OVL Managing Director Narendra K Verma said Petroleos de Venezuela (PDVSA) had last month shipped a cargo of crude oil to Reliance Industri...

"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 ...

Venezuelan national oil company Petroleos De Venezuela S.A. (PDVSA), which holds the remaining 60 per cent stake, has not paid the dividend...

The visiting president will participate in the International Solar Alliance Summit on March 11 and also hold talks with PM Narendra Modi.

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

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 ...

State-owned ONGC has delayed financing due to lack of clarity on dividend payment for its 40% share of the oil field.

PDVSA chief Eulogio Del Pino on Monday met oil minister Dharmendra Pradhan in a bid to resolve the long-drawn tussle between the two firms.

OVL, the overseas investment arm of state-run explorer Oil and Natural Gas Corp (ONGC), holds 40 per cent stake in the San Cristobal oil pr...

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

Petroleum minister Murli Deora has told oil producers and consumers to enter into long-term supply agreements to check volatility in oil pr...

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

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...