Petrovietnam, ONGC Videsh sign oil exploration pact

Last Updated: Thursday, November 21, 2013, 09:02

The exploration pact between Petrovietnam and ONGC Videsh Ltd would allow activities in Vietnam, India as well as in a third country.

ONGC, Cairn to jointly bid for Sri Lankan blocks

Last Updated: Wednesday, November 6, 2013, 19:01

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), and Cairn India Ltd are likely to bid jointly for oil and gas blocks in Sri Lanka.

ONGC Videsh pulls out of Brazilian oilfield auction

Last Updated: Tuesday, October 22, 2013, 18:24

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, pulled out of an auction of USD 184 billion oilfield in Brazil after it could not stitch an alliance to bid for the giant project.

ONGC Videsh, Oil India to split Videocon stake equally

Last Updated: Sunday, October 20, 2013, 12:51

ONGC Videsh (OVL) and Oil India will split equally the 10 percent stake they acquired in a giant Mozambique gas field from Videocon Group for USD 2.475 billion.

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.

OVL not to exercise pre-emption rights in Venezuela oil project

Last Updated: Wednesday, October 16, 2013, 11:43

A consortium of ONGC Videsh, Indian Oil and Oil India has decided against buying 11 percent stake that their partner Petronas of Malaysia is selling in a USD 20 billion oil project in Venezuela.

ONGC signs MoU with Venezuelan firm

Last Updated: Thursday, October 10, 2013, 22:13

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), Thursday said it has signed an MoU with Venezuelan state oil firm PdVSA for cooperation in oil-rich Faja area of the Latin American nation.

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.

ONGC Videsh to borrow record $4 bn for Mozambique stake

Last Updated: Wednesday, September 25, 2013, 16:03

OVL and Oil India Ltd (OIL) are jointly buying a 10 percent stake in Mozambique's offshore Rovuma Area 1.

ONGC identifying more blocks to buy stake in Kazakhstan

Last Updated: Wednesday, September 25, 2013, 13:56

State explorer Oil and Natural Gas Corp is in the process of identifying more oil and gas blocks in Kazakhstan in which it could buy stakes, the head of its overseas unit ONGC Videsh said.