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AZERBAIJAN OILFIELD
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...- 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....
- OVL to hold 4 pc; IOC, BPRL 3 pc each in Abu Dhabi oilfieldBesides paying a signature bonus of USD 600 million, the three partners would bear 10 per cent of the planned USD 32 billion capex on the f...
- ONGC Videsh signs pact with SOCAR TradingTo begin with, OVL's share of oil from the Azeri, Chirag and Guneshli (ACG) group of fields in Azerbaijan will be traded through the new ve...
- ONGC wins offshore oil & gas exploration block in New ZealandONGC Videsh Ltd, the overseas investment arm of India's biggest energy explorer, won exploration Block 14TAR-R1 in New Zealand's Taranaki b...
- ONGC Videsh Ltd plans to raise $500-700 million to fund Mozambique acquisitionOVL plans to raise $ 500-700 mn loan by pledging future crude oil prod from its overseas assets, to fund the acquisition of a Mozambique ga...
- 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 to borrow record $4 bn for Mozambique stakeOVL and OIL's purchase of Videocon's stake is in a 60:40 ratio, with OVL's share at $1.485 billion. To fund this, the company will raise $1...
- ONGC unit to buy stake in Anadarko Mozambique block for $2.6 bnOil and Natural Gas Corp (ONGC) will acquire 10% stake of Anadarko Petroleum Corp in an offshore block in Mozambique for $2.64 billion.
- ONGC Videsh eyes energy assets in US; Oil India close to buying Africa assetAfter Kazakhstan, and Mozambique, ONGC Videsh and Oil India have set their sights on acquiring new oil and gas assets in the US and Africa.
- ONGC Videsh Ltd to raise $3 bn for Kazakh acquisitionOVL in November last year agreed to buy ConocoPhillips' 8.4 per cent stake in Kazakhstan's biggest oilfield, Kashagan, for USD 5 billion.
- ONGC Videsh Ltd resumes crude oil production in SudanONGC Videsh Ltd has resumed crude oil production from its oilfields in Sudan, which was halted 15 months ago due to split of the African na...
- 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.
- OVL to raise up to $1 billion via dollar issue to fund Azerbaijan buyONGC Videsh, the overseas arm of state-owned Oil & Natural Gas Corp (ONGC), on Tuesday said it aims to raise up to $1 billion through a dol...
- ONGC Videsh Ltd to raise $1 billion to fund Azeri acquisitionThe company, which gets most of its funds from its parent firm, has already appointed merchant bankers for raising the debt, a source said.
- 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 ...
- Cabinet Committee on Economic Affairs approves OVL's $1 billion Azerbaijan acquisitionThe Cabinet Committee on Economic Affairs (CCEA) today approved ONGC Videsh Ltd's acquisition of stake in an Azerbaijan oilfield for $ 1.00...
- CCEA to consider approving OVL's $1 bn Azerbaijan acquisitionThe acquisition was subject to government and regulatory approvals and is expected to close by the first quarter of 2013.
- OVL turns down Mittal offer to buy stake in Kazakh oil companyIndustry sources said OVL may have declined Mittal's offer because it thought the company was a sinking ship with oil production falling. B...
- ONGC Mittal eyes Azerbaijan oilfieldONGC Mittal Energy (OMEL), a JV between ONGC Videsh (OVL) and LN Mittal-owned Mittal Investment, plans to pick up a stake in an Azerbaijan ...
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