No, they are not. Although they come from the same hemp plant, the hemp seed oil is made from processing the hemp seeds into an omega-balance, antioxidant-rich oil, while the CBD oil is made from the leaves, stalks, and flowers of the hemp plant.
The hemp seed oil is best known for treating a variety of skin conditions including inflammation, and skin disorders such as acne or eczema. It also has antibacterial, anti-inflammatory, antioxidant, anticancer and anti-aging effects.
On the other hand, the CBD oil is allegedly used for alleviating pain and inflammation, epilepsy, anxiety and depression, and neurodegenerative conditions though additional research is necessary.