Oil India, TotalEnergies Join Hands For Deepwater Exploration

21 Nov 2025 CW Team

TotalEnergies will provide technological expertise for exploration across OIL’s current and upcoming offshore portfolio. This includes the ongoing appraisal of a gas discovery in shallow offshore blocks in the Andaman Basin, as well as exploration in OIL’s OALP-IX ultra-deepwater blocks in the Mahanadi and Krishna–Godavari basins.

The collaboration also covers evaluating prospects under the ongoing OALP-X and future bid rounds, along with technical support for stratigraphic well drilling in offshore Category-II and Category-III basins. Indian exploration companies have increasingly partnered with global technology providers to strengthen production capabilities and unlock deepwater and ultra-deepwater resources.

India’s largest state-owned explorer, ONGC, has also partnered with BP for exploration in the Mumbai High fields. Both OIL and ONGC are actively pursuing hydrocarbon prospects in the Andaman Sea to help reduce India’s heavy dependence on energy imports. India currently imports 88 per cent of its crude oil and 50 per cent of its natural gas.

OIL described the partnership with TotalEnergies as a major step in its offshore expansion strategy aimed at discovering new reserves and supporting a sustainable energy future for the country.

In its quarterly results, OIL reported a 28 per cent quarter-on-quarter rise in net profit to Rs 10.44 billion for the September quarter, up from Rs 8.14 billion in the previous quarter. Revenue increased 8.9 per cent to Rs 54.56 billion, compared with Rs 50.12 billion in Q1 FY26.

The company’s oil and oil-equivalent gas (O+OEG) output remained stable at 1.652 MMTOE in Q2 FY26, versus 1.674 MMTOE a year earlier. Its subsidiary, Numaligarh Refinery Ltd (NRL), recorded crude throughput of 753 TMT, up from 683 TMT in Q2 FY25, achieving a capacity utilisation rate of 100.38 per cent.

Oil India Limited (OIL), India’s second-largest oil and gas producer, has announced a strategic collaboration with France’s TotalEnergies to accelerate crude oil and natural gas exploration in the country’s deep and ultra-deepwater offshore sedimentary basins. The partnership includes support for drilling stratigraphic wells and advancing offshore discoveries. TotalEnergies will provide technological expertise for exploration across OIL’s current and upcoming offshore portfolio. This includes the ongoing appraisal of a gas discovery in shallow offshore blocks in the Andaman Basin, as well as exploration in OIL’s OALP-IX ultra-deepwater blocks in the Mahanadi and Krishna–Godavari basins. The collaboration also covers evaluating prospects under the ongoing OALP-X and future bid rounds, along with technical support for stratigraphic well drilling in offshore Category-II and Category-III basins. Indian exploration companies have increasingly partnered with global technology providers to strengthen production capabilities and unlock deepwater and ultra-deepwater resources. India’s largest state-owned explorer, ONGC, has also partnered with BP for exploration in the Mumbai High fields. Both OIL and ONGC are actively pursuing hydrocarbon prospects in the Andaman Sea to help reduce India’s heavy dependence on energy imports. India currently imports 88 per cent of its crude oil and 50 per cent of its natural gas. OIL described the partnership with TotalEnergies as a major step in its offshore expansion strategy aimed at discovering new reserves and supporting a sustainable energy future for the country. In its quarterly results, OIL reported a 28 per cent quarter-on-quarter rise in net profit to Rs 10.44 billion for the September quarter, up from Rs 8.14 billion in the previous quarter. Revenue increased 8.9 per cent to Rs 54.56 billion, compared with Rs 50.12 billion in Q1 FY26. The company’s oil and oil-equivalent gas (O+OEG) output remained stable at 1.652 MMTOE in Q2 FY26, versus 1.674 MMTOE a year earlier. Its subsidiary, Numaligarh Refinery Ltd (NRL), recorded crude throughput of 753 TMT, up from 683 TMT in Q2 FY25, achieving a capacity utilisation rate of 100.38 per cent.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Infrastructure Transport

30 May 2026

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..