Ongc Videsh Ltd

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), in 2008 had discovered a giant gas field in the 3,500 square kilometer Farsi offshore block.

ONGC sells Russia's Sokol oil to BPCL, HPCL: Report

ONGC Videsh, the overseas investment arm of Oil and Natural Gas Corp ONGC.NS, has a stake in Russia's Sakhalin-1 project and sells its share of the oil from the project through tenders.

OVL, partners relinquish Israeli oil block

The consortium of OVL, Indian Oil Corp (IOC), Oil India Ltd and Bharat PetroResources Ltd (BRPL) has relinquished offshore Block-32, two officials with the partners said.

India loses ONGC Videsh Ltd-discovered Farzad-B gas field in Iran

The field holds 23 trillion cubic feet of in-place gas reserves, of which about 60 percent is recoverable.

ONGC Videsh Ltd, partners agree to invest $20 billion 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.

ONGC Videsh Ltd drops plan to build LNG export facility in Iran

The company has now agreed to do just the upstream field development part, leaving the marketing of the fuel to Iran.

OVL buys 15% stake in Namibian oil block

The 15 per cent participating interest in Namibia Petroleum Exploration License (PEL) 30, covering Block 2012A from Tullow Oil of UK, is OVL's second acquisition in the African nation in as many months.

OVL shortlisted for oil, gas field auction in Mexico

Mexico is offering 15 shallow-water exploration blocks in the second round of hydrocarbon auction, called round 2.1. These blocks cover a combined area of 8,908 sq km and hold prospective resources of 4 billion barrels of oil and oil equivalent gas.

OVL swings into black, logs Rs 701 cr net profit in FY17

ONGC Videsh Ltd today reported a consolidated net profit of Rs 701 crore for the fiscal ended March 31, helped by a rise in oil and gas production.

Sudan denies licence extension to OVL; seeks higher taxes

The licence for Block 2B expired last November and an automatic 5-year extension is available but Sudan, whose revenues have been hit with a drop in oil prices, wanted higher taxes and royalties before it agreed to the same, officials said.

ONGC exploring swap deals to import gas from Myanmar

The unit, ONGC Videsh Ltd, and two other state companies, GAIL and Engineers India Ltd, first discussed the idea with Gazprom a few months ago, said Narendra K. Verma, ONGC Videsh's managing director.

Venezuela to supply oil to India in lieu of $537 mn dues

Venezuela has agreed to supply crude oil to India on a monthly basis over a two-year period to repay USD 537 million it owes to ONGC Videsh Ltd.

India, Iran aim to wrap up Farzad B gas field deal by March

A consortium headed by ONGC Videsh Ltd (OVL), the overseas investment arm of Indian explorer Oil and Natural Gas Corp, discovered the Farzad B gas field in the Farsi offshore block in 2008.

Indian consortium eyes stake in Russian Arctic oilfield

OIL, Indian Oil Corp (IOC) and Bharat PetroResources Ltd (a unit of Bharat Petroleum Corp Ltd or BPCL) is looking at buying a stake in Suzunskoye, Tagulskoye and Lodochnoye fields - collectively known as Vankor Culster, sources privy to the development said.

OVL gets govt nod to up stake in Russian oil field for $930 mn

OVL, which had previously bought 15 percent stake in Vankor from Russian national oil firm Rosneft for USD 1.268 billion, will get additional 3.2 million tons of oil equivalent on top of 4.11 million tons secured earlier.

ONGC Videsh slapped with service tax demand of Rs 6,100 cr

ONGC Videsh Ltd (OVL) has stakes in 37 oil and gas projects in 17 countries around the world. These stakes are held through subsidiaries, branches and joint ventures. For operations of these projects, those units and joint ventures would raise a demand for money on the parent, OVL, which would transmit the investments.

OVL eyes up to $1.1 bn through dollar bonds for Vankor deal

ONGC Videsh is looking to raise $500 million to $1.1 billion through a US dollar bonds issue to funds its acquisition of 15 percent stake in Russia's Vankor oilfield.

Here are SP Tulsian's top trading ideas

In an interview to CNBC-TV18's Anuj Singhal and Sonia Shenoy, SP Tulsian of sptulsian.com shared his reading and outlook on the market and also gave recommendations on various stocks.

Ruias plan to sell another 25% stake in Essar Oil

The sale of 74 percent stake (49 percent to Rosneft and 25 percent some other investor) will help bring down Group debt by half to about Rs 46,000 crore from current Rs 88,000 crore, sources said.

Led by ONGC Videsh, India oil cos mull buying stake in Rosneft

Indian oil firms led by ONGC Videsh Ltd are mulling buying a part of the USD 11 billion stake that Russia is selling in its biggest oil firm Rosneft, Petroleum Minister Dharmendra Pradhan said on June 23

OVL completes $1.3 bn stake acquisition in Russian field

ONGC Videsh Ltd announced completion of acquisition of 15 percent stake in Russia's second biggest oil field of Vankor from Rosneft for USD 1.268 billion, its fourth biggest acquisition

Iran visit to 'positively impact' Indo-Iran ties: PM Modi

During the visit, the two countries signed 12 agreements including a "milestone" pact on developing the strategic Chabahar port and pledged to combat terrorism and radicalism.

India, Iran ask states to reject use of terror against others

The assertion by the two countries was made after wide-ranging talks between Prime Minister Narendra Modi and Iranian President Hassan Rouhani with the two sides issuing a joint statement in which they vowed to deepen economic ties in areas of energy, infrastructure, connectivity and investment.

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 percent to fund its acquisition of 15 percent stake in Russia's second biggest oil field of Vankor

OVL gets Russian govt nod for $1.268 bn Vankor deal

Russian government has approved ONGC Videsh Ltd's deal to buy 15 percent in the country's second biggest oil field of Vankor from Rosneft for $1.268 billion.