Company Overview and News

 
HOEC signs contract with govt for Assam oil block

2018-10-03 thehindubusinessline
Hindustan Oil Exploration Company Ltd (HOEC) on Wednesday said it has signed a revenue sharing contract with the Government for an oil and gas block in Assam that it had won in the first round of Open Acreage Licensing Policy (OALP).
IOC 533106 HINDOILEXP OIL 530965 500186

 
Government inks pacts with winners of 55 hydrocarbon blocks

2018-10-01 financialexpress
Paving the way for the next wave of hydrocarbon explorations in the country, the government on Monday signed agreements with the winners of the 55 blocks offered under the Open Acreage Licensing Policy (OALP), a critical part of the Hydrocarbon Exploration Licensing Policy (HELP) launched in March 2016. Vedanta Cairn has been awarded 41 blocks offered and Oil India has been awarded 9 blocks. ONGC has won 2 blocks.
533106 VED HINDOILEXP 500325 530075 OIL RELIANCE RIGD SELAN 500186 RLNIY

 
Govt signs OALP-1 contracts with Vedanta, ONGC

2018-10-01 moneycontrol
As much as Rs 5,900 crore of investment has been committed in 55 oil and gas exploration areas awarded under India's maiden open acreage auction, OALP-1, Oil Minister Dharmendra Pradhan said.
HINDOILEXP 500325 BPCL 500547 BRQPY RELIANCE RIGD 500186 RLNIY

4
Tata Petrodyne may be sold to Invenire Energy

2018-09-12 livemint
Mumbai: Invenire Energy Pvt. Ltd will likely acquire Tata Petrodyne Ltd (), the upstream oil and gas business of the diversified Tata Group, said three people aware of the matter. Invenire Energy is backed by a consortium of private equity firms for the potential deal, the people who didn’t wish to be named said in an interview. The transaction is expected to close shortly, they said without disclosing the estimated value of the deal.
TATAPOWER CAIRN CWNQY 500470 HINDOILEXP TTST 532792 TATASTEEL TATLY TPCL 500400 500570 TATAMOTORS 500186 TTM

 
Vedanta bags 41 oil blocks in open acreage auction

2018-08-29 freepressjournal.in
New Delhi : Mining mogul Anil Agarwal-led Vedanta has bagged 41 out of 55 oil and gas exploration blocks offered in India’s maiden open acreage auction, upstream regulator DGH said on Tuesday.
HINDOILEXP BPCL 500547 BRQPY 500186

 
Government notifies incentives to oil PSUs in pre-NELP blocks

2018-08-15 moneycontrol
The government has notified a new policy requiring state owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) to pay royalty and cess tax only to the extent of their equity holding in certain pre-1999 oil and gas fields.
533106 HINDOILEXP CNE OIL CRNZF 500186 CRNCY

 
Vedanta set to bag 40 oil blocks, ONGC 2, HOEC 1

2018-08-07 livemint
New Delhi: Anil Agarwal-led Vedanta Ltd is likely to bag as many as 40 oil and gas exploration blocks in India’s maiden open acreage auction, people familiar with the matter said on Tuesday.
HINDOILEXP 532792 500325 RELIANCE RIGD 500186 CAIRN CWNQY RLNIY

 
Vedanta set to bag 40 oil blocks, ONGC 2, HOEC 1

2018-08-07 moneycontrol
Anil Agarwal-led Vedanta Ltd is likely to bag as many as 40 oil and gas exploration blocks in India's maiden open acreage auction, official sources said today. An Empowered Committee of Secretaries (ECS) has cleared award of blocks offered in OALP-1, bidding for which closed on May 2, they said.
HINDOILEXP 532792 500325 RELIANCE RIGD 500186 CAIRN CWNQY RLNIY

 
HOEC rises 4% on completion of two well re-entry, side track drilling

2018-07-13 moneycontrol
Shares of Hindustan Oil Exploration Company (HOEC) added 4.7 percent intraday Friday as company completed two well re-entry and side track drilling campaign which commenced in April 2018.
HINDOILEXP 500186

 
JK Cement, Omaxe Auto results on Saturday

2018-05-11 thehindubusinessline
The boards of Alkali Metals, Bajaj Hindusthan, Gallant Ispat, Gallant Metal, Hindustan Oil Exploration, JK Cement, LGB Forge, Omaxe Auto, PTC India Financial, Vinati Organics and Vardhman Textiles will meet on Saturday for Q4/FY18 results for the period ended March 2018. The JK Cement board will also consider issuance of NCDs on private placement. SORIL Holdings and Ventures will consider a preferential issue/price for equity shares to foreign investors.
VTL 533007 533029 HINDOILEXP 500820 LGBFORGE ALKALI 524200 502986 VINATIORGA ASIANPAINT 500186

 
Hindustan Oil Exploration Company (₹129.8): Buy

2018-05-09 premium.thehindubusinessline
The stock of Hindustan Oil Exploration Company has been on a short-term uptrend since taking support at around ₹100 in early March this year.
HINDOILEXP 500186

 
Tata Group’s business restructuring plan hits a ‘hydrocarbon’ hurdle

2018-04-19 livemint
Mumbai: Tata Petrodyne Ltd, which has put up its six oil and gas blocks for sale, is yet to find interest from buyers, two people aware of the matter said.
HINDOILEXP 532792 TATAPOWER TPCL 500400 500186 CAIRN CWNQY

2
Deadline for bidding oil and gas blocks extended to May 2

2018-03-22 thehindubusinessline
The government on Thursday pushed back by a month the last date of bidding for a record number of oil and gas blocks to May 2.
533106 HINDOILEXP 532792 OIL 500186 CAIRN VEDL CWNQY

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