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Sep 2025
By setting up shop in Saudi Arabia, Shukla positions EIL to win high-value contracts from Aramco.
8International revenues already hit Rs 1,077 crore, the highest in a decade.
8From EngAICosting to EngCO2, EIL under Shukla is arming itself with AI-driven tools that cut procurement costs, forecast emissions, and track projects in real time.
8The EIL CMD, however, acknowledges hydrocarbons remain the backbone, yet she pushes EIL into green hydrogen, biofuels, and waste-to-energy, staking growth on India’s clean energy transition. Details
8International revenues already hit Rs 1,077 crore, the highest in a decade.
8From EngAICosting to EngCO2, EIL under Shukla is arming itself with AI-driven tools that cut procurement costs, forecast emissions, and track projects in real time.
8The EIL CMD, however, acknowledges hydrocarbons remain the backbone, yet she pushes EIL into green hydrogen, biofuels, and waste-to-energy, staking growth on India’s clean energy transition. Details
8Having worked for ONGC, Petrobras, Shell, Total, and BP, this company carries four decades of credibility. Even after near-bankruptcy, it remains one of the most seasoned OSV players in Indian waters.
8At an average fleet age of 16 years against a 25-year usable life, the company believes its ships can sweat harder before fresh capex. The pitch to investors: efficiency, not shiny new tonnage
Click on Details for more Details
8At an average fleet age of 16 years against a 25-year usable life, the company believes its ships can sweat harder before fresh capex. The pitch to investors: efficiency, not shiny new tonnage
Click on Details for more Details
8“It wasn’t the rupture that knocked them off balance—it was the repair.” an industry expert said
Find out the story behind this Details
Find out the story behind this Details
8Crude Production Finally Ticks Up, But Gas Still in Decline
After years of slippage, ONGC’s standalone crude output rose ~1% in FY’25. The sting? Gas still refused to turn positive, even as decline rates slowed — leaving India’s import bill exposed.
8578 Wells Drilled: Efficiency or Desperation?
Record drilling in FY’25 sounds impressive. But 578 wells for just 38 MMToE reserve accretion raises the old question: is ONGC sweating harder for thinner finds?
8Nine Discoveries, Four in OALP — Frontier Bets That May Not Pay Off
OALP acreage yielded four of nine discoveries in FY’25. But with fiscal stability clauses only now locked in under the new Petroleum Lease Act, investors will ask: are these worth the chase?
8HPCL Posts Record Sales — But Margins Collapse to $5.74/bbl
Market sales hit 49.8 MMT and refining thruput 25.3 MMT, yet GRMs sank to $5.74/bbl. Record scale with shrinking profitability tells a harsher story than retail pump milestones.
8MRPL’s Profit Crash: From Rs3,596 Cr to Just Rs51 Cr
Refinery thruput hit a record 18 MMT. Distillate yield touched 81.9%. Yet MRPL’s PAT collapsed 98.5% in a single year. Volumes are up — but margins are bleeding away.
8ONGC Green Goes Shopping: 2.3 GW RE Portfolio Built Overnight
In just one year, ONGC Green added 4.4 GW of assets from PTC and Ayana. But the Rs4,300 crore acquisition spree raises the question: are they chasing optics or viable returns?
8Rs66,000 Crore Locked in Projects — Payback Still a Mirage
21 development projects promise 77.5 MMToE of lifecycle gain. But EDCs stretch out to 2027, meaning cash burn today, volumes tomorrow — if reservoir assumptions hold.
8Consolidated PAT Slumps 30% Despite Highest-Ever Throughput
Group revenues crossed Rs6.7 lakh crore. Refineries posted record thruputs. Yet consolidated PAT slid to Rs38,329 crore — proof that volumes alone no longer guarantee profitability.
8OVL: Colombia and South Sudan Shine, Myanmar Suspended
International bets diverged sharply. Colombia’s CPO-5 jumped 25%, South Sudan nearly doubled. But Myanmar’s EP-3/B2 is frozen until 2025-end — geopolitical risk at play.
