Ovl

Iran Wants India To Pay Three Times Gas Price For Awarding Block To OVL: Report

Business | Press Trust of India | Monday May 15, 2017

Sources said that since the lifting of western sanctions, Iran is playing hardball over award of the field which was discovered by OVL.

ONGC Submits Revised Plan For Farzad Gas Field In Iran

Business | Thomson Reuters | Tuesday April 4, 2017

ONGC Videsh expects to produce between 1 billion and 1.6 billion cubic feet per day of gas in five years from the start of development of the block.

ONGC's $2.4-Billion Mozambique Deal Under Oil Ministry Scanner

Business | Press Trust of India | Sunday February 12, 2017

Government officials said the ministry has over the past few months asked the company to provide several details of the deal including the basis of the valuation.

ONGC Videsh Raises $1 Billion In Bonds To Fund Vankor Acquisition

Business | Press Trust of India | Sunday December 18, 2016

ONGC Videsh Ltd (OVL) has raised $1 billion through a US dollar bonds issue to finance its acquisition of 15 per cent stake in Russia's second biggest oil field Vankor, its Managing Director Narendra K Verma said.

ONGC Videsh To Provide $318 Million Financing Guarantee To Venezuela

Business | Press Trust of India | Monday November 7, 2016

OVL, the overseas arm of state-owned ONGC, owns 40 per cent of Venezuela's San Cristobal oilfield and had invested about $190 million in the project in 2008. State-run Petroleos de Venezuela SA (PDVSA) holds the remaining stake.

Rosneft Closes Deal To Sell 11% Vankor Stake To ONGC For $930 Million

Business | Thomson Reuters | Friday October 28, 2016

ONGC's stake in the project reached 26% following the deal, the Russian oil giant said.

ONGC Says Venezuela's National Oil Company To Supply Oil

Business | Thomson Reuters | Thursday October 27, 2016

ONGC Videsh Ltd invested $190 million in 2009-10 in the San Cristobal project in Venezuela.

Oil India-Led Consortium Eyes Stake In Russian Oilfield: Report

Business | Press Trust of India | Wednesday October 12, 2016

Russia's Rosneft wants to retain a majority stake and is keen to sell only up to 49 per cent stake.

ONGC Videsh To Raise $900 Million Bridge Loan To Finance Vankor Buy

Business | Press Trust of India | Tuesday October 11, 2016

ONGC Videsh Ltd (OVL) will raise a bridge loan of close to $900 million overseas to fund acquisition of an additional 11 per cent stake in Russia's Vankor oilfield.

Oil India Consortium Completes Over $3-Billion Stake Buy In Russian Fields

Business | Press Trust of India | Wednesday October 5, 2016

OIL, Indian Oil Corp and a unit of Bharat Petroleum Corporation (BPCL) bought a 29.9 per cent stake in the Taas-Yuryakh oilfield in East Siberia for $1.12 billion, and another 23.9 per cent in the Vankor oilfield for $2.02 billion.

ONGC Videsh's Additional 11% Vankor Stake Buy Gets Cabinet Nod

Business | Press Trust of India | Wednesday October 5, 2016

OVL, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), had in May this year completed acquisition of 15 per cent stake in Vankor oil field for $1.28 billion.

ONGC Videsh Slapped With Service Tax Demand Of Rs 6,100 Crore

Business | Press Trust of India | Tuesday September 20, 2016

The Tax Department has slapped a service tax demand of over Rs 6,100 crore on the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), a move that may potentially render its investments in oil and gas fields abroad infructuous.

ONGC Videsh Seeks Oil In Lieu Of $537 Million Due From Venezuela: Report

Business | Press Trust of India | Sunday September 18, 2016

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), is seeking $537 million worth of crude oil in lieu of cash due for its share of sales from a Venezuelan oilfield.

ONGC Videsh, Rosneft Sign Pact To Up Stake In Russia's Vankorneft

Business | Press Trust of India | Wednesday September 14, 2016

ONGC Videsh Ltd on Wednesday signed an agreement to raise stake in Russia's Vanok oil field by 11 per cent to 26 per cent for about $930 million.

OVL Gets 1-Year Extension For Exploring Vietnamese Oil Block: Report

Business | Press Trust of India | Tuesday August 23, 2016

OVL had in May applied to the Vietnamese authorities for a fourth extension of the exploration licence for the deepsea block to maintain India's strategic interest in the South China Sea.