Last Updated: Sunday, September 8, 2013, 11:53
The deal transferring the stake in the Kashagan offshore oilfield was signed on Saturday during the visit of Chinese President Xi Jinping to the energy-rich Central Asian nation, industry sources said.
Last Updated: Monday, August 26, 2013, 11:26
With this, OVL has snapped up deals worth over USD 11 billion since September last year as it works to tackle rising energy needs of the country with takeovers abroad.
Last Updated: Sunday, August 25, 2013, 15:40
The company had on June 25 announced buying Videocon's 10 percent stake in the same field, which may hold as much as 65 Trillion cubic feet (Tcf) of gas resources, along with Oil India Ltd (OIL) for USD 2.475 billion.
Last Updated: Tuesday, July 23, 2013, 15:20
While Tripathi and Sarraf are considered top contenders, ONGC Director (Exploration) Narendra Kumar Verma, 54, could be a dark horse in the race for the top job at India's most profitable company.
Last Updated: Wednesday, July 3, 2013, 15:40
OVL on Wednesday said its USD 5 billion bid to buy a stake in Kazakhastan's biggest oilfield has been blocked by the central Asian nation.
Last Updated: Tuesday, June 25, 2013, 13:40
The acquisition of the stake in Mozambique's offshore Area 1 may hold as much as 65 Trillion cubic feet (Tcf) of gas resources.
Last Updated: Sunday, May 26, 2013, 13:30
In a major fillip to India's energy security efforts, OVL last month resumed crude oil production from South Sudan oilfields, company's Managing Director Dinesh K Sarraf said here.
Last Updated: Wednesday, May 22, 2013, 12:26
Net profit in 2012-13 at Rs 3,929 crore was 44.4 percent higher than Rs 2,721 crore in the previous fiscal, the company said in a statement.
Last Updated: Wednesday, May 15, 2013, 23:36
The Exploration License for Block 06.1 was acquired by OVL in 1988. OVL holds 45 percent in the block.
Last Updated: Sunday, April 21, 2013, 18:05
The lobby firm, Patton Boggs LLP, has submitted its registration with the US Senate for lobbying on behalf of ONGC Videsh Ltd (OVL), shows the Congressional records of lobbying disclosure reports.
Last Updated: Wednesday, February 20, 2013, 15:53
OVL-OIL combine, however, find Videocon's asking price too high and are in the processing of doing a due diligence.
Last Updated: Sunday, January 13, 2013, 18:25
The first well in the Carabobo field of Venezuela's oil-rich Orinoco Belt a few days back began pumping extra-heavy crude, official sources said.
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