Oil India

July 2 (Reuters) - Oil India Ltd OILI.NS:

• OIL INDIA CHAIR: TO COMMISSION 9 MTPA NUMALIGARH REFINERY IN EARLY 2027

• OIL INDIA CHAIR: TO IMPORT 5.5-6 MILLION TON/YEAR OIL FOR NUMALIGARH REFINERY

• OIL INDIA CHAIR: NUMALIGARH REFINERY TO MAINLY PRODUCE DIESEL, GASOLINE

• OIL INDIA CHAIR: TO SELL FUELS FROM NUMALIGARH REFINERY IN LOCAL MARKET

Source text: [ID:]

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** Nomura touts Indian oil marketing companies, city gas distributors and Petronet LNG as biggest beneficiaries if Strait of Hormuz reopens, crude prices continue to ease

** Says crude could fall below $70 per barrel over the next few months if sanctions on Iran are lifted and oil flows normalise

** On Tuesday, IOC shares rise 0.27%, BPCL gains 0.13%, HPCL up 0.49%, PLNG advances 0.49%, RELI up 1.64% and ONGC up 0.88%

KEY STOCK IMPACT OF IRAN PEACE DEAL

Source: Nomura Research

(Reporting by Surbhi Misra in Bengaluru)

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June 9 (Reuters) - Kellton Tech Solutions Ltd KELL.NS:

• KELLTON TECH SOLUTIONS - LAUNCHES LARGE-SCALE DIGITAL WELLHEAD MONITORING FOR OIL INDIA

Source text: ID:nBSE6zzNss

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June 5 (Reuters) - Asian Energy Services Ltd ASIE.NS:

• OIL INDIA EMPANELS ASIAN ENERGY SERVICES FOR 2D AND 3D SEISMIC DATA SERVICES

Source text: ID:nBSE3wH2L3

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June 4 (Reuters) - Oil India Ltd OILI.NS:

• SOUTH WEST PINNACLE EXPLORATION - EMPANELLED BY OIL INDIA FOR 2D/3D SEISMIC DATA SERVICES

Source text: ID:nNSEcgR7LJ

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May 28 (Reuters) - Likhitha Infrastructure Ltd LIKI.NS:

• LIKHITHA INFRASTRUCTURE - RECEIVES ORDER WORTH 1.21 BILLION RUPEES FROM OIL INDIA

Source text: ID:nBSE84r70m

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

• OIL INDIA - UNIT AND HINDUSTAN WASTE TREATMENT SIGN JV AGREEMENT FOR BIOENERGY AND SUSTAINABLE RESOURCE RECOVERY INITIATIVES

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

• OIL INDIA MARCH-QUARTER PROFIT 17.9 BILLION RUPEES

• OIL INDIA MARCH-QUARTER REVENUE FROM OPERATIONS 59.61 BILLION RUPEES

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** India's Nifty 50 .NSEI and Sensex .BSESN down about 1% each, while rupee INR=IN slides to record low on higher crude prices and persistent foreign outflows due to Mideast tensions

** Twelve of 16 major sectors decline; small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 lose 1.6% and 1.1%, respectively

** IT index .NIFTYIT, which earns a significant share of revenue from U.S., drops 3.6% to three-year low on weak earnings outlook and demand concerns

** TCS TCS.NS, Infosys INFY.NS, HCLTech HCLT.NS and Wipro WIPR.NS fall 3%-5% ahead of U.S. inflation data, with renewed rate-hike expectations likely to rattle markets
** India CPI data also due later in the day

** Brent crude near $105 a barrel; Trump says ceasefire on "life support" after Tehran's response exposes gaps between the two sides

** ONGC ONGC.NS and Oil India OILI.NS rise 6.6% and 9.2% after CLSA flags gains from royalty cuts on crude oil and gas output

** Metals .NIFTYMET gain 1%, tracking global metal prices on supply worries MET/L

(Reporting by Bharath Rajeswaran in Bengaluru)

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Updates for market close

By Bharath Rajeswaran

April 28 (Reuters) - Indian shares declined on Tuesday, as higher crude prices hurt sentiment and banking stocks came under pressure after the Reserve Bank of India's final credit-loss guidelines.

Brent crude LCOc1 rose above $110 a barrel as efforts to end the Middle East war appeared to have stalled. O/R

Higher oil prices are a negative for India, the world's third-largest crude importer, due to heightened inflation risks and pressure on economic growth and corporate earnings.

The Nifty 50 .NSEI fell 0.4% to 23,995.70, while the BSE Sensex .BSESN shed 0.54% to 76,886.91.

Both benchmarks rose about 0.3% in the first hour, but reversed course ahead of the monthly derivatives expiry.

Ten of the 16 major sectors logged losses.

High-weight banks .NSEBANK, private banks .NIFPVTBNK and state-owned lenders .NIFTYPSU lost 1.5%, 1.2% and 2.2%, respectively, after the RBI's new rules.

