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OVL EQUITY PLAN
OVL to acquire stake in two Vietnamese blocksONGC Videsh Ltd today signed an agreement to pick up to 50 per cent stake in PetroVietnam's two exploration blocks in the South China Sea.
Vietnam offers two more exploration blocks to ONGC VideshOVL is currently operating two blocks in the country, one is producing gas and the other is still at the exploratory phase.
An idea whose time has come: India needs a sovereign wealth fundKazakhstan and others should be persuaded to list in stock markets here. Also, OVL itself needs to actively consider listing, to unlock val...
ONGC Videsh plans to raise stake in Latin American blocksONGC Videsh, plans to raise its stake in oil and gas acreages in Brazil and Venezuela to counter China’s growing influence in the region.
Russian government will grant tax sops to OVL's Imperial now: DK SarrafThe Indian government has finally made headway in convincing the Kremlin to delink the issue of granting tax sops to ONGC Videsh's (OVL) $2...
- ONGC Board defers OVL listing, to consider other options
The board of directors of state-run ONGC on Tuesday said it plans to evaluate several options before taking a decision on the proposed list...
- ONGC FPO may hit the market in September: AK Hazarika, Chairman & MD
In an interview with ET Now, AK Hazarika, Chairman & MD, ONGC, talks about their FPO as well as OVL’s equity plan. Excerpts:
- OVL to bid for stake in Yamal gas field in Russian Arctic
ONGC Videsh Ltd, the overseas arm of state-owned ONGC, plans to submit a bid for taking a stake in Yamal gas field and the accompanying LNG...
- OVL plans to set up refinery in Nigeria
ONGC Videsh (OVL), the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), plans to set up a greenfield refinery...
- Imperial is a long-term play for OVL
If the Imperial-OVL deal goes through, the latter will gain access to rich oilfields in the Western Siberian region of Russia besides addin...
- ONGC Videsh, Hindujas may set up JV to invest in Iran
ONGC Videsh, and the Hinduja group are in talks to seal a partnership with Switzerland-registered NICO, a subsidiary of the National Irania...
- Petrobras to pick 30% in ONGC’s KG basin block
Brazilian oil company Petro Brasileiro (Petrobras) has agreed to pick up a 30% stake in one of ONGC’s discovered gas blocks in the Krishna ...
- OVL, Rosneft to bid for 49% stake in Sakhalin-III
ONGC Videsh (OVL), the overseas arm of the state-owned ONGC, is set to bid for up to a 49% stake in Russia’s Sakhalin-III oil and gas devel...
- ONGC, Petrobras to sign swap deal
ONGC and Petrobras are planning to enter into swap arrangement for offering stakes in producing oil & gas blocks in India and Brazil.
- Deora to pitch for oil equity in Russia
Petroleum minister Murli Deora, who is meeting Russian energy minister Viktor B Khristenko in Moscow, is expected to make a case for Indian...
- Sakhalin oil may reach Indian shores on Nov 20
The first shipment of equity oil from Russian oilfield Sakhalin-I is expected to touch the Indian coast on November 20. ONGC’s $2.8bn in th...
- CCEA okays OVL plan to buy oil asset in Columbia
CCEA on Thursday approved a proposal from Software Development Systems of Cayman Islands to invest $515m in Flextronics Software Systems by...