Essar Oil Limited News and Updates

Keep track of all breaking news on Essar Oil Limited from all sources in a single place.

14 Apr 2025

Prashant Janaswamy appointed as Chief Information Officer of Essar Energy

Business Standard

Essar Energy Transition's EET Fuels on Monday said it has appointed Prashant Janaswamy as its Chief Information Officer. Prashant will lead the development and implementation of EET Fuels' digital transformation strategy, with an aim to modernise the company's technology infrastructure and enhance data-driven decision-making, a company statement said. According to the statement, Essar Energy Transition's EET Fuels (the trading name of Essar Oil (UK)) announced the appointment of Janaswamy as Chief Information Officer. His expertise includes digital transformation, technology modernisation, and data-driven decision-making. He brings over 25 years of global experience across the UK, the US, India, and the Middle East, having held senior roles such as CIO, CTO, and Chief Data and Automation Officer at leading companies in the energy, oil and gas, and manufacturing sectors. EET Fuels CEO Deepak Maheshwari said, "Prashant's appointment demonstrates our commitment to leveraging cutting-

Essar Oil Limited

14 Jan 2025

EET Fuels secures $350 million funding for decarbonisation plans

Business Standard

EET Fuel, the trading name of Essar Oil (UK) Ltd, on Tuesday announced securing USD 350 million finance as investors reposed confidence in its decarbonisation strategy and market positioning. The firm secured USD 350 million through a combination of new financing by African Export-Import Bank (Afreximbank) and upsizing extension of existing crude facility, it said in a statement. EET Fuels, which owns and operates the UK's Stanlow refinery, is investing USD 1.2 billion over the next five years to decarbonise its operations and targeting a 95 per cent cut in emissions by 2030 through energy efficiency, carbon capture and fuel switching. The new facilities secured are USD 150 million from Afreximbank - the Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade - and upsizing of the previously reported USD 300 million trade credit financing facility with an international oil company to USD 500 million. "The company has agreed USD 3

Essar Oil Limited

10 Sep 2024

NCLAT halts insolvency process against Essar Oil and Gas Exploration

Business Standard

Essar Oil said it had made the final payment prior to the insolvency petition's admission. It said it reported a turnover of Rs 800 crore and had 425 employees

NCLAT Stays Essar Oil and Gas Exploration Insolvency

NDTV Profit | 10 Sep 2024

Essar Oil Limited

08 Feb 2024

Essar To Speed Up CBM Plans; To raise Output To 5 mmscmd In 3-4 Years

NDTV Profit

Essar Oil and Gas Exploration & Production Ltd plans to raise gas output at its flagship block to 5 mmscmd in 3-4 years.

Essar Oil Limited

26 Jan 2024

Essar Oil UK rebrands as EET Fuels

Business Line

Essar Oil UK owns the Stanlow refinery in the UK and is developing low-carbon energy transition projects

Essar Oil UK Rebrands As EET Fuels

NDTV Profit | 26 Jan 2024

Essar Oil Limited

31 Jul 2023

Essar Oil Gas plans to consolidate its position in Ranigunj CBM block

Moneycontrol

The company had already invested around Rs 5,000 crore in exploration and commercial development of the Ranigunj CBM block where nearly 350 wells have been commissioned.

Essar Oil Gas posts record Rs 335 crore net profit in FY23

Moneycontrol | 31 Jul 2023

Essar Oil Limited

10 Jul 2023

Essar Oil UK inks fuel distribution pact with Oikos Storage

livemint

Under the agreement, Essar will store and distribute middle distillate fuels at Oikos' Canvey Island facility to serve the Thames region

Essar Oil Limited

25 May 2023

Essar Oil partners Sensia for digitalisation of oil, gas field operations

Business Standard

Essar Oil and Gas Exploration and Production Ltd (EOGEPL), India's leading pioneering unconventional hydrocarbon player, on Thursday announced its collaboration with Sensia for the digitalisation of oil and gas field operations to enhance operational efficiencies. "This strategic partnership aims to unify measurement systems, optimise decision-making and enable remote control of critical parameters across EOGEPL's wells, facilities and customer interface," it said in a statement. EOGEPL, which produces gas from coal seams (called coal-bed methane), will deploy Sensia's Avalon digital platform interface. "Sensia's Avalon platform offers a comprehensive interface that simplifies the capture, analysis and digitisation of well-related activities, facility-related activities and customer end operations," it said. The platform enables real-time data acquisition of essential parameters, such as mechanical, electrical, gas and water flow, pressure, and power backup device data, among other

Essar Oil and Gas partners with Sensia for digitalisation of oil, gas field ops

Business Line | 25 May 2023 1 more

Essar Oil Limited

08 May 2023

Essar Oil & Gas invests in Microbial eCBM tech to boost coal bed methane output

livemint

The feasibility study has been completed, with research and development ongoing for full-field application.

Essar Oil & Gas invests in microbial eCBM technology to boost CBM output

Business Standard | 08 May 2023 1 more

Essar Oil Limited

26 Apr 2023

Essar to invest Rs 2,000 cr in Bengal's Raniganj brownfield CBM project

Business Standard

Essar Oil and Gas Exploration and Production Ltd (EOGEPL) will invest another Rs 2,000 crore in the next 18 to 24 months in its coal bed methane project in West Bengal's Raniganj, an official said. The company earlier had already invested Rs 5,000 crore in the Raniganj block in drilling 350 wells and producing nearly 0.9 million metric standard cubic metres (mmscd) of gas per day. Chief executive officer (CEO) of EOGEPL, Pankaj Kalra, told PTI that another investment of Rs 2,000 crore will be made for drilling 200 more wells in the next 18 to 24 months. "We are employing the latest technology in the existing wells to ramp up production from 0.9 mmscd to 1.3 mmscd which will be completed in a few months ", Kalra said. Total CBM production from Ranigunj will touch around three mmscd when the additional wells become operational, Kalra added. He said the company is currently contributing nearly 65 per cent to the country's total CBM production, which is likely to go up to 90 per cen

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