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ONGC VIDESH INVESTMENT
ONGC in talks to acquire PDVSA stakes in two Venezuela oilfieldsIndia's ONGC is in talks with Venezuela's PDVSA to acquire stakes in two oilfields, San Cristobal and Carabobo. This move hinges on ONGC se...- 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 ...
- Brazil ready to ramp up crude supplies to India as Iran war disrupts gulf flowsBrazil is ready to increase oil supplies to India. This comes as India seeks to diversify its crude sources due to shipping issues. Brazil'...
- India's outward FDI commitments fall 49% month-on-month to $4.49 bn in May: RBI dataIndia's outward FDI commitments saw a significant 49.02% month-on-month drop to USD 4.49 billion in May 2026, primarily due to reduced equi...
- 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...
- ONGC shares fall 4% despite 46% YoY jump in Q4 profit; revenue rises 4%ONGC shares fell as much as 4% on Wednesday despite the state-run explorer reporting a 46% YoY rise in consolidated Q4 net profit to Rs 10,...
- ONGC Q4 Results: Cons PAT jumps 46% YoY to Rs 10,820 crore, revenue up 4%Oil & Natural Gas Corporation (ONGC) reported a significant 46% surge in consolidated net profit to Rs 10,820 crore for the March-ended qua...
- India-Russia energy ties widen beyond crude to gas, nuclear and petrochemicalsIndia and Russia are deepening energy ties. Discussions have focused on gas supplies and joint ventures for hydrocarbon development. Russia...
- ONGC Videsh keen on Sri Lankan oil and gas blocksOil and Natural Gas Corp (ONGC) is keen on exploring oil and gas reserves in Sri Lanka, said a company executive on Wednesday. Rajarshi Gup...
- OVL gets extension for five projectsONGC Videsh has been present in Myanmar, Bangladesh, Vietnam, South Sudan and Columbia for years. In some projects, it has made discoveries...
- Rajarshi Gupta takes over as Managing Director of ONGC Videsh"Rajarshi Gupta has more than 33 years of wide-ranging experience in supervisory, managerial and strategic planning capacities in domestic ...
- 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...
- ONGC Videsh board may consider listing of company at next meetingThe government has been pushing ONGC Videsh, the fully-owned unit of the state-run Oil and Natural Gas Corp, to go public.
- ONGC Videsh revises proposal for Iran’s Farzad gas blockAn OVL-led consortium had already submitted a $3 bn development plan to Iran to develop an offshore field in Farzad B, which holds 12.5 tn ...
- 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 ...
- Govt approves ONGC converting Rs 5K-crore loan to OVL into equityThe Cabinet Committee on Economic Affairs approved ONGC converting its Rs 5,000 crore loan to subsidiary ONGC Videsh Ltd, into equity.
- 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 Videsh led-group to hike investment in VenezuelaNGC Videsh has already invested $350 million and intends to pump in an additional $500 million in the San Cristobel oil field there.
- OVL's financial powers may get 10-fold boostMinistry sources said the plan on the drawing board envisages giving ONGC Videsh powers to decide investments of up to Rs 3,000 crore.
- Raising output: OVL to pump $209 mn in ImperialONGC Videsh Ltd is pumping $209 million into Russian fields of Imperial Energy for ramping up production, even as it looks to acquire more ...
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