Hindustan Oil Exploration temporarily halts production at B-80 block due to adverse weather

The company has safely de-moored its Floating Storage Offshore (FSO) unit from the Single Point Mooring (SPM) and anchored it at a secure location for over a week. While minimal losses are expected, production will remain halted until weather conditions improve. Shares of Hindustan Oil Exploration Company Ltd ended at ₹170.00, down by ₹0.80, or 0.47%, on the BSE.

from Business News in CNBCTV18, Business Latest News, Business News https://ift.tt/1DAywMs

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