OVL bought the stake in two tranches. First, it acquired 15 per cent in May 2016 for USD 1.268 billion, and then another 11 per cent in Oct...

The 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 ...

RIL is looking to pick up an 11% stake in Venezuela's Petrocarabobo project that was recently surrendered by Malaysia's Petronas.

RIL is close to taking an oil block in the Latin American nation that can produce as much as 10 million tons of oil per annum.

OVL is looking at buying a similar stake that Malaysia's Petronas has decided to give up in the project.

ONGC Videsh Ltd, the overseas arm of state-owned Oil & Natural Gas Corp (ONGC), and its partners OIL and IOC are mulling buying 11 per cent...

RIL currently imports about 300,000 barrels per day of oil from Venezuela for processing at its twin refineries at Jamangar in Gujarat.

Reliance Industries is in talks with Venezuela's PDVSA to produce heavy oil in the South American OPEC nation, PDVSA Executive Director Fad...

Reliance Industries today said it has signed an agreement with Venezuela for a project to produce heavy oil in the South American OPEC nati...

RIL wants to partner Venezuelan state oil monopoly Petroleos de Venezuela to develop a project in the Orinoco extra heavy crude belt, indus...

Venezuela has surpassed Saudi Arabia to become the nation with the largest proven crude oil reserves in the world, at 297 billion barrels, ...

China will invest more than 40 billion dollars in Venezuela's oil- and gas-rich eastern Orinoco belt by 2016, Energy Minister Rafael Ramire...

ONGC & IOC and OIL have won a bid to develop a major crude oil block in Venezuela, its first major overseas success since Imperial Energy P...

Oil and Natural Gas Corp, Reliance Industries and Indian Oil Corp, are coming together for the first time, to bid jointly for a vast oilfie...

ONGC Videsh Ltd and Petroleos De Venezuela S.A. have signed a joint venture agreement for the San Cristobal Field in Junin, Orinoco region ...

The government on Monday authorised ONGC Videsh Ltd to invest 102.21 mn dollars in exploration and production project in Qatar. Tax sheet I...

President Hugo Chavez sent a soothing message to American motorists, saying that Venezuela is not preparing to cut off oil shipments to the...