Hindustan Oil Exploration Reports Q1 Growth in Production Amid Mixed Financial Results Aug 17, 2025
Hindustan Oil Exploration Resumes Production at Block B-80 After Successful FSO Re-mooring Aug 16, 2025
Hindustan Oil Exploration Reports Strong Q1 Results with Exceptional Gains Aug 14, 2025
More news about Hindustan Oil Exploration
27Jun 25
Hindustan Oil Exploration Co Suspends Production in Block B-80 Amid Adverse Weather
Hindustan Oil Exploration Co (HOEC) has temporarily halted production in Block B-80 due to challenging weather conditions. As a safety measure, the company has de-moored its Floating Storage and Offloading (FSO) unit. The duration of the suspension is not specified and will likely continue until weather conditions improve. This decision highlights HOEC's commitment to safety and risk management in offshore operations.
Hindustan Oil Exploration Co. (HOEC) released Q4 financial results showing a mixed performance. Net profit increased by 18.24% to ₹512.00 crore, despite a 61.79% drop in revenue to ₹596.00 crore. EBITDA fell by 93.51% to ₹48.00 crore, with the EBITDA margin compressing from 47.44% to 8.05%. The contrasting movements in financial indicators suggest potential cost-cutting measures or one-time gains contributing to bottom-line growth amid significant operational challenges.
16Apr 25
Hindustan Oil Exploration Company Secures Offshore Block in Mumbai, Shares Surge
Hindustan Oil Exploration Company Limited (HOEC) has been awarded a new contract for block MB/OSDSF/B15/2024 in the Mumbai offshore region, spanning 332.40 square kilometers. The block includes two existing discoveries with significant oil and gas production potential. This expansion complements HOEC's existing operations in the area, increasing their total acreage to over 800 square kilometers. The company plans to develop existing discoveries and explore new drilling opportunities.
04Apr 25
Hindustan Oil Exploration Company to Acquire Full Control of Block B-80
Hindustan Oil Exploration Company (HOEC) plans to increase its participating interest in Block B-80 to 100% by acquiring the remaining 40% stake from Adbhoot Estates Private Limited. This acquisition, subject to government approval, will give HOEC full control of the asset, potentially enhancing its resource base and operational flexibility in the oil exploration sector.
03Apr 25
Hindustan Oil Exploration Company to Acquire Full Ownership of Block B-80
Hindustan Oil Exploration Company Limited (HOEC) plans to increase its participating interest in Block B-80 to 100% by acquiring the remaining 40% stake from Adbhoot Estates Private Limited. The transaction is subject to approval from the Government of India, for which HOEC is submitting an application. This move will give HOEC full operational control over the block, potentially leading to increased profits and streamlined decision-making.