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US moves ONGC Videsh out of list of firms with ties to Iran

Last Updated: Wednesday, April 09, 2014, 18:09

The US administration has moved ONGC Videsh out of a list of companies known to have energy ties with Iran, but retained parent ONGC on the list, an act for which it can be sanctioned by Washington.

Better biz environment ups India ECB borrowings at $4.3 billion in Feb

Last Updated: Wednesday, April 09, 2014, 17:52

Showing signs of uptick and confidence in Indian business environment, external commercial borrowing (ECB) by Indian companies rose to USD 4.3 billion in February 2014.

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).

ONGC to invest $3 bn more in Mozambique gas field

Last Updated: Sunday, March 02, 2014, 13:00

After spending USD 4.12 billion in acquiring stake in a giant gas field in Mozambique, ONGC will invest another USD 3 billion as its share of cost of producing gas from the field and converting it into LNG.

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.

ONGC signs contracts to explore for oil, gas off Bangladesh

Last Updated: Monday, February 17, 2014, 20:52

State-run oil and gas company ONGC Videsh signed two production sharing contracts (PSC) on Monday to explore oil and gas in Bangladeshi waters.

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.