Considering the evolution of the security situation in the north of the Cabo Delgado province in Mozambique, the Area 1 Operator Total E&P Mozambique Area 1 Limitada informed the withdrawal of all Mozambique LNG project personnel from the Afungi site.
New Delhi, Sep 17 After facing years of payment default, the country’s largest oil and gas explorer Oil and Natural Gas Corporation has finally exited from Sudanese oilfields, relieving itself of yet another toxic overseas asset. Company sources said that
New Delhi, June 24 Giving a push to infrastructure development across sectors, the government on Wednesday approved a proposal for additional investment to be made by ONGC Videsh Ltd (OVL) in the development of an oil and gas project in
An Indian Consortium led by ONGC Videsh, wholly owned subsidiary and overseas arm of Oil and Natural Gas Corporation Limited (ONGC), BPRL & IOCL signed a pact for acquisition of 10% participating interest in the ADNOC Group owned offshore Lower
New Delhi, Nov 22 State-run explorer Oil and Natural Gas Corp (ONGC)’s overseas arm ONGC Videsh Ltd (OVL) on Tuesday said it has acquired 15 per cent stake from UK’s Tullow Oil in an oil block in Namibia. “This is
New Delhi, Nov 1 State-run explorer ONGC Videsh Ltd. (OVL) has raised $930 million from overseas lenders to pay for its purchase of additional 11 per cent stake in Russia’s Vankor oilfield, the Oil and Natural Gas Corp’s (ONGC) overseas
ONGC Videsh Limited and SOCAR Trading SA signed an MoU on 27th of May 2016 at Geneva. The Objective of MoU is to explore possibilities of Joint Marketing of ONGC Videsh’s crude oil portfolio by leveraging SOCAR Trading’s experience in oil
ONGC Videsh Limited signed definitive agreements to acquire up to 15% shares in CSJC Vankorneft, a company organized under the law of Russian Federation which is the owner of Vankor Field and NorthVankor license. Rosneft Oil Company, NOC of Russia
ONGC Videsh Ltd has won an Exploration Block- 14TAR-R1 in New Zealand in the Bidding Round Block Offer-2014 by the Government of New Zealand. The bidding round was launched in April 2014 offering five offshore and three onshore release areas
New Delhi, Sep 17 The foreign arm of state-run explorer Oil and Natural Gas Corp, ONGC Videsh (OVL) Tuesday said it has signed a Letter of Intent (LoI) with PetroVietnam to explore oil and gas in offshore Vietnam. The LoI
New Delhi, Sept 16 : ONGC Videsh Limited (ONGC Videsh) and PetroVietnam, the major oil producing state owned company of Vietnam have signed a Letter of Intent (LOI) on 15th September 2014 to participate in the exploration of oil &
Hanoi, Sep 15 Signalling their intent to move closer in various spheres, India and Vietnam Monday signed seven agreements, including one for direct flights between their capitals, for scouting for oil, and an extended line of credit for purchase of
New Delhi, Sept 03 : ONGC Videsh Limited (ONGC Videsh) and YPF S.A., the major oil producing company of Argentina have entered into a Memorandum of Understanding (MOU) on 1st September 2014 to cooperate in the hydrocarbon sector. Under the
New Delhi, July 09 : ONGC Videsh Limited (ONGC Videsh), the wholly-owned subsidiary of ONGC announced that it has priced US$ 1.5Billion and Euro 525 million unsecured bonds in the international capital markets (Bonds). These Bonds are guaranteed by ONGC.
Igor Sechin, President and Chairman of the Management Board, Rosneft and Dinesh Kumar Sarraf, Chairman of the Board of Directors, ONGC Videsh Ltd and Chairman & Managing Director, ONGC signed a Memorandum of Understanding at the St. Petersburg International Economic
BY TN Ashok / Economic Affairs Editor New Delhi, May 21 : ONGC Videsh Ltd (OVL) , the external arm of the state owned ONGC, has earned the highest-ever profit of 4,445 Crore (US $ 740.08 Million) , an increase
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