Company Overview and News
New exploration policy allows companies to carve out blocks of their choice and bring 2.8 million sq. km. of unexplored area
Mumbai: The Tata group has hired EY to explore the sale of Tata Petrodyne Ltd (TPL), its oil and gas exploration and production business, two people aware of the development said.
Hindustan Oil Exploration Company (HOEC) is expecting its production to go up from 500 barrels of oil equivalent during 2015 to around 8,000 barrels during the current fiscal year, backed by the growing production in its Assam facility. The company, which has been facing crisis after shutting down one of its facility in 2011, is expecting its three ongoing projects to take up the production to 25,000 barrels in three to five years, said P Elango, MD of the company. (5-0)
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New Delhi : State-owned ONGC and Vedanta Ltd on Wednesday emerged as the biggest bidders for oil and gas blocks, putting in 41 out of 56 bids received in India’s maiden auction under open acreage licensing regime.
State-owned ONGC and Vedanta Ltd today emerged as the biggest bidders for oil and gas blocks, putting in 41 out of 56 bids received in India's maiden auction under open acreage licensing regime. (5-0)
Hindustan Oil Exploration Co Ltd (HOEC) has submitted a USD 43-million development plan to bring to production the Mumbai offshore oil field it had won in the first discovered field auction in March.
Hindustan Oil Exploration Company (HOEC) is in a sweet spot with projects being implemented on time and greater visibility on monetization of assets in the coming quarters. With the government announcing the second stage of auction of discovered small fields and putting forth a proposal to allow private firms to bid for a majority stake, HOEC stands well positioned to benefit from these measures. (2-0)
The share price of Hindustan Oil Exploration Company (HOEC) reached a year-high of ₹119.40 before closing at ₹111.15 on the BSE, thanks primarily to the rise in prices of Brent crude, which has raced past the $64-mark a barrel. HOEC’s rise is due to the sentiment attached to higher crude prices — the company does not produce oil but only natural gas whose prices are fixed.
Close to two dozen companies will announce their results for the July-September period on Saturday. Among these are Adani Transmission, Agri-Tech (India), Andhra Sugars, Aro Granite, CDSL, Bhageria Industries, Bharat Financial Inclusion, Hindustan Oil Exploration, Jubilant Life Sciences, Jayant Agro Organics, ONGC, Nath Bio-Genes, Seshasayee Paper, Shriram Pistons, Techindia Nirman and TRF. Shares of these companies will react based on their financial performance.
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.
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.
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... »
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.
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.
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton