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ONGC Videsh consortium: LNG project in Mozambique put on hold due to force majeure

ONGC Videsh consortium: LNG project in Mozambique put on hold due to force majeure

🕔18:14, 28.Apr 2021

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.

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Decade long payment default finally pushes ONGC out of Sudanese oilfield

Decade long payment default finally pushes ONGC out of Sudanese oilfield

🕔20:08, 17.Sep 2020

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

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OVL to invest additional Rs 900 cr in Shwe project in Myanamar

OVL to invest additional Rs 900 cr in Shwe project in Myanamar

🕔17:52, 24.Jun 2020

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

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ONGC led Indian Consortium to acquire 10% Stake in Lower Zakum Concession, Offshore Abu Dhabi

ONGC led Indian Consortium to acquire 10% Stake in Lower Zakum Concession, Offshore Abu Dhabi

🕔19:30, 11.Feb 2018

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

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ONGC Videsh buys 15% stake in Namibian oil block

ONGC Videsh buys 15% stake in Namibian oil block

🕔10:23, 22.Nov 2017

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

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OVL raises $930 mn loan to buy additional stake in Russian oilfield

OVL raises $930 mn loan to buy additional stake in Russian oilfield

🕔09:54, 1.Nov 2016

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

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ONGC Videsh signs MOU with SOCAR Trading

ONGC Videsh signs MOU with SOCAR Trading

🕔10:18, 1.Jun 2016

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

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ONGC Videsh to acquire 15% interest in Vankor Field

ONGC Videsh to acquire 15% interest in Vankor Field

🕔15:41, 4.Sep 2015

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

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ONGC Videsh awarded exploration permit in offshore New Zealand

ONGC Videsh awarded exploration permit in offshore New Zealand

🕔13:00, 10.Dec 2014

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

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OVL, PetroVietnam ink pact to explore blocks in Vietnam

OVL, PetroVietnam ink pact to explore blocks in Vietnam

🕔09:54, 17.Sep 2014

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

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ONGC Videsh signs Letter of Intent with PetroVietnam

ONGC Videsh signs Letter of Intent with PetroVietnam

🕔12:50, 16.Sep 2014

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 &

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India, Vietnam ramp up ties, ink seven agreements

India, Vietnam ramp up ties, ink seven agreements

🕔13:40, 15.Sep 2014

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

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ONGC Videsh signs Memorandum of Understanding with YPF S.A.

ONGC Videsh signs Memorandum of Understanding with YPF S.A.

🕔15:23, 3.Sep 2014

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

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ONGC Videsh raises USD 2.2 billion from International Markets

ONGC Videsh raises USD 2.2 billion from International Markets

🕔12:50, 9.Jul 2014

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.

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Rosneft signs MoU with OVL

Rosneft signs MoU with OVL

🕔09:35, 26.May 2014

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

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OVL Records Highest Ever Profit at US $ 740 Mln (Rs 4, 445 crore)

OVL Records Highest Ever Profit at US $ 740 Mln (Rs 4, 445 crore)

🕔10:17, 21.May 2014

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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