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KASHAGAN OILFIELD
India rejects Kazakhstan's offer for Abai oil fieldKazakhstan had in April last year offered OVL a stake in Abai, which was previously being operated by Norway's Statoil.- Kazakhstan offers OVL stake in Kashagan oil fieldState-owned KazMunaiGaz National Co held 75 per cent interest in the block with an estimated 387 million tons of resources (2.8 billion bar...
- Kazakhstan offers oil field to ONGC Videsh Ltd in the Caspian SeaStatoil had in February 2013 given up the Abai offshore block spending about seven years negotiating to start exploration.
- ONGC Videsh Ltd blocks Chinese Sinochem bid, to buy stake in Brazilian oilfieldONGC Videsh Ltd has blocked China's Sinochem Group from buying 35 per cent interest in a Brazilian oilfield for $ 1.54 billion.
- Kazakhstan giant oilfield: India's loss is China's gainAfter blocking ONGC Videsh Ltd's USD 5 billion deal, Kazakhstan has transferred a 8.4 per cent stake in its giant Kashagan oil field to Chi...
- 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.
- OVL may block Chinese bid to buy stake in Brazil oilfieldONGC Videsh is mulling exercising its pre-emption rights to block China's Sinochem Group from buying 35% interest in Brazilian oilfields fo...
- Kazakhstan blocked stake purchase in biggest oilfield: ONGCONGC today confirmed that its USD 5 billion acquisition of a stake in Kazakhstan's biggest oilfield has been blocked by the Central Asian n...
- Nifty slips below 5800; top eighteen stocks in actionThe 50-share Nifty index slipped below its crucial psychological level of 5800 in morning trade on Wednesday.
- Eighteen stocks in focus in Wednesday morning tradeSensex opened with a gap-down led by losses in realty, metals, banks and power stocks on the back of negative cues from global markets.
- India loses $5 bn bid for Kashagan oil field to ChinaONGC has lost the Kashagan oilfield to the Chinese after Kazakhstan blocked its $5 bn deal to buy ConocoPhillips' stake in Caspian Sea oilf...
- 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's $5 bn Kazakh oil deal may fall throughIndustry insiders say the blame for falling of ONGC's biggest acquisition may rest with the Indian govt which has not engaged with Kazakhst...
- Hive off OVL, says plan panelThe Plan panel has argued that ONGC Videsh would eventually become a global company. Therefore, the company’s “fiduciary relationship” with...
- ONGC gets partners' nod for $5 billion Kashagan stake buyAfter years of delay and at a total cost of more than $40 billion, Kashagan is due to begin production in the second quarter of 2013.
- Kazakhstan non-commital on supporting OVL's $5 billion Kashagan bidM Veerappa Moily raised the issue of clearance to the deal when he met the visiting minister at the meeting of the India-Kazakhstan Joint C...
- PSUs must tread carefully while doing business abroad: Salman KhurshidSalman Khurshid said PSUs are not timid but need to tread carefully while doing business abroad because they are accountable to Parliament.
- ONGC gets project operator's nod for $ 5 billion Kashagan stake buyEni, ExxonMobil of US, Royal Dutch Shell, France's Total and Kazakhstan's Kazmunaigas (KMG) hold 16.81 per cent stake each in the field, wh...
- ONGC's acquiring stake in Kashagan oilfield will be 'credit negative': Moody's"The acquisition would be funded with debt and would increase ONGC's consolidated net debt by at least USD 5 billion, a credit negative," M...
- ONGC gains 1% on OVL deal; brokerages maintain ‘buy’ONGC surged over 1% on Tuesday after the its overseas arm, OVL, announced its biggest-ever deal to buy 8.4% stake in Kazakh oilfield.
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