than estimated costs due to drywell write- offs and a one time impairment charge

** Stock rated "buy" on avg by 20 analysts, with median PT of 515 rupees implying an upside of ~24% to the current stock price, as per data compiled by LSEG

** YTD, stock down ~4%

(Reporting by Ananta Agarwal in Bengaluru)

(([email protected]))

Aug 12 (Reuters) - Oil India Ltd OILI.NS:

• OIL INDIA Q1 PROFIT 8.13 BILLION RUPEES; IBES EST. 13.2 BILLION RUPEES

• OIL INDIA Q1 REVENUE FROM OPERATIONS 50.12 BILLION RUPEES

Source text: [ID:]

Further company coverage: OILI.NS

(([email protected];;))

Aug 7 (Reuters) - Oil India Ltd OILI.NS:

• OIL AND IREL SIGN MOU TO COLLABORATE ON RARE EARTH AND CRITICAL MINERALS

• COLLABORATION WILL PLAY VITAL ROLE IN SECURING STRATEGIC MINERAL RESOURCES

Further company coverage: OILI.NS

(([email protected];;))

- Source link: (https://bitl.to/4s7e)

- Note: Reuters has not verified this story and does not vouch for its accuracy

(Bengaluru newsroom)

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