ONGC Videsh signs pact to evaluate opportunities in Ecuador

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.

Cairn India bids for one block in Sri Lanka; OVL skips

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.

RIL, OVL bid for oil blocks in Myanmar

Last Updated: Sunday, December 1, 2013, 13:06

Cairn India, which was among the 61 firms pre-qualified to bid for 11 shallow water and 19 deep water blocks on offer in an international tender, however, did not bid.

OVL eyes Chevron's gas block in Vietnam

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.

OVL acquires two oil blocks in Bangladesh

Last Updated: Friday, October 18, 2013, 20:49

OVL followed this by buying another 10 percent from Anadarko of US for USD 2.64 billion.

Govt approves OVL-OIL buying 20% stake in gas field

Last Updated: Friday, October 4, 2013, 17:24

The government has approved ONGC Videsh Ltd and its partner Oil India Ltd acquiring a total of 20 percent stake in a giant offshore gas field in Mozambique for over USD 5 billion.

CCEA okays OVL, OIL deal to buy 20% stake in Mozambique field

Last Updated: Thursday, October 3, 2013, 22:11

Mozambique gas field is estimated to hold as much as 65 trillion cubic feet of gas.

ONGC Videsh Ltd expresses interest to bid for Tanzania blocks

Last Updated: Thursday, September 26, 2013, 15:34

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, has expressed interest in bidding in the next round of licensing for offshore and onshore oil/gas blocks in Tanzania.

OVL mulls raising stake in $20 bn Venezuela oil project

Last Updated: Tuesday, September 24, 2013, 15:18

OVL, which has 11 percent stake in the project that will produce 400,000 barrels per day of oil (20 million tonnes) in four years, is looking at buying a similar stake that Malaysia's Petronas has decided to give up in the project.

OVL in race to buy massive offshore oil block in Brazil

Last Updated: Friday, September 20, 2013, 21:36

OVL is among the companies that paid a 2 million Brazilian reals (USD 886,014) fee and submitted documents to participate in Brazil's bid round for the massive Libra pre-salt block.

ONGC blocks Chinese bid, to buy stake in Brazilian oilfield

Last Updated: Wednesday, September 18, 2013, 12:15

While the Indian firm will pick up 12.08 percent stake, the remaining 23 percent will go to Shell.

ONGC mulls buying Petronas stake in Venezuela

Last Updated: Tuesday, September 10, 2013, 21:56

ONGC Videsh Ltd, the overseas arm of state-owned Oil & Natural Gas Corp (ONGC), and its partners OIL and IOC are mulling buying 11 percent stake that Malaysia's Petronas has decided to give up in a USD 20 billion oil project in Venezuela.