ONGC Videsh

ONGC considers oil as an option to recover $600 million from the Venezuelan dividend

03 Jan 2024

ONGC Videsh, the overseas investment arm of India’s Oil and Natural Gas Corp., is actively considering alternatives, including the allocation of oil by Venezuela’s state oil company, PdVSA, to reclaim its outstanding $600 million dividend.

ONGC Videsh, partners to invest $20bn in Mozambique LNG project

20 Jun 2019

ONGC Videsh holds a 16 per cent stake in the Mozambique Rovuma Area-1 Offshore Project, while Bharat PetroResources Ltd the investment arm of Bharat Petroleum Corporation Ltd, and Oil India Ltd also hold stakes in the project

OVL reports second consecutive oil discovery in Colombia oil block

07 Jan 2019

Govt wants ONGC to list OVL on bourses to unlock value

23 Aug 2018

ONGC-led group buys 10% stake in Abu Dhabi oilfield for $600 mn

12 Feb 2018

The investment by ONGC follows ADNOC signing a deal last year to store about 6 million barrels of oil at India’s Mangalore storage site, signalling increased cooperation in oil sector investments by India and the UAE

Consortium led by ONGC to get 10% stake in Abu Dhabi oil field

10 Feb 2018

A consortium led by India’s Oil and Natural Gas Corp will sign a contract today to acquire a stake in the offshore oil concession of state-owned Abu Dhabi National Oil Company

ONGC arm buys 15% stake in Namibia offshore block from Tullow

21 Nov 2017

Venezuela offering higher oil field stake to ONGC: report

08 Jul 2017

Cabinet approves ONGC raising stake by 11% in Russia's Vankor oil field for $930 mn

05 Oct 2016

The approval comes a year after ONGC Videsh acquired a 15-per cent stake in the Vankor oil field from Rosneft, for about $1.35 billion   

ONGC Videsh plans oil trading JV with Azerbaijan's SOCAR: report

30 May 2016

India’s oil PSUs to acquire 49.9% in Russia’s Vankor oil cluster

16 Mar 2016

OVL, IOC, Oil India, BPRL in talks to buy 35% in Russia's Vankor oil field for $2.9 bn

11 Mar 2016

Low oil prices put ONGC Videsh in a bind

28 Jan 2016

ONGC Videsh picks up stake in Russian oil fields

26 Dec 2015

ONGC gets cabinet nod for conversion of Rs5,000-cr loan to OVL into equity

23 Dec 2015

ONGC buys 15% in Russia's Vankor oil field for Rs8,933 crore

04 Sep 2015

The acquisition of the Vankor stake, Russia's second-largest oil field, will give OVL about 3.5 million tonnes of oil a year

ONGC Videsh may bid for Iran’s Farzad gas field under new deal

20 Jul 2015

ONGC Videsh seeks freedom to decide on investments of up to $1 bn

17 Jun 2015

The board of OVL currently has powers to decide on investment of up to Rs300 crore while a Navratna PSU gets to decide on investment projects of up to Rs3,000 crore

ONGC puts in bid as Mexico opens up oil exploration

06 Apr 2015

ONGC eyes stake in Tullow Oil's African assets

06 Nov 2014

A successful deal, if it finally materialises, would come four years after ONGC lost out to CNOOC, China's third-largest oil company, in acquiring a 50-per cent interest in Tullow Oil’s oil fields in Uganda

ONGC raises $2.2 bn in India’s largest overseas bond sale

09 Jul 2014

The bonds saw a large geographic spread, from fund managers, banks, insurance and pension funds from Europe, US and Asia

OVL says will get stake in Myanmar oil block despite losing bid

08 Apr 2014

OVL boss Dinesh Sarraf to take over as new ONGC chief

27 Feb 2014

Dinesh K Sarraf, MD, ONGC Videsh, will take over as the new chairman and managing director of the country's most profitable firm, ONGC

ONGC, Shell acquire Petrobras' stake in Brazilian offshore oil block for $1.64 bn

31 Dec 2013

OVL, the overseas arm of state-run explorer Oil and Natural Gas Corp (ONGC) and Royal Dutch Shell yesterday acquired the remaining 35 per cent of a Brazilian offshore oil block, not already owned by them, for $1.64 billion, from Petroleo Brasileiro SA (Petrobras)

ONGC Videsh exits strife-torn Sudan, evacuates employees

24 Dec 2013

Oil & Natural Gas Corp has evacuated all its personnel, including 11 executives, from its oil projects in Sudan after violence escalated in the strife-torn African country on 15 December.