OVL reaps Rs 700-cr gain on Euro bonds issue

Last Updated: Sunday, September 6, 2015, 12:50

ONGC Videsh Ltd, the overseas arm of state explorer Oil and Natural Gas Corp (ONGC), has made a gain of about Rs 700 crore on a Euro loan it had raised to finance its Mozambique acquisition.

OVL seeks exploration licence extension for Vietnam oil block

Last Updated: Tuesday, August 25, 2015, 17:59

OVL has applied to the Vietnamese authorities for a third extension of the exploration licence for Block 128 to maintain India's strategic interest in the South China Sea, a company official said.

OVL shortlisted for Mexican oil bid round

Last Updated: Sunday, August 23, 2015, 12:27

According to Mexico's National Hydrocarbons Commission, 14 bidders have been pre-qualified for the second phase of the Round One tender, the country's first licensing round in 88 years.

OVL not to exit Vietnam block despite poor prospectivity

Last Updated: Sunday, July 12, 2015, 12:26

OVL has decided to seek a third extension of exploration licence for Block 128 to maintain India's strategic interest in the South China Sea, a top official said.

PM launches OVL oil block project in Kazakhstan

Last Updated: Tuesday, July 7, 2015, 21:03

Prime Minister Narendra Modi today launched maiden drilling by ONGC Videsh Ltd in the Satpayev oil block of Kazakhstan where the Indian firm is investing USD 400 million.

ONGC Videsh posts 57% drop in net profit at Rs 1,904 cr in FY15

Last Updated: Monday, May 25, 2015, 21:39

ONGC Videsh Ltd, the overseas arm of state explorer Oil and Natural Gas Corp (ONGC), Monday reported a 57.16 percent fall in its net profit at Rs 1,904 crore in FY 2014-15, mainly due to lower oil prices.

ONGC, its partners developing LNG terminal in Mozambique

Last Updated: Monday, May 18, 2015, 18:31

In a step towards start of gas production from its giant Mozambique gas fields, state-owned ONGC and its partners have awarded contract for development of an onshore LNG terminal.

OVL in talks to acquire stake in 2 Siberian oilfields

Last Updated: Wednesday, March 11, 2015, 15:53

While the Minister did not name the fields, sources said OVL was in talks for a stake in Vankor and Yurubcheno-Tokhomskoye fields.

OVL wants to dip into RIL payments to clear Venezuelean dues

Last Updated: Wednesday, December 17, 2014, 15:17

OVL, the overseas investment arm of state-run explorer Oil and Natural Gas Corp (ONGC), holds 40 per cent stake in the San Cristobal oil project in Venezuela.

ONGC Videsh wins oil block in New Zealand

Last Updated: Tuesday, December 9, 2014, 19:14

ONGC Videsh Ltd, the overseas investment arm of India's biggest energy explorer, has won an offshore oil and gas block in New Zealand, the first domestic firm in this sector to have made it in that country.

PESB invites fresh applications for Oil India top post

Last Updated: Tuesday, December 9, 2014, 16:56

Government headhunters PESB has invited fresh applications for the top job at Oil India Ltd after it found none of previous six applicants, including the firm's Director (Finance) R S Borah, suitable.