Search results for: ONGC Videsh

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  • 27 November 2013
    Business & Finance

    India’s ONGC Videsh has signed Memorandum of Understanding with Petrovietnam (PVN) to promote the joint cooperation in hydrocarbon sector in Vietnam, India and other countries.   The MOU signing was witnessed by Prime Minister of India and Secretary General of Communist Party of Vietnam .The MOU was signed by D.K. Sarraf, CEO & MD of […]

  • 16 September 2014
    Business & Finance

    India’s ONGC Videsh Limited and Vietnam’s PetroVietnam have signed a Letter of Intent (LOI) on 15th September 2014 to participate in the exploration of oil & gas in the offshore Vietnam The Letter of Intent (LOI) was signed by Narendra K. Verma, MD & CEO on behalf of ONGC Videsh and Dr Do Van Hau, […]

  • 4 July 2017

    India’s ONGC Videsh is set to buy a share in an exploration licence offshore Namibia. The company on Tuesday said it had reached a binding agreement with Tullow Oil to buy 30 percent interest in Namibia Petroleum Exploration License 0037 for Blocks 2112A, 2012B and 2113B out of Tullow’s existing participating interest of 65% in […]

  • 16 October 2019

    ONGC Videsh, international business of the Indian oil company ONGC, has announced two discoveries in Brazil and Colombia.

  • 26 May 2014
    Business & Finance, Project & Tenders

    Rosneft and ONGC Videsh have signed a Memorandum of Understanding at the St. Petersburg International Economic Forum, in the presence of Vladimir Putin, President of the Russian Federation.

  • 26 May 2014
    Business & Finance, Project & Tenders

    Igor Sechin, President and Chairman of the Management Board, Rosneft and Dinesh Kumar Sarraf, Chairman of the Board of Directors, ONGC Videsh Ltd and Chairman & Managing Director, ONGC signed a Memorandum of Understanding at the St. Petersburg International Economic Forum, in the presence of Vladimir Putin, President of the Russian Federation. The Memorandum paves […]

  • 9 July 2014

    ONGC Videsh, a unit of ONGC, has priced US$ 1.5 billion and Euro 525 million unsecured bonds in the international capital markets (bonds). These bonds are guaranteed by ONGC. The Reg S bonds will be issued in dual currency with two tranches of US$ 750 million each for 5-year and 10-year tenors respectively, and one tranche […]

  • 11 June 2013

    India’s oil and gas company ONGC Videsh Limited has withdrawn a press release issued yesterday in which the company announced it had, together with Oil India, acquired interest in the Rovuma Area 1 Offshore Block in Mozambique from the Videocon Mauritius Energy Limited. The company said that the press release got issued ‘erroneously’. “While we confirm […]

  • 9 July 2014

    India’s ONGC Videsh, the wholly-owned subsidiary of ONGC announced that it has priced $1.5 Billion and Euro 525 million ($715 million) unsecured bonds in the international capital markets (Bonds). These Bonds are guaranteed by ONGC. The Reg S Bonds will be issued in dual currency with two tranches of US$ 750 million each for 5-year […]

  • 27 August 2008

    The battle for Russian and Kazakhstan operator Imperial Energy looks like it is coming to a close with the company confirming an offer from India’s ONGC Videsh. Today Imperial said it is “finalising the terms of a possible recommended pre-conditional cash offer” with ONGC Videsh based on 1,250 pence per Imperial share, which implies a […]

  • 11 June 2013

    A press release prepared in connection with a potential definitive agreement for ONGC Videsh Limited and Oil India Limited to acquire interest in the Rovuma Area 1 Offshore Block in Mozambique from the Videocon Mauritius Energy Limited, erroneously got issued yesterday, ONGC Videsh said in a statement. “While we confirm that, we are in advanced […]

  • 31 December 2013
    Business & Finance

    This Monday, December 30th, 2013, Petrobras finalized the sale of its 35% stake in the Parque das Conchas (BC-10) offshore project for US$ 1.636 billion. In August 2013, Petrobras signed an agreement to sell its 35% stake in the block, subject to government approval and the preemptive rights of its partners. Shell and ONGC Videsh […]

  • 26 November 2012

    ConocoPhillips today announced that it has notified government authorities in Kazakhstan and its co-venturers of the company’s intent to sell its 8.4 percent interest in the North Caspian Sea Production Sharing Agreement (Kashagan) to India’s ONGC Videsh Limited. Subject to various government approvals, Kazakhstan state preemption rights and co-venturers’ preemption rights, ONGC Videsh Limited, the […]

  • 27 November 2012

    ConocoPhillips announced that it has notified government authorities in Kazakhstan and its co-venturers of the company’s intent to sell its 8.4 percent interest in the North Caspian Sea Production Sharing Agreement (Kashagan) to ONGC Videsh Limited. Subject to various government approvals, Kazakhstan state preemption rights and co-venturers’ preemption rights, ONGC Videsh Limited, the international arm […]

  • 29 August 2014
    Business & Finance

    Narendra K Verma has taken charge at India’s ONGC Videsh as its Managing Director. Verma has been Director (Exploration) of the Maharatna ONGC since April 1, 2013 after having a more than three decades long career with the oil major. Prior to joining the Board of Directors of ONGC, he was the Director (Exploration) for […]

  • 11 April 2018

    Petronet LNG, India’s largest importer of liquefied natural gas, is reportedly looking to grab a stake in Qatar’s LNG expansion projects with ONGC’s international arm, ONGC Videsh.

  • 17 April 2015

    Minister of State Petroleum & Natural Gas Dharmendra Pradhan visited Mozambique where he held meetings with his counterpart the Minister of Mineral Resources & Energy, Pedro Couto, and Foreign Minister Baloi and called on Prime Minister Agostino Rosario.

  • 17 April 2015

    Minister of State Petroleum & Natural Gas Dharmendra Pradhan visited Mozambique where he held meetings with his counterpart the Minister of Mineral Resources & Energy, Pedro Couto, and Foreign Minister Baloi and called on Prime Minister Agostino Rosario.

  • 29 November 2007

    ONGC’s wholly-owned subsidiary ONGC Videsh Ltd. (OVL) has bagged two blocks in Brazil, viz. deepwater Block 470 in the highly prospective Espirito Santo basin and shallow water Block 1413 in another highly prospective Santos basin, amid stiff competition from International companies.

  • 24 June 2014

      Ashok Varma has been named the new Director (Onshore) of Oil and Natural Gas Corporation Ltd.  Prior to his joining as Director (Onshore), he was heading the Eastern Offshore Asset at Kakinanda, where he was instrumental in putting the Eastern Offshore Asset on production. Earlier, Varma steered the Imperial Energy in Russia, a subsidiary of […]

  • 18 February 2011
    Business & Finance

    The Sri Lankan government is willing to award three hydrocarbon blocks in its northern offshore area to India’s ONGC Videsh Ltd (OVL) on … Source: Livemint [mappress] Source:Livemint, February  18, 2011;

  • 7 April 2014

    ONGC Videsh (OVL), which holds a small stake in Anadarko-operated giant gas field off Mozambique, is reportedly in negotiations with the consortium to buy liquefied natural gas. “Price is about $13-14 (per unit) as per the consortium’s pricing formula. About $1 would be additional cost for transportation etc,” The Economic Times cited OVL‘s managing director […]