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Oil Companies in India
The ever growing needs of oil and gas in India have compelled the Indian governments to act in its favors by encouraging investors and explorations in this sector. Over the year numerous oil companies in India have contributed to this growing sector whose demands were being fulfilled by companies from abroad. The scenario changed after several Indian companies came forward and started taking up refineries or rather building one on India soil. Some of the major oil fields in Assam, Gujarat and Rajasthan got keen investors and companies that joined the race of being the best oil company in India.
Among the numerous oil companies in India, ten best ones have regularly contributed to the Indian economy with greater annual gains. The ten best oil companies in India are:
Bharat Petroleum India: Burmah Shell was taken over by the Indian Government. This then became Bharat Petroleum Corporation Limited that became a well-known name in the oil and petroleum industry with time. The company specializes markets a large number of products that are sold through Lube Shoppes, Kerosene Dealers, LPG Distributors and Petrol Stations. Since 1976 Bharat Petroleum has seen a major growth in the sector.
Essar: Essar is one of the biggest brands in India not only in oil sector but also in sectors like telecom, steel and shipping. The company came up in the year 1969. It was a joint initiative of two brothers Mr Ravi Ruia and Mr Shashi Ruia. The first business of the company saw the light in port of Chennai. The Essar Group soon spread its wings and reached out to every other profitable venture in India. The company entered the oil and gas sector after buying it first tanker in the year 1976. The company bought the tanker in Vadinar in Gujarat. Soon a power plant came up in Hazira. The company has a huge resource in the oil sector. It produces refinery products such as LPG, Aviation Turbine Fuel, high-speed diesel and kerosene oil. Essar also produces transport fuel for Euro III and Euro IV. With its high quality petroleum and Euro products, the company has acquired great fame. The company is known for its world-class products and high quality petroleum products.
Hindustan Petroleum Corporation Limited: Hindustan Petroleum Corporation Ltd is Fortune 500. The company has two main refineries. These specialize in oil and other petroleum products. One of the refineries is located in Mumbai while the other is in Vishakapatnam. Hindustan Petroleum Corporation Limited also has the biggest Lube Refinery in the country. The Lube Refinery produces Lube oils.
Aban: The ABAN Group was founded by late Mr. M.A. Abraham. The company came into being as a humble engineering company in the year 1986. Later, AOL or Aban Offshore Limited followed. This began in the year 1986 when Indian companies came forward to participate and provide offshore drilling services. This took place as an urgent requirement in the sector raised by ONGC. The company gave its drilling services to ONGC in the year 1987 for the first time.
ONGC: ONGC is one of the major players in the oil and natural gas sector of India. Over the years, ONGC has successfully brought up the upstream sector in focus and making the field a great place for investments. The company has its reserves in Assam. It also has its oil reserves in Arakan Fold Belt of Assam, East coast basins and Cambay Basin of Gujarat. The next big discovery of oil offshore was in 70’s when a huge oil field was found in Bombay High, which is now called as Mumbai High. The discoveries in Western part of India further added to the achievements of oil and gas sector of India.
Shell: Shell is the biggest international investor in oil and energy field of India. It’s a prime company that supplies oil, chemicals, technologies and products to oil organizations. The company also takes interest in bitumen and lubricants. It has a re-gasification centre and an LNG receiver. The company also has a financial business centre and a Technology centre.
Reliance Petroleum Limited: The Company is one of the largest private sector oil companies in India. It was launched in Mumbai as a part of the RIL or Reliance Industries Limited. The company mainly focuses on downstream oil. RPL functions with an alliance with Chevron India Holdings Pte Limited. Tata Petrodyne Limited: Belonging to the Tata Group, Tata Petrodyne Limited mainly concentrates on oil and natural gas. It is a cent per cent subsidiary of Tata Sons Ltd. The company came up being a subsidiary in the year 1993. TPL mainly focuses on moving the company’s profits ahead in the oil and gas industry.
Indian Oil: As a forerunner, Indian Oil is one of the best rated oil companies of India. It is one of the most profitable companies too with an annual turnover of Rs 271,074 crores in 2009-2010. Being a reno2wned commercial enterprise, it also has a strong market presence. The company is known to be a well-known reliable brand for oil. It is also known for its services and products.
HOEC: Hindustan Oil Exploration Company Limited or HOEC came up in the year 1983, taking part in E&P activities. This is the first privately owned company that came into the oil and gas sector. With Government launching the bid for private sector companies in 1991, HOEC took its first step ahead. With this, the company started functioning in the sector. The company has ventured into the oil/gas sector with its 9 projects at Assam Arakan, Cambay basin, Rajasthan basin and Cauvery basin. These are in various stages of E & P cycle.
