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.

Profit making PSUs may be asked to submit IPO plans to govt

Last Updated: Sunday, August 9, 2015, 11:58

Profit-making unlisted PSUs and their subsidiaries may have to submit listing plans while signing annual performance pacts with the government, a move aimed at helping the Centre garner resources and unlocking the value of many state-owned firms.

ONGC Videsh loses bid for two oil blocks in Mexico

Last Updated: Friday, July 17, 2015, 18:23

ONGC Videsh Ltd, the overseas arm of state-owned explorer Oil and Natural Gas Corp (ONGC), has lost out on its bid for two oil blocks in Mexico'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 gets parent backing for spending allowance hike

Last Updated: Friday, June 19, 2015, 00:01

State-owned Oil and Natural Gas Corporation (ONGC) today said it supports its overseas investment arm's move to seek increase in spending allowance and sees more acquisition opportunities abroad.

ONGC Videsh to invest $400 mn in Kazakhstan

Last Updated: Wednesday, June 17, 2015, 19:43

ONGC Videsh Limited (OVL), the external arm of state-run explorer Oil and Natural Gas Corporation, will invest up to $400 million for exploration activities in Kazakhstan, an official said on Wednesday.

ONGC Videsh seeks financial autonomy to invest $1 billion

Last Updated: Wednesday, June 17, 2015, 16:51

ONGC Videsh Ltd has sought greater financial autonomy to decide on investments of up to USD 1 billion (about Rs 6,400 crore) without government nod to speed up acquisition of overseas oil and gas fields.