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AZERBAIJAN GAS PRODUCTION
Imported voters, fake websites: Russia's covert efforts to stop Armenia's pivot WestRussia is reportedly working to unseat Armenia's leader ahead of the June 7 election. Moscow fears his re-election will cement Armenia's sh...
TotalEnergies plans to start phase two output at Azerbaijan's Absheron gas field in 2029TotalEnergies is set to begin the second phase of production at Azerbaijan's Absheron gas-condensate field on September 1, 2029. A final in...
After 10-month hiatus, Azerbaijan begins crude oil exports to IndiaAfter a 10-month pause due to pricing disagreements, Azerbaijan has resumed crude oil exports to India, signaling improved bilateral relati...
OVL completes acquisition of Equior's stake in Azerbaijan oilfield for $60 mnONGC Videsh Ltd completes the acquisition of a 0.615% stake in Azerbaijan's ACG oilfield and a 0.737% share in the BTC pipeline from Equino...
COP hosts set to increase combined oil and gas production by 33% by 2035, says reportAzerbaijan, the UAE, and Brazil, hosts of upcoming UN climate conferences, plan to increase their oil and gas production by 33% by 2035. Th...
ONGC shares jump 3% on signing gas deal in AzerbaijanThe addendum to the ACG PSA allows progress in exploring, appraising, developing, and producing Non-Associated Natural Gas (NAG) from the A...
ONGC acquires Equinor stake in Azerbaijan oilfields for USD 60 mnONGC Videsh will acquire Equinor's 0.615% stake in ACG oil field and 0.737% in BTC pipeline for $60 million, adding to its 2.31% ACG and 2....
EU, Azerbaijan plan gas deal in pivot away from RussiaThe draft highlighted the importance of "long-term, predictable and stable contracts" to provide security to gas producers. But it also sai...
Indian companies' oil & gas output from overseas fields drops 11%The output declined to 12.8 million metric tonnes of oil equivalent (mmtoe) during April-October this year from 14.4 mmtoe in the same peri...
ONGC Videsh output may fall in FY21 on natural decline, OPEC+ supply cutONGC Videsh produced about 15 million metric tonnes of oil equivalent (mmtoe) in 2019-20, marginally higher than 14.83 mmtoe in 2018-19, ma...
Increasing production, overseas acquisitions immediate focus areas: DK Saraff, Chairman-designate, ONGCPreviously the head of ONGC Videsh he has helmed a slew of new and expensive acquisitions of oil and gas acreages.
Sudan offers two oil blocks to ONGC: Oil MinisterONGC’s foreign arm ONGC Videsh said it would evaluate the offer. “The offer is for block-15 and block-8. The later one also has some gas pr...
ONGC Videsh raises $800 million to partly finance Azerbaijan acquisitionONGC Videsh said it has raised $800 million to part-finance its recent acquisition of interest in an oilfield in Azerbaijan.
- ONGC Videsh Ltd to raise $1 billion to fund Azeri acquisition
The company, which gets most of its funds from its parent firm, has already appointed merchant bankers for raising the debt, a source said.
- OVL completes acquisition of 2 Caspian assets
US energy firm Hess Corporation has completed the $1-billion sale of its stakes in oil-rich Chirag and Guneshli fields to ONGC Videsh (OVL).
- ONGC Videsh's plan to buy assets in Azerbaijan gets nod
“The acquisition shall provide OVL, oil production of about 1 million tonnes per year for about a decade,” the oil ministry said after the ...
- CCEA to consider approving OVL's $1 bn Azerbaijan acquisition
The acquisition was subject to government and regulatory approvals and is expected to close by the first quarter of 2013.
- OVL plans to raise $1 bn via dollar bonds issue in Q1 of FY13 to fund its recent acquisition in Azerbaijan
ONGC Videsh plans to raise about $ 1 billion through a dollar bonds issue early next year to fund its recent acquisition in Azerbaijan.
- ONGC Videsh likely to see drop in production this fiscal: D K Sarraf, Managing Director
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), is likely to see drop in production this fiscal due to pr...
- OVL to bid over $300 mln for Caspian Energy Group
ONGC Videsh Ltd, the overseas arm of state-run Oil and Natural Gas Corp (ONGC), is likely to bid over $ 300 million to buy Caspian Energy G...