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ONGC Videsh to get stake in Myanmar oil and gas block

Last Updated: Tuesday, April 08, 2014, 16:57

OVL had bid for two of the 10 shallow-water blocks that Myanmar had auctioned in December but drew a blank when the fields were awarded on March 26.

Bhandari takes over as ONGC Videsh director of exploration

Last Updated: Tuesday, March 18, 2014, 18:50

Anil Bhandari has taken over as Director (Exploration) of ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC).

OVL completes 10% stake acquisition in Mozambique gas field

Last Updated: Saturday, March 01, 2014, 00:49

In a statement, OVL said it has bought a 10 percent stake in the Rovuma Area 1 offshore gas field from Anadarko Petroleum Corp of US.

OVL raises $2.5 bn in foreign loans to fund Mozambique buy

Last Updated: Wednesday, February 12, 2014, 21:29

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), has raised USD 2.5 billion in foreign loans to fund its acquisition of 10 percent stake in a giant Mozambique gas field.

Rosneft offers stake in 10 offshore blocks to OVL

Last Updated: Friday, February 07, 2014, 17:30

"Rosneft, Russian exploration and production company, has offered nine exploration offshore blocks in Barents Sea and one in Black Sea to OVL," she said in a written reply to a question.

Par Panel seeks review of OVL's Imperial Energy acquisition

Last Updated: Thursday, February 06, 2014, 18:21

A Parliamentary Committee has sought a review of ONGC Videsh Ltd's USD 2.1 billion acquisition of Russia-focused Imperial Energy after production and oil reserves turned out to be way below projections made prior to the purchase.

India seeks LNG from Mozambique

Last Updated: Wednesday, January 15, 2014, 21:46

After securing almost a third of a giant gas field in Mozambique, India Wednesday pitched for buying most of the natural gas from the project to feed its starving power plants back home.

Sudan offers ONGC Videsh two oil and gas blocks

Last Updated: Tuesday, January 14, 2014, 19:03

Oil-rich Sudan Tuesday offered ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, two oil and gas blocks as India looks to strengthen energy ties with the African nation.

ONGC Videsh completes acquisition of 12% stake in Brazil oil field

Last Updated: Tuesday, December 31, 2013, 14:44

ONGC Videsh Ltd, the overseas arm of state-owned Oil & Natural Gas Corp (ONGC), has completed acquisition of an additional 12 percent stake in a Brazilian oilfield for USD 561 million after blocking a Chinese entry.

India shuts down South Sudan oilfields, evacuates employees

Last Updated: Monday, December 23, 2013, 18:31

India Monday evacuated all its oil employees from strife-torn South Sudan and shut down oilfields amid escalating violence in the world's youngest nation.

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.

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.