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Ramping up business will increase gross revenues to Rs 40 lakh/day, says HOEC

2017-09-14 moneycontrol
Hindustan Oil Exploration Company (HOEC) has been buzzing and has gained 45 percent this year so-far and 14 percent this month. In an interview to CNBC-TV18, P Elango, MD of the company spoke about the latest happenings and his outlook going ahead.

Lower production costs help upstream oil, gas companies tide over depressed crude prices

2017-08-17 thehindubusinessline
Despite crude oil and natural gas prices remaining range bound, technological enhancements and lower production costs have come to the rescue of upstream oil and gas companies, according to industry players and analysts.

Hindustan Oil Exploration Company (₹77.6)

2017-08-17 premium.thehindubusinessline
Buying a house to just rent it out may not be a lucrative option in India, shows study of data provided by JLL India. Average rental yields were 3.1 per cent, as of May 2017, for top six cities in... »

Tata Sons may shut oil production arm Petrodyne in business revamp

2017-08-02 livemint
Mumbai: Tata Sons Ltd may shut down Tata Petrodyne Ltd (TPL), its oil exploration and production arm, as new chairman N. Chandrasekaran weeds out businesses that are unprofitable or lack scale, according to two people aware of the development.

Top buzzing midcap stocks to trade on June 16

2017-06-16 moneycontrol
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- Lupin, Sun Pharmaceutical, Dr Reddys, Cipla, Ipca Labs, Aksharchem, Gol Offshore, Aban Offshore, Hindustan Oil Exploration Company, Jindal Drilling, Oil Country, Dolphin Offshore, Reliance Infrastructure, and Jai Corp.

Having a flair for oil and gas

2017-04-23 thehindubusinessline
“This is an industry where you can go to bed as a child and wake up as an adult,” says veteran

This week in earnings: Hits that you may have missed

2017-04-21 moneycontrol
Tata Consultancy Services, Yes Bank and IndusInd Bank grabbed the headlines this week on the earnings front. But there were quite a few surprises from some well-known and some rather unknown names.

HOEC rises 4%, reports profit of Rs 9.8 crore in Q4

2017-04-19 moneycontrol
Shares of Hindustan Oil Exploration Company (HOEC) gained 4.6 percent intraday Wednesday as it has turned profitable in the quarter ended March 2017.

Hindustan Oil Exploration Company reports standalone net profit of Rs 9.82 crore in the March 2017 quarter

2017-04-18 indiainfoline
Hindustan Oil Exploration Company reports standalone net profit of Rs 9.82 crore in the March 2017 quarter

Will TCS Q4 revive sector sentiment?

2017-04-17 thehindubusinessline
After Infosys results that failed to cheer market participants last week, this week it will be the turn of TCS. Its board is meeting on Tuesday to take account of the audited results of the company for the full year and the quarter ended March 2017. Analysts expect TCS to report about 3 per cent sequential fall in consolidated net profit. Hindustan Oil Exploration, Omax Autos and VST Industries will also announce their FY and Q4 financial performance.

Industry urges govt to incentivise measures for enhanced oil recovery

2017-04-04 thehindubusinessline
Companies in the oil and gas exploration and production business want the government to incentivise Enhanced Oil Recovery (EOR) measures to boost output.

Hindustan Oil Exploration Company: Oiling the pipeline - Buy

2017-04-02 thehindubusinessline
The stock of Hindustan Oil Exploration Company (HOEC) has more than doubled over the past year. Change in management and ownership, a turnaround plan that has been making good progress, wins in the recent discovered fields block auctions and other positive news have contributed to the rally. Despite the run-up, investors with a long-term perspective and high risk appetite can buy the stock.

Company news

2017-03-31 thehindubusinessline
JBF Industries on Friday said its step-down subsidiary JBF Petrochemicals has commissioned a purified terephthalic acid plant at Mangaluru in Karnataka. The plant, with a capacity is 1.25 mtpa, will strengthen competitiveness in the polyester chain space and also help improve margins, the company said in a filing to the exchanges. Shares of JBF Industries gained 1.6 per cent at ₹278.25 on the NSE.

Discovered small field bids: govt signs 31 contracts

2017-03-27 thehindubusinessline
After a gap of over six years India once again awarded oil and gas blocks, but with a difference. This time it has awarded already discovered areas which were owned by public sector companies — ONGC and Oil India.

Pre-NELP contract extension to benefit Cairn, OIL, Essar

2017-03-24 indiainfoline
On March 22, 2017, Union Cabinet moves to extend the production sharing contracts will benefit Oil India Ltd, Cairn India, Focus Energy, GSPC, Essar Oil & Hindustan Oil Exploration Company.

Government to sign oil and gas field contracts soon

New Delhi : The government will on Tuesday said that it will sign contracts for the 31 small discovered oil and gas fields it had auctioned in the first bid round in more than six years.


2017-03-06 londonstockexchange

Cairn India appoints Melody Meyer, Atul Gupta as technical advisors

2017-03-06 thehindubusinessline
Cairn India has appointed oil and gas exploration experts Melody Meyer and Atul Gupta on its team to drive the company’s aim of contributing 50 per cent of India’s overall crude production. According to a company official, both Meyer and Gupta have been appointed as Technical Advisors.

HOEC sees early monetisation of Arunachal oilfield

2017-02-22 thehindubusinessline
Hindustan Oil Exploration Company (HOEC), which won rights to develop two already discovered, marginal fields in a recent government auction, says it sees early monetisation of the one in Arunachal Pradesh.

Small fields: New firms bet on pricing freedom, new contract regime

2017-02-16 thehindubusinessline
First-time entrants to India’s hydrocarbon space believe that pricing freedom and a new contract regime for monetising the discovered marginal fields have made the business attractive.

State oil companies corner one-third of small fields in first auction

2017-02-16 business-standard
State-owned oil firms IOC, BPCL and HPCL have cornered a third of the 31 small discovered oil and gas fields awarded in the first auction in more than six years. Touted as an auction round that would replicate the shale gas revolution of the US, half of the fields went to new and lesser known entrants like engineering company Megha Engineering & Infrastructure, KEI-RSOS Petroleum, Enquest Drilling and Nippon Power.

State oil cos corner 1/3rd of small fields in first auction

2017-02-16 moneycontrol
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HOEC seeks to re-open dormant Bay of Bengal oil field

2017-01-27 thehindubusinessline
A go-ahead to implement a $28-million plan to reopen the field will result in the production of at least 3,000 barrels of oil

Hindustan Oil Exploration Company (₹74.1)

2017-01-19 thehindubusinessline
Investors can buy the stock of Hindustan Oil Exploration Company at current levels. On Thursday, the stock surged 10 per cent accompanied by extraordinary volume breaking through a symmetrical triangle as well as a key resistance at ₹70. This is a bullish continuation pattern. Since taking support at around ₹26 in February 2016, the stock has been on an intermediate-term uptrend. Medium- and short-term trends are also up for the stock.

Hind Oil jumps 10.16% after company gets crucial clearance

2017-01-19 thehindubusinessline
Hindustan Oil Exploration Company jumped 10.16 per cent (₹6.85) to its year-high of ₹74.25 a share, a day after the company announced its results for the quarter ended December.