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 Energy

05 May 2026

TEXMiN Joins NITI Aayog Mining Policy Dialogue

TEXMiN IIT (ISM) Dhanbad participated in a high-level policy dialogue hosted by NITI Aayog on the future of India’s mining and critical minerals sector.The discussion brought together senior policymakers, including Vijay Kumar Saraswat and Suman K Bery, along with select deep-tech startups such as DeepMatrix and Bidaal. The dialogue focused on advancing Mining 4.0, strengthening critical mineral security, and enabling a technology-driven mining ecosystem.TEXMiN highlighted the sector’s transition towards data-driven and autonomous operations, emphasising the need to integrate technologies ..

Resources

05 May 2026

Humanscale Hyderabad Showroom Expands India Presence

Humanscale has opened a 2,300 sq ft showroom and ergonomic experience centre in Hyderabad, strengthening its design footprint in India and expanding its presence in key urban markets.Located in Banjara Hills, the centre showcases a range of ergonomic workplace solutions including task chairs, height-adjustable desks, monitor arms and integrated workstation systems. The facility is an experiential space where architects, designers, and corporate clients can engage with workplace solutions in real-world settings.The centre has been established through Humanscale’s India manufacturing and distr..

Real Estate

05 May 2026

Sundaram Home Finance Reports FY26 Growth

Sundaram Home Finance reported a 15 per cent increase in net profit for FY26 to Rs 2.82 billion, compared to Rs 2.45 billion in the previous year, supported by steady growth in disbursements and expansion of its emerging business segment.Disbursements rose 5 per cent year-on-year to Rs 68.42 billion, while assets under management (AUM) grew 14 per cent to Rs 199.09 billion as of March 31, 2026.The company’s emerging business segment—comprising affordable housing finance and small-ticket loans—crossed the Rs 5.0 billion disbursement milestone, reaching Rs 5.9 billion in FY26, up from Rs 2..