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OILFIELD PACTS
Extend oilfield pacts without changing terms, suggests NitiNiti Aayog has sent its policy recommendation to the oil ministry, saying any extension of oilfield contracts should be as per the original...- Oil slips on weak demand outlook and higher OPEC suppliesBrent crude futures fell 17, or 0.4%, to $42.13 a barrel by 0818 GMT and U.S. West Texas Intermediate (WTI) crude futures were down 22 cent...
- Crude oil prices dip on oversupply concerns and stronger dollarWest Texas Intermediate (WTI) crude fell 27 cents, or 0.7 per cent, to $37.92.
- Oil falls below $57 on virus impact, OPEC+ delayBrent crude was down 82 cents at $56.85 a barrel by 1452 GMT after rallying in the previous five sessions.
- India signs pact expressing interest in taking stake in Far East Russian oilfieldsOil Minister Dharmendra Pradhan discussed investment opportunities when he met Igor Sechin, chief executive of Russian oil major Rosneft.
- OVL, partners buying 49% stake in Vankor cluster oilfieldsA host of agreements is expected to be signed during PM Modi's visit in annual summit with Russian President Putin this week.
- OVL signs pact for developing Susangerd oilfield in IranFarzad B was discovered by OVL in the Farsi block about 10 years ago. The field in the Farsi block has an in-place gas reserve of 21.7 tril...
- India rejects Russia’s stake sale offer in five more Siberia oilfieldsThese five fields are not developed assets. Indian companies had a preliminary look at the offer and then conveyed to Rosneft that they had...
- 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 ...
- ONGC Videsh signs pact with SOCAR TradingTo begin with, OVL's share of oil from the Azeri, Chirag and Guneshli (ACG) group of fields in Azerbaijan will be traded through the new ve...
- ONGC Videsh Ltd, IOC consortium to buy Russian oil fields for $4.2 billionONGC Videsh Ltd (OVL) and a consortium led by Indian Oil Corp today signed agreements to buy stake in two Russian oilfields in Siberia for ...
- ONGC Videsh Limited, Rosneft sign Vankor oil field dealAs per the deal between ONGC Videsh Ltd (OVL) and Russian oil behemoth Rosneft, the former will pick up 15 per cent stakes in Vankorneft oi...
- ONGC Videsh Ltd in talks to acquire stake in two Siberian oilfields: Dharmendra PradhanONGC Videsh Ltd, the overseas arm of state-owned ONGC, is in talks to acquire stake in two Siberian oilfields, Oil Minister Dharmendra Prad...
- Manila says China reclaiming land in disputed seaThe Philippines has protested China's efforts to reclaim land in a disputed reef in the South China Sea that can be used to build an airstr...
- 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...
- Canada turns page, wants to sell nuclear reactors to IndiaPutting behind a troubled nuclear history with India, Canadian foreign minister John Baird said, "We have turned the page with India. India...
- OVL keen on buying stake in Russia's Sakhalin blockONGC once again expressed interest in taking at least 20% stake in the Sakhalin-3 oil and gas fields and importing liquefied natural gas fr...
- ONGC may invite Cairn India, Vedanta Resources for signing royalty agreementState-owned Oil & Natural Gas Corp may this week invite Cairn India and Vedanta Resources for signing of an agreement.
- India, Colombia in pact for cooperation in energy sectorIndia and Colombia today signed an agreement for cooperation in the energy sector, including joint bidding for oilfields in the two countri...
- Mittal signs deals with Total, LukoilThe officials of neither Mittal Steel nor Total could be immediately reached for comments.
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