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SAN CRISTOBAL OILFIELD
ONGC to revive Venezuela oilfieldONGC Videsh will invest $200 million to revive Venezuela's San Cristobal oilfield. The company secured a US license for continued operation...- 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...
- Venezuela raid by US revives oil risk premium, Dalal Street braces for crude-led swings on MondayThe capture of Venezuelan President Maduro has reintroduced geopolitical risk into oil markets, impacting global crude prices. While immedi...
- US control of Venezuelan oil may unlock $1 bn stuck dues for India, lift outputA US-led takeover of Venezuela's oil sector could benefit India by unlocking nearly USD 1 billion in long-pending dues and reviving crude p...
- 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 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 ...
- 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.
- ONGC Videsh Ltd sees 14% jump in output this fiscalOVL 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...
- OVL H1 net profit more than doubles to Rs 512 croreNet profit for April-September was at Rs 512 crore, 126.55 per cent higher than Rs 226 crore for the same period in the year-ago period, th...
- ONGC Videsh Ltd to help Venezuela's national oil firm raise $318 millionAs part of the agreement, OVL will stand guarantee for the San Cristobal JV to raise $318 million capital required for raising production f...
- OVL to provide $318 M financing guarantee to VenezuelaIt will help raise output at the Venezuelan oilfield after the Latin American nation signed pact to supply 17,000 barrels per day of crude ...
- India discusses ways to recover $600 mn dues from VenezuelaOil Minister Dharmendra Pradhan today met visiting Venezuelan Foreign Minister Delcy Rodriguez and Oil Minister Eulogio del Pino and discus...
- 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 reiterates willingness to give exploration blocksAfter signing the joint venture agreement on the San Cristobal oil field, Venezuela has reiterated its willingness to give India exploratio...
- ONGC Videsh in talks to buy Canadian oil coONGC Videsh - the foreign investment arm of ONGC - is in talks to take over a mid-sized listed Canadian oil company having hydrocarbon bloc...
- From energy to education, Chavez is high on IndiaVenezuela’s self-confessed Indophile Chavez commits 1 m barrels of oil per day.
- OVL may get to dig 2 more blocks in VenezuelaOne of the blocks is located in Junin fields which is stated to have about 50 billion barrels of recoverable oil reserve.
- 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...
- Govt authorises OVL to invest $102 mn in QatarThe government on Monday authorised ONGC Videsh Ltd to invest 102.21 mn dollars in exploration and production project in Qatar. Tax sheet I...
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