Last Updated: Wednesday, January 15, 2014, 21:46
After securing almost a third of a giant gas field in Mozambique, India Wednesday pitched for buying most of the natural gas from the project to feed its starving power plants back home.
Last Updated: Tuesday, January 14, 2014, 19:03
Oil-rich Sudan Tuesday offered ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, two oil and gas blocks as India looks to strengthen energy ties with the African nation.
Last Updated: Tuesday, January 14, 2014, 18:30
ONGC Videsh (OVL), the overseas investment arm of state explorer Oil and Natural Gas Corp, is in talks with Petrobras to buy a stake in the Libra pre-salt project in Brazil, its managing director D.K. Sarraf said.
Last Updated: Wednesday, January 8, 2014, 14:17
ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) have completed the acquisition of Videocon Group's 10 percent stake in a giant Mozambique gas field for USD 2.475 billion, the companies said Wednesday.
Last Updated: Tuesday, December 31, 2013, 17:27
Oil production in South Sudan has slumped by about 15 percent since fighting erupted more than two weeks ago, industry sources said Tuesday.
Last Updated: Tuesday, December 31, 2013, 14:44
ONGC Videsh Ltd, the overseas arm of state-owned Oil & Natural Gas Corp (ONGC), has completed acquisition of an additional 12 percent stake in a Brazilian oilfield for USD 561 million after blocking a Chinese entry.
Last Updated: Monday, December 23, 2013, 18:31
India Monday evacuated all its oil employees from strife-torn South Sudan and shut down oilfields amid escalating violence in the world's youngest nation.
Last Updated: Tuesday, December 10, 2013, 23:11
OVL has been evaluating oil and gas exploration and production (E&P) opportunities in Ecuador for last one year.
Last Updated: Friday, December 6, 2013, 13:29
Cairn India Ltd has bid for one oil and gas exploration block in Sri Lanka while ONGC Videsh did not bid for any of the 13 blocks on offer in that country mainly due to poor prospectivity.
Last Updated: Sunday, November 24, 2013, 16:36
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), is looking to buy a stake in US supermajor Chevron's USD 4.3 billion Block B gas project in Vietnam.
Last Updated: Friday, November 22, 2013, 13:30
Oil and Natural Gas Corporation Ltd (ONGC) has said subsidy burden is now almost becoming backbreaking, hinting subsidy bill for the upstream oil and gas major may swell.
Last Updated: Thursday, November 21, 2013, 17:37
Vietnam has offered to give ONGC Videsh Ltd five offshore oil and gas exploration areas without bidding, in a move to counter China's influence in the region.
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