OVL

US names IOC & ONGC firms doing biz with Iran

US has named IOC and ONGC among 41 firms for having ties with Iran which could attract sanctions.

Cabinet sanctions OVL`s investment in 2 Nigerian blocks

India has sanctioned funding of $359 million to ONGC Videsh Ltd, overseas arm of ONGC Ltd, for the execution of the first exploration phase in two Nigerian deepwater blocks.

OVL joins hands with Raspol, Petronas for Venezuelan fields

Oil and Natural Gas Corporation has replaced Reliance Industries with Repsol YPF SA, Spain`s biggest oil company, and Malaysia`s Petronas to bid for Venezuelan oil blocks next month.

OVL pulls out of exploration block in Sudan

ONGC Videsh Ltd, the overseas arm
of state-run Oil and Natural Gas Corporation, has pulled out
of an exploration block in Sudan.

Govt okays $149.46 mn investment in OVL`s Vietnam project

The government on Thursday authorised ONGC Videsh Ltd`s USD 149.46 million investment plan to further develop its gas field project in Vietnam on the condition that the company arranges funds of its own.

OVL expects output from Brazil at 40,000 bpd by year-end

ONGC Videsh Ltd expects output at its deep-sea project in Brazil to rapidly rise to 40,000 barrels per day by the year-end and offset the natural declines that have set in its Russian and Sudan projects.

OVL, partners drop plans to develop oil field in Iran

ONGC Videsh Ltd and its partners Indian Oil Corporation and Oil India Ltd have dropped plans to develop an oil field in Iran after the discovery was found to be commercially unviable.

OVL, partners drop plans to develop oil field in Iran

ONGC Videsh Ltd and its partners
Indian Oil Corporation and Oil India Ltd have dropped plans to
develop an oil field in Iran after the discovery was found to
be commercially unviable.