OVL chasing foreign govts to clear its $712 mn of dues
From Venezuela to Sudan, ONGC Videsh Ltd, India's flagship overseas oil investment firm, is chasing foreign governments to get its USD 712 million (over Rs 4,700 crore) of dues cleared.
Sep 20, 2015, 12:31 PM IST
ONGC Videsh submits $10 bn proposal to Iran for Farzad-B gas field
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, has submitted a USD 10 billion integrated proposal to Iran for developing the Farzad-B gas field in the Persian Gulf and shipping the gas to India.
Sep 15, 2015, 19:41 PM IST
OVL reaps Rs 700-cr gain on Euro bonds issue
ONGC Videsh Ltd, the overseas arm of state explorer Oil and Natural Gas Corp (ONGC), has made a gain of about Rs 700 crore on a Euro loan it had raised to finance its Mozambique acquisition.
Sep 06, 2015, 12:50 PM IST
OVL seeks exploration licence extension for Vietnam oil block
OVL has applied to the Vietnamese authorities for a third extension of the exploration licence for Block 128 to maintain India's strategic interest in the South China Sea, a company official said.
Aug 25, 2015, 17:59 PM IST
OVL shortlisted for Mexican oil bid round
According to Mexico's National Hydrocarbons Commission, 14 bidders have been pre-qualified for the second phase of the Round One tender, the country's first licensing round in 88 years.
Aug 23, 2015, 12:27 PM IST
OVL not to exit Vietnam block despite poor prospectivity
OVL has decided to seek a third extension of exploration licence for Block 128 to maintain India's strategic interest in the South China Sea, a top official said.
Jul 12, 2015, 12:26 PM IST
PM launches OVL oil block project in Kazakhstan
Prime Minister Narendra Modi today launched maiden drilling by ONGC Videsh Ltd in the Satpayev oil block of Kazakhstan where the Indian firm is investing USD 400 million.
Jul 07, 2015, 21:03 PM IST
ONGC Videsh posts 57% drop in net profit at Rs 1,904 cr in FY15
ONGC Videsh Ltd, the overseas arm of state explorer Oil and Natural Gas Corp (ONGC), Monday reported a 57.16 percent fall in its net profit at Rs 1,904 crore in FY 2014-15, mainly due to lower oil prices.
May 25, 2015, 21:39 PM IST
ONGC, its partners developing LNG terminal in Mozambique
In a step towards start of gas production from its giant Mozambique gas fields, state-owned ONGC and its partners have awarded contract for development of an onshore LNG terminal.
May 18, 2015, 18:31 PM IST
OVL in talks to acquire stake in 2 Siberian oilfields
While the Minister did not name the fields, sources said OVL was in talks for a stake in Vankor and Yurubcheno-Tokhomskoye fields.
Mar 11, 2015, 15:53 PM IST
OVL wants to dip into RIL payments to clear Venezuelean dues
OVL, the overseas investment arm of state-run explorer Oil and Natural Gas Corp (ONGC), holds 40 per cent stake in the San Cristobal oil project in Venezuela.
Dec 17, 2014, 15:17 PM IST
ONGC Videsh wins oil block in New Zealand
ONGC Videsh Ltd, the overseas investment arm of India's biggest energy explorer, has won an offshore oil and gas block in New Zealand, the first domestic firm in this sector to have made it in that country.
Dec 09, 2014, 19:14 PM IST
PESB invites fresh applications for Oil India top post
Government headhunters PESB has invited fresh applications for the top job at Oil India Ltd after it found none of previous six applicants, including the firm's Director (Finance) R S Borah, suitable.
Dec 09, 2014, 16:56 PM IST
ONGC lines up USD 3 bn investment in Mozambique
While the Mozambique cabinet has approved the decree law, it is awaiting Parliament nod, sources said.
Nov 28, 2014, 18:32 PM IST
OVL profit rises 9.6% to Rs 2,068 cr in Apr-Sept
ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), Wednesday reported a 9.6 percent rise net profit on the back of surge in oil and gas output.
Nov 12, 2014, 21:10 PM IST
Iran puts ONGC discovered gas field on auction list
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, had in 2008 discovered the Farzad-B gas field in its Farsi exploration block in the Persian Gulf.
Sep 24, 2014, 15:51 PM IST
OVL to expand oil and gas exploration in offshore Vietnam
ONGC Videsh Ltd, the overseas arm of state-run explorer Oil and Natural Gas Corp (ONGC), has signed an agreement to expand its oil and gas exploration in offshore Vietnam.
Sep 16, 2014, 16:38 PM IST
Narendra Kumar Verma takes over as Managing Director of OVL
Narendra Kumar Verma has taken over as the Managing Director of ONGC Videsh Ltd, the overseas investment arm of state-run explorer Oil and Natural Gas Corp (ONGC).
Aug 27, 2014, 19:40 PM IST
