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PDVSA
Venezuelans view US oil deal with doubt, hopeVenezuela and the United States have finalized a significant oil deal. This agreement aims to revitalize the nation's struggling petroleum ...31 Aug, 2026, 08.09 PM IST- ONGC plans $200 million investment to revive Venezuela oilfieldONGC plans a $200 million investment to revive Venezuela's San Cristobal oilfield. The company secured a US license for continued operation...26 Aug, 2026, 08.34 AM IST
- Rust, power cuts and delays: Inside Venezuela’s oil export crisisVenezuela's oil exports face significant delays due to ageing port infrastructure. Tankers wait up to thirty days for loading, slowing oper...21 Aug, 2026, 05.25 PM IST
- ONGC gets US licence to resume full Venezuela operations, eyes operatorshipONGC has received a US Treasury license to resume full operations in Venezuela. This approval removes sanctions-related risks, allowing exp...16 Aug, 2026, 11.08 AM IST
- ONGC eyes operatorship of two Venezuela oil blocksONGC plans to operate two Venezuelan oil blocks soon under new laws. The company regained its stake in Russia's Sakhalin-1 project last Dec...05 Aug, 2026, 06.44 PM IST
- Big bets, bigger risks: Why US oil majors are holding back in VenezuelaUS oil companies and Venezuela's government face stalled negotiations over key oil assets. Companies seek fiscal guarantees and access to a...31 Jul, 2026, 12.38 AM IST
- Explained: Venezuela's complex and contested debt puzzleVenezuela faces a massive debt restructuring with creditors holding diverse claims. The nation's debt is estimated between $150 billion and...14 Jul, 2026, 08.38 AM IST
- 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...24 Jun, 2026, 12.53 AM IST
- PDVSA and Reliance resume oil swap under US license, document showsVenezuela's PDVSA and India's Reliance Industries have restarted an oil swap deal after a pause due to U.S. sanctions. A U.S. license grant...19 Dec, 2024, 10.51 PM IST
- Reliance says not involved in any cash payment arrangement to Venezuela's PDVSA for oilOne internal PDVSA document indicated shipments of Venezuelan oil to Reliance in April would be settled via Rosneft.20 Apr, 2019, 12.59 PM IST
- Venezuela turns to India as sanctions cut oil flow to U.S., EuropeThe South American nation is turning its focus to cash-paying buyers, especially in India, its second-largest customer after the US.13 Feb, 2019, 08.32 AM IST
- Venezuela starts clearing ONGC Videsh Ltd's $449 million duesOVL Managing Director Narendra K Verma said Petroleos de Venezuela (PDVSA) had last month shipped a cargo of crude oil to Reliance Industri...05 Dec, 2018, 05.08 PM IST
- ONGC Videsh Limited declines Venezuela's offer for additional stake in oilfield"Cash-strapped PDVSA hasn't been able to pay our dues and the additional stake may be used to settle the dues. We don't think that is what ...09 Sep, 2018, 11.11 AM IST
- Venezuela's PDVSA to rope in customers to pay $449 million to ONGCOVL owns 40 per cent of Venezuela's San Cristobal oilfield and had invested about USD 190 million in the project in 2008.15 Nov, 2017, 10.21 PM IST
- ONGC falls after PDVSA misses debt paymentsPDVSA earlier used a Russian state-owned bank and Reliance Industries as intermediaries to make payments to ONGC.09 Nov, 2017, 03.58 PM IST
- OVL signs MoU with Venezuelan firmONGC Videsh Ltd said it has signed an MoU with Venezuelan state oil firm PdVSA for cooperation in oil-rich Faja area of the Latin American ...10 Oct, 2013, 08.43 PM IST
- 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...17 Oct, 2012, 05.56 PM IST
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