OVL, partners agree to invest $20 bn in Mozambique LNG project
The project will initially consist of two LNG trains with a total nameplate capacity of 12.88 million tonnes per annum. Feedgas will come from the Golfinho/Atum field in Offshore Area 1.
Jun 20, 2019, 10:39 AM IST
ONGC Board to consider OVL listing but IPO ruled out in near future
The Oil and Natural Gas Corp (ONGC) board is meeting on December 20 and 21 to consider among other things a share buyback.
Dec 20, 2018, 11:40 AM IST
ONGC sells Nov Sokol crude at highest premium in 2017
The 700,000-barrel cargo was sold to Vitol at a premium of $4.50 a barrel above Dubai quotes.
Sep 22, 2017, 09:53 AM IST
India-Vietnam discuss China's aggressive posturing in Asia
After the meeting with Swaraj, the MEA issued a statement saying both sides reiterated their support for peace, stability, security, safety, freedom of navigation and over flight.
Jul 06, 2017, 18:48 PM IST
Government clears ONG's extra 11% stake buy in Russia's Vankor fields
The cabinet has approved ONGC Videsh`s purchase of an additional 11 percent stake in Russia`s Vankor oil fields from Rosneft for $930 million, raising the Indian firm`s stake in the project to 26 percent, a government statement said.
Oct 05, 2016, 12:53 PM IST
ONGC Videsh to acquire 11% additional interest in East Siberia's Vankor Field
ONGC Videsh (and its wholly owned subsidiary ONGC Videsh Vankorneft Pte. Ltd., Singapore - OVVL) jointly signed definitive agreements with Rosneft, the national oil company of Russia for acquiring additional 11 percent shares in JSC Vankorneft, a company organised under the law of Russian Federation which is the owner of Vankor Field and North Vankor license.
Sep 15, 2016, 14:41 PM IST
India links $20 billion investment in Tehran to favourable terms
Stepping up its energy ties with Iran, India has lined up USD 20 billion as investment in oil and gas as well as petrochemical and fertiliser projects in the Persian Gulf country subject to provision of concessional rights
Apr 10, 2016, 17:53 PM IST
Profit making PSUs may be asked to submit IPO plans to govt
Profit-making unlisted PSUs and their subsidiaries may have to submit listing plans while signing annual performance pacts with the government, a move aimed at helping the Centre garner resources and unlocking the value of many state-owned firms.
Aug 09, 2015, 11:58 AM IST
ONGC Videsh gets parent backing for spending allowance hike
State-owned Oil and Natural Gas Corporation (ONGC) today said it supports its overseas investment arm's move to seek increase in spending allowance and sees more acquisition opportunities abroad.
Jun 19, 2015, 00:01 AM IST
OVL qualified along with Chevron, Exxon for Mexico bid round
ONGC Videsh Ltd is among the 19 companies and seven groups to have pre-qualified to bid for Mexico's maiden offshore oil blocks auction.
May 31, 2015, 12:42 PM IST
India eyes listing of ONGC's overseas investment arm: Source
The government wants to list ONGC Videsh, the overseas arm of top oil explorer Oil and Natural Gas Corp , a company executive said.
May 28, 2015, 17:57 PM IST
ONGC's stake buy in Mozambique saw seller reap $1.5 bn profit
State-owned Oil and Natural Gas Corp's (ONGC) acquisition of 10 percent stake in a giant Mozambique gas field had helped the seller make a neat profit of USD 1.5 billion or over 62 percent of the purchase price.
Apr 12, 2015, 13:12 PM IST
ONGC eyes Mexican oil and gas blocks
The company is pitched against the US majors ExxonMobile and Chevron, Anglo-Dutch firm Shell as well as national oil companies and Mexican players for 14 shallow water exploration blocks in the country's southern region.
Apr 05, 2015, 10:44 AM IST
Oil diplomacy: Pradhan to visit Mozambique next month
Oil Minister Dharmendra Pradhan is likely to visit Mozambique next month to press the African nation to quickly ratify a law that will help Indian firms proceed with multi-billion dollar gas project.
Mar 17, 2015, 16:52 PM IST
Chevron and ONGC Videsh join New Zealand oil, gas search
New Zealand awarded 15 oil and gas exploration licences on Tuesday, with U.S. giant Chevron and India`s ONGC Videsh joining the hunt in the South Pacific country for the first time.
Dec 09, 2014, 12:19 PM IST
Russia's Rosneft offers OVL stake in Vankor oilfield
Rosneft has made a formal offer to sell 10 percent stake in the strategic oilfield in Siberia to ONGC Videsh Ltd, the overseas arm of the state-owned explorer.
Oct 05, 2014, 13:06 PM IST
ONGC Videsh most internationalised Indian company: Survey
The firm has topped the list of 20 most internationalised Indian companies, prepared by Indian School of Business (ISB).
Aug 05, 2014, 15:53 PM IST
ONGC makes largest overseas bond sale; raises $2.2 bn
The issue involved USD 1.5 billion of dollar money and 525 million in euros (USD 714 million at current exchange rate), merchant bankers said.
Jul 08, 2014, 17:16 PM IST
