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Latest news about Hindustan Oil Exploration

Hindustan Oil Exploration Reports Mixed Q2 Results Amid Production Challenges and Payment Dispute 4 days ago

Hindustan Oil Exploration Company (HOEC) reported a 285% increase in standalone revenue for Q2, reaching Rs. 321.51 crores, primarily driven by crude oil sales from the B-80 field. However, the company faced production constraints due to monsoon disruptions in B-80 and limited gas offtake in Dirok. Despite the revenue surge, HOEC experienced declines in EBITDA, operating profit, and net profit. The company is also engaged in a Rs. 259 crores payment dispute with HPCL over claims of crude oil contamination. Operating Profit Margin decreased from 40.90% to 7.22%, while the tax rate increased significantly.

Hindustan Oil Exploration Sets Ambitious 6,000 BOEPD Production Target for FY27 8 days ago

Hindustan Oil Exploration Reports Lower Q2 Production Amid B-80 Field Disruption Nov 20, 2025

Hindustan Oil Exploration's Q2 Net Profit Dives 93.5% Despite Revenue Surge Nov 17, 2025

Hindustan Oil Exploration Reports Strong Q2 Performance with Revenue of Rs 31,505 Lakhs Nov 14, 2025

More news about Hindustan Oil Exploration

10Nov 25

Hindustan Oil Exploration Company's Credit Rating Outlook Revised to Stable by India Ratings

India Ratings Research has revised Hindustan Oil Exploration Company Limited's (HOEC) credit outlook from Positive to Stable while maintaining its Long-Term Issuer Rating at IND A/Stable. The bank loan rating of Rs 500.00 crores remains at IND A/Stable/IND A1. This rating action, effective November 7, 2025, indicates HOEC's consistent credit profile and strong financial obligation servicing capability.

30Oct 25

HDFC Reduces Stake in Hindustan Oil Exploration Company to 8.75%

Housing Development Finance Corporation (HDFC) has reduced its shareholding in Hindustan Oil Exploration Company Limited from 11.21% to 8.75%. The reduction of 2.46% (32,53,517 shares) occurred through open market transactions between September 19, 2017, and July 7, 2021. HDFC's stake fell below the 10% threshold on July 6, 2021.

28Oct 25

Hindustan Oil Exploration Addresses Crude Oil Quality Concerns Raised by HPCL

Hindustan Oil Exploration Company (HOEC) has responded to Hindustan Petroleum Corporation Limited's (HPCL) concerns about high chloride content in crude oil supplied from Block B-80. HOEC supplied approximately 54.6 TMT of crude oil to HPCL on September 25, 2025, under an agreement dated September 3, 2025. HOEC states that the reported contamination is under examination and no loss or damage is attributable to them under the agreement terms. The company plans to discuss the issue with HPCL and emphasizes that previous supplies from Block B-80 had no quality issues.

17Aug 25

Hindustan Oil Exploration Reports Q1 Growth in Production Amid Mixed Financial Results

Hindustan Oil Exploration Company (HOEC) reported increased production but lower revenue in Q1. Gross production rose to 6,369 BOEPD from 5,458 BOEPD, while net production increased to 2,777 BOEPD from 2,665 BOEPD. Despite this, consolidated revenue fell to ₹78.65 crores from ₹136.15 crores year-over-year. Net profit increased to ₹43.87 crores, boosted by exceptional items. HOEC now holds 100% interest in B-80 block, plans workover and new wells. Dirok field averaged 20.22 mmscfd gas and 364 bpd condensate production. Kharsang field completed four wells, enhancing production by 350 bpd. The company signed a contract for B-15 block and is focusing on rapid development of discovered resources across India.

16Aug 25

Hindustan Oil Exploration Resumes Production at Block B-80 After Successful FSO Re-mooring

Hindustan Oil Exploration Company Limited (HOEC) has successfully restarted production at its offshore Block B-80 following the re-mooring of its Floating Storage and Offloading (FSO) vessel. Production has resumed from wells D1 and D2, which are currently undergoing stabilization. This development follows an earlier update on June 27 about ongoing operations at the block. The resumption of production at this crucial asset is expected to positively impact HOEC's overall output and financial performance.

14Aug 25

Hindustan Oil Exploration Reports Strong Q1 Results with Exceptional Gains

Hindustan Oil Exploration Company Limited (HOEC) announced robust Q1 financial results. Standalone revenue reached ₹8,348.07 crore, while consolidated revenue was ₹8,550.37 crore. The company reported an exceptional gain of ₹3,251.87 crore from remeasuring its 60% interest in Block B-80. HOEC acquired the remaining 40% stake in Block B-80, now owning 100%. Standalone EPS was ₹3.65, and consolidated EPS was ₹3.32. The company's Board approved revised policies for insider trading, related party transactions, material subsidiaries, and event disclosures to comply with SEBI regulations.

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.

28May 25

Hindustan Oil Exploration Co. Reports Mixed Q4 Results: Profit Up, Revenue Down

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.