Indian markets surged on Wednesday, recovering previous day's losses, with banking stocks leading the charge from a strong support zone, si...

India'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...

The U.S. government is preparing to issue a general license this week, allowing companies to produce oil and gas in Venezuela. This move ai...

China Concord Resources Corporation has started developing two oilfields in Venezuela. The company plans to invest over one billion dollars...

India plans to resume crude oil purchases from Venezuela, now free from US sanctions, announced Oil Minister Hardeep Puri. With Indian refi...

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...

Venezuela wants India to buy its oil and pay in rupees, which the South American country can in turn use for trading India food products an...

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...

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 ...

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

All the partners in the project, including PdVSA, have right of first refusal or pre-emption rights to the Petronas stake.

Is it a good strategy for India to follow China and buy up large oilfields abroad as energy security? ONGC is investing a few billions in p...

India's oil diplomacy that suffered a setback last week when China snatched a deal to develop one of Iran's biggest oilfields, may again be...

Indian Oil Corp (IOC) will take just one-tenth of the 40 per cent stake the grand alliance of Oil and Natural Gas Corp (ONGC) and Reliance ...

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

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

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