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VENEZUELA OILFIELDS
ONGC, bp sign technical services contract to boost production from Western Offshore BasinONGC and bp have inked a deal to boost oil and gas output from the Western Offshore Basin. This partnership leverages bp's global expertise...- Stocks in news: LIC, IRFC, Cummins India, Tata Motors PV, ONGCIndian markets surged on Wednesday, recovering previous day's losses, with banking stocks leading the charge from a strong support zone, si...
- 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...
- From trickle to torrent: Hormuz reopening may trigger a global oil floodThe reopening of the Strait of Hormuz could trigger a faster-than-expected recovery in global oil supplies. With tankers already positioned...
- US soon to issue general license for oil production in Venezuela: ReportThe U.S. government is preparing to issue a general license this week, allowing companies to produce oil and gas in Venezuela. This move ai...
- Private Chinese firm producing oil in Venezuela under rare 20-year pact, source saysChina Concord Resources Corporation has started developing two oilfields in Venezuela. The company plans to invest over one billion dollars...
- India will renew oil purchases from Venezuela: Oil minister Hardeep PuriIndia plans to resume crude oil purchases from Venezuela, now free from US sanctions, announced Oil Minister Hardeep Puri. With Indian refi...
- 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...
- Venezuela willing to accept oil payments in rupees: EnvoyVenezuela 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...
- 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...
- 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 ...
- 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...
- ONGC Videsh not to exercise pre-emption rights in Venezuela's Petroleos de VenezuelaAll the partners in the project, including PdVSA, have right of first refusal or pre-emption rights to the Petronas stake.
- OilMin wants RIL to join hands with ONGC for Venezuela projectState-owned Oil and Natural Gas Corp (ONGC) may have won a large oil block in Venezuela but the Petroleum Ministry wants Reliance Industrie...
- Very slippery ground in oilIs 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 may lose a gas project in IranIndia'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...
- IOC for 4 pc stake in Venezuela oilfieldIndian 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 ...
- 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...
- 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.
- 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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