8CSR Bill Swells to Rs929 Cr — ESG Optics vs Earnings Pain
CSR outgo rose 46% YoY even as net profits fell. ONGC is buying ESG credibility — but investors will note the widening gap between community optics and shareholder returns.
8Debt Slides, but EBITDA Shrinks: A Tighter Squeeze Ahead
Debt/Equity improved to 0.41. Yet EBITDA plunged from Rs1.18 lakh crore to Rs1.02 lakh crore. Balance sheet looks better, but operating cash flow tells a weaker tale.
Net Zero by 2038: Lofty Pledge, Thin Roadmap
The RE roadmap promises 10 GW by 2030, net zero (Scope 1 & 2) by 2038. But with just 2.3 GW under control, questions loom over delivery discipline beyond the acquisitions. Details
After years of slippage, ONGC’s standalone crude output rose ~1% in FY’25. The sting? Gas still refused to turn positive, even as decline rates slowed — leaving India’s import bill exposed.
8578 Wells Drilled: Efficiency or Desperation?
Record drilling in FY’25 sounds impressive. But 578 wells for just 38 MMToE reserve accretion raises the old question: is ONGC sweating harder for thinner finds?
8Nine Discoveries, Four in OALP — Frontier Bets That May Not Pay Off
OALP acreage yielded four of nine discoveries in FY’25. But with fiscal stability clauses only now locked in under the new Petroleum Lease Act, investors will ask: are these worth the chase?
8HPCL Posts Record Sales — But Margins Collapse to $5.74/bbl
Market sales hit 49.8 MMT and refining thruput 25.3 MMT, yet GRMs sank to $5.74/bbl. Record scale with shrinking profitability tells a harsher story than retail pump milestones.
8MRPL’s Profit Crash: From Rs3,596 Cr to Just Rs51 Cr
Refinery thruput hit a record 18 MMT. Distillate yield touched 81.9%. Yet MRPL’s PAT collapsed 98.5% in a single year. Volumes are up — but margins are bleeding away.
8ONGC Green Goes Shopping: 2.3 GW RE Portfolio Built Overnight
In just one year, ONGC Green added 4.4 GW of assets from PTC and Ayana. But the Rs4,300 crore acquisition spree raises the question: are they chasing optics or viable returns?
8Rs66,000 Crore Locked in Projects — Payback Still a Mirage
21 development projects promise 77.5 MMToE of lifecycle gain. But EDCs stretch out to 2027, meaning cash burn today, volumes tomorrow — if reservoir assumptions hold.
8Consolidated PAT Slumps 30% Despite Highest-Ever Throughput
Group revenues crossed Rs6.7 lakh crore. Refineries posted record thruputs. Yet consolidated PAT slid to Rs38,329 crore — proof that volumes alone no longer guarantee profitability.
8OVL: Colombia and South Sudan Shine, Myanmar Suspended
International bets diverged sharply. Colombia’s CPO-5 jumped 25%, South Sudan nearly doubled. But Myanmar’s EP-3/B2 is frozen until 2025-end — geopolitical risk at play.
8CSR Bill Swells to Rs929 Cr — ESG Optics vs Earnings Pain
CSR outgo rose 46% YoY even as net profits fell. ONGC is buying ESG credibility — but investors will note the widening gap between community optics and shareholder returns.
8Debt Slides, but EBITDA Shrinks: A Tighter Squeeze Ahead
Debt/Equity improved to 0.41. Yet EBITDA plunged from Rs1.18 lakh crore to Rs1.02 lakh crore. Balance sheet looks better, but operating cash flow tells a weaker tale.
Net Zero by 2038: Lofty Pledge, Thin Roadmap
The RE roadmap promises 10 GW by 2030, net zero (Scope 1 & 2) by 2038. But with just 2.3 GW under control, questions loom over delivery discipline beyond the acquisitions. Details
This public sector company was able to prise out a record Rs 7000 crore of E&P business from ONGC
8A rare feat indeed
8But why is it behaving more like broker than builder?
Click on Details for more Details
8A rare feat indeed
8But why is it behaving more like broker than builder?
Click on Details for more Details
