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OVL inks deal with Russia's Rosneft to explore hydrocarbons

Last Updated: Sunday, May 25, 2014, 14:58

ONGC Videsh Ltd (OVL), the overseas arm of the state-owned explorer ONGC, has signed a deal with Russia's largest oil and gas producer Rosneft to jointly explore hydrocarbons in the offshore Arctic.

ONGC Videsh logs 13.1% profit growth in 2013-14 fiscal

Last Updated: Tuesday, May 20, 2014, 21:27

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), Tuesday reported a 13.1 percent jump in 2013-14 net profit on the back of higher output.

OVL to raise Rs 5,190 cr loans to meet capex in FY15

Last Updated: Tuesday, May 13, 2014, 16:07

ONGC Videsh Ltd has planned capital expenditure of Rs 14,792 crore.

OVL to bid for oil and gas block in Tanzania

Last Updated: Sunday, May 11, 2014, 14:10

Tanzania is offering eight blocks in its fourth Offshore Licensing Round, bids for which close on May 15.

ONGC's Mozambique gas field holds larger reserves at 50-70 tcf

Last Updated: Tuesday, May 06, 2014, 18:58

Oil and Natural Gas Corp's (ONGC) giant gas field in Mozambique holds 50 to 70 trillion cubic feet (Tcf) of recoverable reserves, 43 percent more than the minimum estimated resources when it invested USD 4.12 billion.

Kazakhstan offers oil field to ONGC Videsh

Last Updated: Sunday, May 04, 2014, 14:22

Nearly a year after it blocked India's USD 5 billion deal to take stake in Kashagan oilfield, Kazakhstan has offered ONGC Videsh Ltd a stake in a medium sized Abai oil block in the Caspian Sea.

ONGC Videsh's crude oil output jumps 26% in 2013-14

Last Updated: Sunday, April 20, 2014, 12:22

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), has reported a 26 percent jump in crude oil production in 2013-14 as recent acquisitions offset a natural decline in older fields.

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.