Oil Exploration
26 recent notes from companies in this sector. 8 companies tracked.
Oil India widens authorised capital to ₹5,000 cr, no immediate issue
Board recommends tripling authorised share capital from ₹2,000 cr to ₹5,000 cr. The move is enabling, not dilutive. No equity plan announced.
Asian Energy lands ₹187.6 cr GSECL order, its first outside Coal India
The turnkey EPC contract for Ukai Thermal Power Station adds 24% of FY26 revenue to the order book and diversifies the client base into state utilities.
Deep Industries locks in ₹84 cr ONGC gas compression contract
Three-year charter hire at Assam facility worth 9.4% of FY26 revenue; adds to ₹3,000 cr order book
Antelopus Selan courts Old Bridge, Helios in Mumbai roadshow
The small-cap E&P firm will hold one-on-one meetings with two marquee fund managers on June 24-25, signaling potential institutional interest after a recent credit rating upgrade to IND A.
HOEC transcript repeats known production targets
The Q4 earnings call transcript restates production targets of 10,000-33,000 boe/d and HPCL crude update; no fresh financial guidance.
HOEC targets 10x production jump in three years
Management sees 10,000-11,000 boe/d by June 2027 and 32,000-33,000 by 2029, backed by a 20-well drilling program. HPCL crude sale being resold, cash in 2-3 months. No equity raise planned.
HOEC's Q4 presentation confirms prior results, offers no surprises
The earnings call deck for Q4 FY26 repeats already-reported financials. The ongoing HPCL dispute is mentioned but no new developments.
HOEC FY26 profit down 26% after ₹259-cr HPCL sale reversal
The cancellation of a crude oil sale to HPCL after a quality dispute erased ₹259 crore in revenue. An exceptional gain from a stake acquisition cushioned the blow, but the dispute remains unresolved.
HOEC PBT falls 26% as ₹259-cr HPCL sale cancelled
Revenue reversal and inventory overhang weigh on FY26 results; exceptional gain from B-80 stake partially offsets. Auditor flags HPCL dispute.
Duke Offshore's promoters sell out to Aspect Global for ₹20.87 cr
Aspect Global is buying the Duke family's entire 70.61% stake and making a public offer for another 26% at ₹30 a share. The combined price dwarfs the company's market cap.
Antelopus Selan lands its first investment-grade rating at IND A
India Rates hands the small-cap E&P its inaugural rating, citing 10.68 million barrels of proven reserves and rising EBITDA.
Oil India finds gas again in Andaman, but the filing is empty of numbers.
A second well in the Andaman offshore block confirms natural gas. The company has not disclosed flow rates, reserves, or any financial impact.
Asian Energy gets a foot in the door at Oil India. No cash yet.
The micro-cap is pre-qualified to bid on seismic surveys, but every contract still requires a separate win.
ONGC misses production targets as key projects face fresh delays
The state-owned explorer produced 18.355 million metric tonnes of crude against a 21.5 million tonne target, while KG-98/2 and Daman projects slip further.
ONGC pays record dividend as consolidated profit jumps 53%
Consolidated net profit reached ₹13,678 crore for the March quarter. The board declared a record total dividend of ₹16,669 crore for FY26.
ONGC reports Q4 results with no new strategic surprises
The company released audited financial results for the quarter and fiscal year ending March 31, 2026. Prior disclosures regarding a new joint venture and a parent guarantee remain the primary strategic updates.
ONGC posts ₹32,894 cr profit as it eyes new Dahej port venture
The state-owned explorer reported a 7.6% profit dip for FY26 while greenlighting a 50:50 joint venture for a liquid port in Gujarat.
Oil India reports record profit despite five-year low crude prices
Management targets 100 new wells in FY27 while shifting its narrative on the Andaman exploration project. The company posted a record profit of ₹7,551 crore.
Asian Energy Services earnings transcript adds no new information
The Q4 and FY26 earnings transcript formalizes previously disclosed details on supply chain misses and future growth targets.
ONGC picks BP to lift Western Offshore output by a third over ten years
BP Exploration Services India won a ten-year contract to boost gas output by 31.5% and crude by 10.8% from ONGC's Western Offshore fields, excluding Mumbai High.
Jindal Drilling posts standalone growth as consolidated profit dips
Standalone revenue climbed 20% to ₹99,657 lakhs for FY26 while the company declared a ₹1 dividend per share.
Jindal Drilling's standalone profit jumps 22%, but group profit dips on labor charge
Standalone revenue grew 20% to ₹99,657 lakhs, but a ₹395 lakh one-off cost nudged the consolidated bottom line lower.
Jindal Drilling's revenue grew 20%, but group profit still fell
FY26 audited results show the parent company thrived, but consolidated profit slipped on what the filing doesn't explain.
Jindal Drilling records ₹210 cr consolidated profit for FY26
Revenue climbed 20% to ₹996 cr, but bottom-line growth stalled as consolidated profits slipped 2.5% during the fiscal year.
Oil India finds gas in Rajasthan's Dandewala field
A modest discovery in the shallow Sanu formation opens a new play but adds little to the company's annual output.
Deep Industries transcript confirms prior call; no new price triggers
The transcript of the May 15 concall adds nothing beyond the earlier summary