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ONGC VENEZUELA OPERATIONS
ONGC's overseas arm set to revive Venezuela operationsONGC Videsh Ltd (OVL) had acquired assets overseas as part of increasing the state-run oil producer's crude output. The move to revive OVL ...- ONGC bets on gas-led growth as premium pricing boosts profitabilityONGC anticipates natural gas will drive its future growth and profitability. New high-priced gas production is set to increase significantl...
- US attacks Venezuela: 9 listed Indian companies that could see an impactUS military action in Venezuela impacts Indian companies with energy, engineering, and pharmaceutical ties. ONGC and Reliance Industries fa...
- RIL hits record high, ONGC and oil stocks rise up to 2% after Trump’s Venezuela moveReliance Industries and other oil-linked stocks surged following a US military raid in Venezuela, reigniting geopolitical risks. ONGC, with...
- ONGC may receive $500 million of unpaid dividends if US lifts sanctions on Venezuelan oilONGC could unlock about US$500 million in unpaid dividends from its Venezuelan assets if US-led restructuring eases sanctions, Jefferies sa...
- US strikes Venezuela: Why India is largely insulated from the shockIndia is unlikely to face any economic or energy fallout from the Venezuela crisis as its trade links with the country have already shrunk ...
- US attack on Venezuela unlikely to hit Indian refiners hardThe country produces around 900,000 barrels per day of crude - about 1% of the global supply. Of the roughly 765,000 bpd it exports, nearly...
- ONGC seeks US exemption to take over Venezuelan oilfields' operationsONGC seeks US exemption to gain operational control of its oil fields in Venezuela. The company has struggled to repatriate $500 million of...
- ONGC hopes to recover over USD 400 mn dividend as sanctions eased on VenezuelaOVL agreed to provide loans of up to USD 60 million for implementing the remediation plan of the project. Under the loan arrangement, it pr...
- OVL seeks waiver of US sanctions on Venezuela to recover dividendsONGC has investments in two Venezuelan oil fields - Sancristobal and Carabobo-1 - but has been unable to receive its share of income for ye...
- ONGC Videsh swings back to profit; FY17 net at Rs 701 croreConsolidated production of Crude Oil and Oil Equivalent Gas during FY’17 was higher by 44%.
- India tries afresh to recover $660 million from VenezuelaThe rising dues have become an issue for the ONGC Videsh, which is finding it tough to get board approval for another $300-400 mn required ...
- ONGC Videsh Ltd wants to dip into RIL payments to clear Venezuelean duesOVL, the overseas investment arm of state-run explorer Oil and Natural Gas Corp (ONGC), holds 40 per cent stake in the San Cristobal oil pr...
- Investments in Venezuela face high risks: ONGCVenezuela has already attracted investment from Indian state firms, which are looking for more opportunities there, while Reliance Industri...
- Venezuela holds back half a billion dollars dividend payment of ONGC VideshVenezuela has held back dividend payment of nearly half a billion dollars to pressure OVL into bankrolling the entire cost of developing tw...
- RIL in talks with Venezuela's oil company PDVSA to produce heavy oilReliance Industries is in talks with Venezuela's PDVSA to produce heavy oil in the South American OPEC nation, PDVSA Executive Director Fad...
- RIL exits ONGC team for Venezuela oil bidRIL pulled out of an ONGC-led consortium which was formed to bid for a 40% stake in an oil field in Venezuela, leaving the state-run compan...
- OVL to sign pact for 40% stake in Venezuelan fieldONGC Videsh Ltd, the overseas investment arm of Oil and Natural Gas Corporation (ONGC), will sign an agreement on April 8 to take 40 per ce...
- ONGC eyes oil blocks in exchange for technologyThree decades back Oil Natural Gas Corporation (ONGC) started developing a technology at Mehsana, a village in those days.
- OVL, CNPC set off on joint oil hunt againThe fledgling co-operation between Indian and Chinese companies in the oil and gas sector is set to get a leg up with ONGC Videsh teaming u...
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