Kazakhstan had in April last year offered OVL a stake in Abai, which was previously being operated by Norway's Statoil.

ONGC Videsh Ltd, the overseas investment arm of India's biggest energy explorer, won exploration Block 14TAR-R1 in New Zealand's Taranaki b...

State-owned KazMunaiGaz National Co held 75 per cent interest in the block with an estimated 387 million tons of resources (2.8 billion bar...

Statoil had in February 2013 given up the Abai offshore block spending about seven years negotiating to start exploration.

ONGC Videsh Ltd has blocked China's Sinochem Group from buying 35 per cent interest in a Brazilian oilfield for $ 1.54 billion.

After 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...

Oil 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 is mulling exercising its pre-emption rights to block China's Sinochem Group from buying 35% interest in Brazilian oilfields fo...

Sensex opened with a gap-down led by losses in realty, metals, banks and power stocks on the back of negative cues from global markets.

ONGC has lost the Kashagan oilfield to the Chinese after Kazakhstan blocked its $5 bn deal to buy ConocoPhillips' stake in Caspian Sea oilf...

OVL in November last year agreed to buy ConocoPhillips' 8.4 per cent stake in Kazakhstan's biggest oilfield, Kashagan, for USD 5 billion.

Industry insiders say the blame for falling of ONGC's biggest acquisition may rest with the Indian govt which has not engaged with Kazakhst...

After 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.

M 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...

Eni, 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...

In a major setback to India's oil diplomacy, the ONGC-Hinduja Group alliance has lost the rights to develop Iran's South Azadegan oilfield ...

Steel czar Lakshmi N Mittal is mulling floating an oil and gas company as part of his inorganic growth path for achieving bid in the hydroc...