Cabinet approves Rs 909 crore ONGC Videsh additional investment projects in Myanmar
ONGC Videsh Ltd. (OVL) has been associated with exploration and development of Shwe project in Myanmar since 2002.
Jun 24, 2020, 18:03 PM IST
OVL FY19 net profit jumps 71% on rise in oil production
OVL is the unlisted overseas arm of ONGC and is not obligated to report quarterly earning numbers.
May 24, 2019, 12:54 PM IST
ONGC says no demand from govt to reconsider OVL listing
ONGC Chairman and Managing Director Shashi Shanker said the company has communicated its views on the listing of OVL to the government.
Jan 03, 2019, 11:00 AM IST
Govt asks ONGC to list OVL on bourses
OVL, which is 100 percent owned by ONGC, has so far invested Rs 1.5 lakh crore (USD 28.36 billion) in 41 projects it has across 20 countries.
Aug 21, 2018, 17:08 PM IST
Sudan wants ONGC Videsh to withdraw arbitration over oil payment dues
OVL, filed an arbitration claim earlier this year against the government of Sudan in a London court seeking to recover dues pending for years from a project hit by the breakaway of South Sudan in 2011.
Aug 17, 2018, 10:50 AM IST
Haven't heard from Iran on $11 billion offer for gas field: OVL
Iran, India's third biggest oil supplier, used to give a 90-day credit period to refiners like Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) to pay for the oil they would buy from it.
Oct 09, 2017, 15:45 PM IST
ONGC Videsh completes stake buy in Namibian oil block
Without disclosing the value of the deal, OVL in a statement said it has completed acquisition of 30 percent interest in the Namibian Petroleum Exploration License (PEL) 37, covering three blocks of 2112A, 2012B and 2113B.
Oct 04, 2017, 21:26 PM IST
Shashi Shanker takes over as ONGC Chairman
During his tenure, ONGC has conceptualised an ambitious company-wide project called 'DISHA' for creation of a paperless office platform, the implementation of which is now underway.
Oct 01, 2017, 11:47 AM IST
OVL, partners renew Azeri oil field contract
Norway's Statoil will have 7.27 per cent stake (8.6 per cent previously), ExxonMobil 6.79 per cent (8 per cent), Turkey's TPAO 5.73 per cent (6.8 per cent) and Japan's ITOCHU 3.65 per cent (4.3 per cent).
Sep 18, 2017, 17:33 PM IST
India Inc's investment overseas down 15% to $1.34 billion in August
The investment break-up included USD 944.14 million in the form of guarantees issued, USD 184.44 million and loan and USD 210.68 million as equity infusion.
Sep 12, 2017, 15:50 PM IST
Sudan denies licence extension to OVL; seeks higher taxes
Sudan has denied India's ONGC Videsh Ltd an extension of licence to operate an oilfield as it sought higher royalties and taxes to make up for revenue lost due to drop in oil prices.
May 02, 2017, 15:14 PM IST
CPSE IPOs within 22 weeks of govt nod
Drawing strict timelines for listing of profitable PSUs, the government has mandated launch of initial public offer (IPO) within five-and-half months of a nod from the ministry concerned.
Feb 19, 2017, 12:08 PM IST
ONGC Videsh completes acquisition of 11% additional stake in Russian oil field Vankor
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, has completed the acquisition of additional 11 percent interest in Russia's Vankor oilfield, taking its total stake to 26 percent.
Oct 31, 2016, 16:51 PM IST
OVL to raise $900 mn bridge loan to finance Vankor buy
ONGC Videsh Ltd (OVL) will raise a bridge loan of close to USD 900 million overseas to fund acquisition of an additional 11 per cent stake in Russia's Vankor oilfield.
Oct 11, 2016, 11:51 AM IST
ONGC Videsh gets govt nod to up stake in Russian oil field for $930 mn
ONGC Videsh Ltd (OVL) Wednesday got government nod to raise its stake in Russia's second biggest oil field of Vankor by 11 percent at an investment of USD 930 million.
Oct 05, 2016, 21:32 PM IST
OVL slapped with service tax demand of Rs 6,100 crore
The Tax Department has slapped a service tax demand of over Rs 6,100 crore on the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), a move that may potentially render its investments in oil and gas fields abroad infructuous.
Sep 20, 2016, 14:03 PM IST
OVL raises $1.2-bn foreign loans to buy Russia's Vankor stake
ONGC Videsh Ltd has taken a bridge loan of USD 1.2 billion from a group of foreign banks at a highly competitive rate of about 1.3 per cent to fund its acquisition of 15 per cent stake in Russia's second biggest oil field of Vankor.
May 20, 2016, 15:29 PM IST
OVL, IOC consortium to buy Russian oil fields for $4.2 billion
ONGC Videsh Ltd (OVL) and a consortium led by Indian Oil Corp today signed agreements to buy stake in two Russian oilfields in Siberia for an estimated USD 4.2 billion (over Rs 28,253 crore)
Mar 16, 2016, 21:36 PM IST
ONGC Videsh refinances $1.78 bn loan at lower coupon rates
In a first by a public sector firm, ONGC Videsh Ltd has refinanced a USD 1.775 billion loan at lower rates to save nearly USD 37 million in interest payout, besides extending the repayment tenure.
Jan 17, 2016, 11:50 AM IST
ONGC Videsh close to winning $5-bn Farzab-B gas field rights
ONGC Videsh Ltd-led consortium is close to winning USD 5 billion rights to develop Iran's Farzad-B gas field and convert the gas produced from it into LNG for shipping to countries like India.
Dec 07, 2015, 17:45 PM IST