"The market has taken cognisance of the fact that the upcoming expected credit-loss norms could erode profitability due to higher Stage 2 provisioning," said Saurabh Jain, assistant vice president of retail equities, SMC Global.

Under the norms, Stage 2 assets are loans that have seen a significant increase in credit risk but are not yet credit-impaired.

"PSU banks are likely to feel a sharper pinch than their private-sector peers."

Most private-sector banks already provision conservatively for overdue loans and maintain contingent buffers, while state-owned lenders typically do not.

The new norms could raise provisioning requirements more sharply for PSU banks.

Meanwhile, top carmaker Maruti Suzuki MRTI.NS fell 2.5% after posting a quarterly profit drop due to higher raw material costs. Auto index .NIFTYAUTO lost 1%.

Coal India COAL.NS climbed 3.2% after reporting a larger-than-expected quarterly profit.

ONGC ONGC.NS and Oil India OILI.NS added 5.4% and 4.5%, respectively, as higher crude prices boosted the earnings outlook for upstream companies.

On the flip side, the broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 rose 0.4% and 0.3%, aided by upbeat earnings in key constituents.

(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sumana Nandy, Nivedita Bhattacharjee and Harikrishnan Nair)

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

• HYDROCARBON DISCOVERY IN OVERSEAS BLOCK IN LIBYA

• CO, WITH 25% INTEREST, IS PART OF CONSORTIUM ALONG WITH IOCL IN EXPLORATION OF AREA 95/96 BLOCK

Source text: ID:nnAZN4SSWEY

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April 20 (Reuters) - Oil India Ltd OILI.NS:

• OIL INDIA - UNIT ENTERED MOU WITH NUMALIGARH REFINERY

Source text: ID:nBSEc5SQjG

Further company coverage: OILI.NS

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** India's upstream oil firms ONGC ONGC.NS and Oil India OILI.NS up 0.3% and 0.2% respectively

** Nifty oil and gas .NIFOILGAS up 1.1%, set for third weekly gain

** Ambit Capital cites government decision to hold off on windfall taxes a key positive for sector

** Revises crude oil realisation ceiling assumption to $80/barrel from $70, upgrades earnings per share by 13%-17% for both cos

** Adds, sustained policy push to increase acreage and accelerate deepwater, offshore exploration signals support

** Says, should expedite project timelines, reduce infrastructure bottlenecks, and enable upstream players to drive stronger production growth with better capital efficiency

** Indian exploration and production companies trade at a discount to global peers due to volatility in windfall taxes, historical production disappointments and capped gas realisations

** YTD, ONGC up 18%, while OILI up ~9%; Nifty Oil & Gas down 7%

(Reporting by Pranav Kashyap in Bengaluru)

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** 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

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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

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Updates

** Shares of oil explorers Oil and Natural Gas Corp ONGC.NS and Oil India OILI.NS fall 1% and 5.1%, 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, up 1.2% and 3.5%, respectively.

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

** UBS says India's decision in the federal budget to avoid raising excise duty on retail fuel removes key near-term overhang for oil marketing companies (OMC) and is supportive of marketing margins

** Brokerage flags higher power sector capex and incentives for clean energy, carbon capture and storage as positives for broader energy value chain

** Nifty Energy .NIFTYENR index down 0.1% on Monday vs 0.3% rise in benchmark Nifty 50 .NSEI

(Reporting by Nandan Mandayam and Surbhi Misra 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:]

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Adds details, background throughout

NEW DELHI, Jan 23 (Reuters) - India's Bharat Petroleum Corp Ltd BPCL.NS will buy 12 million oil barrels for $780 million from Brazil's Petrobas PETR3.SA in fiscal 2027, twice the size of its 2026 contract, to partly replace Russian oil, a government statement said on Friday.

Indian refiners are redrafting their oil import strategies, buying more oil from Middle Eastern, African and South American countries to make up for a reduction in Russian oil supplies.

The deal between the Indian state-run refiner and Brazil's national oil company will be signed next week at the India Energy Week conference, the statement added.

OTHER PACTS

During the four-day conference beginning Jan 27, state-run Numaligarh Refinery Ltd (NRL) will also sign a preliminary deal with France's TotalEnergies TTEF.PA to build a 200 kilo tons per year sustainable aviation fuel project at Paradip in eastern Odisha state.

Additionally, NRL and explorer Oil India Ltd OILI.NS will sign a preliminary deal with TotalEnergies to buy liquefied natural gas (LNG) to meet future demand of the two Indian companies.

Separately, BharatPetro Resources Ltd - an unit of BPCL - is set to sign a pact with Shell SHEL.L to buy stakes in oil and gas companies across the world, the government statement said.

(Reporting by Nidhi Verma in New Delhi and Hritam Mukherjee in Bengaluru; Editing by Janane Venkatraman)

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** 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)

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** 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)

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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

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