Oil India Share Price in Focus; Signs Collaboration Framework with Canada's PTRC For Clean Energy Research

Oil India Limited (OIL) has announced the signing of a collaboration framework with the Petroleum Technology Research Centre (PTRC), Canada. 

The agreement was signed on the sidelines of the Global Energy Show 2026 held in Calgary and focuses on cooperation in areas related to energy transition, sustainability, and clean energy technologies.  

Oil India Partners with Canada's PTRC 

PTRC is a not-for-profit energy research organization based in Saskatchewan, Canada, while Oil India is a Maharatna CPSE under the Ministry of Petroleum and Natural Gas. 

The collaboration aims to strengthen cooperation between the two organizations in addressing energy transition challenges and advancing sustainable energy solutions.  

Focus On Carbon Capture and Storage Technologies 

One of the key areas of cooperation includes carbon capture, utilization and storage (CCUS). 

The collaboration will explore opportunities related to the utilisation of captured carbon dioxide, including permanent storage through geological sequestration and mineralisation in geological formations.  

Geothermal And Enhanced Oil Recovery Projects Included 

The framework also covers the identification and evaluation of potential geothermal projects of mutual interest. 

In addition, both organizations will explore innovative enhanced oil recovery (EOR) methods aimed at reducing the environmental impact and energy intensity of oil and gas production.  

Collaboration to Support Research and Innovation 

Oil India and PTRC will undertake joint research through PTRC's Energy Innovation Hub and collaborate on projects involving subsurface energy production and storage. 

The agreement also includes research cooperation with mc2+, a startup platform established under the Ministry of Petroleum and Natural Gas.  

Read More: Oil India Share Price in Focus; PAT Jumps 62% in Q4 FY26 Results, Final Dividend Announced! 

Oil India Share Price Performance 

As of 12 June 2026, at 11:15 AM, Oil India share price was trading at ₹417.85 per share, reflecting a decline of 2.68% from the previous closing price. 

Conclusion 

With the signing of the collaboration framework, Oil India and PTRC have formalised cooperation across carbon capture, geothermal energy, enhanced oil recovery, clean energy technologies, and research initiatives related to energy transition and sustainability.  

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