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ONGC VIDESH ASSETS
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...- ONGC's overseas arm set to revive Venezuela operationsONGC Videsh Ltd (OVL) had acquired assets overseas as part of increasing the state-run oil producer's crude output. The move to revive OVL ...
- ONGC bets on gas-led growth as premium pricing boosts profitabilityONGC anticipates natural gas will drive its future growth and profitability. New high-priced gas production is set to increase significantl...
- India-Russia energy ties widen beyond crude to gas, nuclear and petrochemicalsIndia and Russia are deepening energy ties. Discussions have focused on gas supplies and joint ventures for hydrocarbon development. Russia...
- ONGC said to be moving closer to keeping 20% stake in Russia's Sakhalin-1 projectONGC Videsh Ltd, the overseas investment arm of India's top explorer ONGC, and other state-run Indian companies have not been able to repat...
- ONGC plans to set up trading unit for crude, refined fuels for group firmsIndia's ONGC is considering establishing a trading unit to manage the crude oil and refined fuels produced and imported by its group compan...
- ONGC Videsh to acquire stake in ACG oil field, AzerbaijanAccording to a press release, the agreement encompasses the acquisition of a 0.615 per cent participating interest (PI) in the ACG field an...
- OVL gets extension for five projectsONGC Videsh has been present in Myanmar, Bangladesh, Vietnam, South Sudan and Columbia for years. In some projects, it has made discoveries...
- ONGC Videsh output may fall in FY21 on natural decline, OPEC+ supply cutONGC Videsh produced about 15 million metric tonnes of oil equivalent (mmtoe) in 2019-20, marginally higher than 14.83 mmtoe in 2018-19, ma...
- DIPAM, Oil Ministry to discuss OVL listing soonDIPAM’s idea is that all profitable public sector enterprises should be listed as it would help boost efficiency and corporate governance a...
- ONGC declined 2% as OVL listing not in sightONGC Videsh has stakes in 41 oil and gas assets in 20 countries.
- ONGC Videsh revises proposal for Iran’s Farzad gas blockAn OVL-led consortium had already submitted a $3 bn development plan to Iran to develop an offshore field in Farzad B, which holds 12.5 tn ...
- ONGC may bid for 'unviable' fields after new policy on sale of gasThe government plans to auction 69 marginal fields under a new policy that allows producers to sell gas at market price; share revenue, not...
- ONGC Videsh Ltd submits $ 10 billion proposal to Iran for Farzad-B gas fieldA consortium of OVL, Oil India Ltd and Indian Oil Corp had discovered the 12.8 trillion cubic feet of gas reserves in the Farsi block in 20...
- ONGC Videsh seeks tax parity with ExxonMobilONGC Videsh, partner in the project, has decided not to join the arbitration but seek tax parity.
- Hive off OVL, says plan panelThe Plan panel has argued that ONGC Videsh would eventually become a global company. Therefore, the company’s “fiduciary relationship” with...
- ONGC-led consortium of Indian oil firms shortlisted for ConocoPhillips' Canada assetsA consortium of three Indian oil firms have been shortlisted as finalists for stakes in ConocoPhillips oil sands holdings in Canada.
- ONGC Videsh plans Rs 5,000 crore IPO to fund overseas asset buysThe proposed IPO, which will be India’s biggest since Coal India's in 2010-11, will be considered by the board of ONGC this week.
- OVL's financial powers may get 10-fold boostMinistry sources said the plan on the drawing board envisages giving ONGC Videsh powers to decide investments of up to Rs 3,000 crore.
- OVL to quit Sudan block, writes off $90 mnONGC Videsh Ltd, flagship explorer ONGC’s overseas investment arm, is quitting a prospective acreage in the African nation and writing off ...
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