Oil India, TotalEnergies Join Hands For Deepwater Exploration

25 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.

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

Infrastructure Urban

07 Aug 2026

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Infrastructure Transport

07 Aug 2026

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..