Top Oil Companies in India:
Among the numerous oil companies in India, ten best ones have regularly contributed to the Indian economy with greater annual gains. The ten best oil companies in India are:
Bharat Petroleum India: Burmah Shell was taken over by the Indian Government. This then became Bharat Petroleum Corporation Limited that became a well-known name in the oil and petroleum industry with time. The company specializes markets a large number of products that are sold through Lube Shoppes, Kerosene Dealers, LPG Distributors and Petrol Stations. Since 1976 Bharat Petroleum has seen a major growth in the sector.
Essar: Essar is one of the biggest brands in India not only in oil sector but also in sectors like telecom, steel and shipping. The company came up in the year 1969. It was a joint initiative of two brothers Mr Ravi Ruia and Mr Shashi Ruia. The first business of the company saw the light in port of Chennai. The Essar Group soon spread its wings and reached out to every other profitable venture in India. The company entered the oil and gas sector after buying it first tanker in the year 1976. The company bought the tanker in Vadinar in Gujarat. Soon a power plant came up in Hazira. The company has a huge resource in the oil sector. It produces refinery products such as LPG, Aviation Turbine Fuel, high-speed diesel and kerosene oil. Essar also produces transport fuel for Euro III and Euro IV. With its high quality petroleum and Euro products, the company has acquired great fame. The company is known for its world-class products and high quality petroleum products.
Hindustan Petroleum Corporation Limited: Hindustan Petroleum Corporation Ltd is Fortune 500. The company has two main refineries. These specialize in oil and other petroleum products. One of the refineries is located in Mumbai while the other is in Vishakapatnam. Hindustan Petroleum Corporation Limited also has the biggest Lube Refinery in the country. The Lube Refinery produces Lube oils.
Aban: The ABAN Group was founded by late Mr. M.A. Abraham. The company came into being as a humble engineering company in the year 1986. Later, AOL or Aban Offshore Limited followed. This began in the year 1986 when Indian companies came forward to participate and provide offshore drilling services. This took place as an urgent requirement in the sector raised by ONGC. The company gave its drilling services to ONGC in the year 1987 for the first time.
ONGC: ONGC is one of the major players in the oil and natural gas sector of India. Over the years, ONGC has successfully brought up the upstream sector in focus and making the field a great place for investments. The company has its reserves in Assam. It also has its oil reserves in Arakan Fold Belt of Assam, East coast basins and Cambay Basin of Gujarat. The next big discovery of oil offshore was in 70’s when a huge oil field was found in Bombay High, which is now called as Mumbai High. The discoveries in Western part of India further added to the achievements of oil and gas sector of India.
Shell: Shell is the biggest international investor in oil and energy field of India. It’s a prime company that supplies oil, chemicals, technologies and products to oil organizations. The company also takes interest in bitumen and lubricants. It has a re-gasification centre and an LNG receiver. The company also has a financial business centre and a Technology centre.
Reliance Petroleum Limited: The Company is one of the largest private sector oil companies in India. It was launched in Mumbai as a part of the RIL or Reliance Industries Limited. The company mainly focuses on downstream oil. RPL functions with an alliance with Chevron India Holdings Pte Limited. Tata Petrodyne Limited: Belonging to the Tata Group, Tata Petrodyne Limited mainly concentrates on oil and natural gas. It is a cent per cent subsidiary of Tata Sons Ltd. The company came up being a subsidiary in the year 1993. TPL mainly focuses on moving the company’s profits ahead in the oil and gas industry.
Indian Oil: As a forerunner, Indian Oil is one of the best rated oil companies of India. It is one of the most profitable companies too with an annual turnover of Rs 271,074 crores in 2009-2010. Being a reno2wned commercial enterprise, it also has a strong market presence. The company is known to be a well-known reliable brand for oil. It is also known for its services and products.
HOEC: Hindustan Oil Exploration Company Limited or HOEC came up in the year 1983, taking part in E&P activities. This is the first privately owned company that came into the oil and gas sector. With Government launching the bid for private sector companies in 1991, HOEC took its first step ahead. With this, the company started functioning in the sector. The company has ventured into the oil/gas sector with its 9 projects at Assam Arakan, Cambay basin, Rajasthan basin and Cauvery basin. These are in various stages of E & P cycle.
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