A 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...

OVL agreed to provide loans of up to USD 60 million for implementing the remediation plan of the project. Under the loan arrangement, it pr...

ONGC has investments in two Venezuelan oil fields - Sancristobal and Carabobo-1 - but has been unable to receive its share of income for ye...

"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 ...

OVL owns 40 per cent of Venezuela's San Cristobal oilfield and had invested about USD 190 million in the project in 2008.

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...

Net 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...

As part of the agreement, OVL will stand guarantee for the San Cristobal JV to raise $318 million capital required for raising production f...

It will help raise output at the Venezuelan oilfield after the Latin American nation signed pact to supply 17,000 barrels per day of crude ...

Oil Minister Dharmendra Pradhan today met visiting Venezuelan Foreign Minister Delcy Rodriguez and Oil Minister Eulogio del Pino and discus...

Venezuela has already attracted investment from Indian state firms, which are looking for more opportunities there, while Reliance Industri...

After signing the joint venture agreement on the San Cristobal oil field, Venezuela has reiterated its willingness to give India exploratio...

ONGC Videsh - the foreign investment arm of ONGC - is in talks to take over a mid-sized listed Canadian oil company having hydrocarbon bloc...

Venezuela’s self-confessed Indophile Chavez commits 1 m barrels of oil per day.

One of the blocks is located in Junin fields which is stated to have about 50 billion barrels of recoverable oil reserve.

ONGC 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...

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