ONGC Videsh
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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
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
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
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 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 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 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 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.
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