Page 2 - Ongc Videsh Ltd
Revamp not to impact biz; in talks with global cos for large fields: ONGC
ONGC plans to acquire much larger acreage via open acreage licensing policy
 "Revamp not to impact biz; in talks with global cos for large fields: ONGC")
India set to lose Farzad-B gas field as Iran looks at domestic firms
OVL and its partners had offered to invest up to $11 billion for development of the discovery, which was later named Farzad-B
 "India set to lose Farzad-B gas field as Iran looks at domestic firms")
India may remain invested in Farzad-B without development rights: Report
Farzad-B, which was discovered by OVL in the Farsi block about 10 years ago, had in-place gas reserve of 21.7 trillion cubic feet, of which 12.5 Tcf is believed to be recoverable
 "India may remain invested in Farzad-B without development rights: Report")
Cabinet okays additional investment of $121 mn by ONGC Videsh in Myanmar
The CCEA, chaired by Prime Minister Narendra Modi, approved the additional investment for the Shwe oil and gas project in Myanmar blocks
 "Cabinet okays additional investment of $121 mn by ONGC Videsh in Myanmar")
ONGC Videsh Ltd makes two new oil discoveries in Colombia, Brazil
OVL said in Brazil, well Moita Bonita-2 encountered natural gas reserves at water depth of 2.6 kilometers
 "ONGC Videsh Ltd makes two new oil discoveries in Colombia, Brazil")
OVL FY19 net profit soars 71% on 8% growth in overseas oil production
The overseas investment arm of ONGC showed a turnover rise to 40.5 per cent to Rs 14,632 crore
 "OVL FY19 net profit soars 71% on 8% growth in overseas oil production")
PMO seeks white paper on OVL , future strategy so as to maximise returns
The government had on previous occasions looked at hiving off the highly successful OVL from its parent and monetising it by listing the firm on domestic or international bourses
 "PMO seeks white paper on OVL , future strategy so as to maximise returns")
Not the right time for listing, looking for better value, says ONGC Videsh
The government had last month asked ONGC to list its overseas investment arm OVL on stock exchanges and transfer proceeds to it in the form of a special dividend
 "Not the right time for listing, looking for better value, says ONGC Videsh")
ONGC Videsh offers to invest $6.2 bn in Iran's giant Farzad-B gas field
OVL had last year made its 'best' offer to spend USD 11 billion in developing the Farzad-B field as well as in building the infrastructure to export the gas
OVL buys 15% stake in Namibia offshore block from Tullow Oil
The fresh acquisition would strengthen its partnership with Tullow and its other partners and would mark the consolidation of interest in Namibian offshore.
 "OVL buys 15% stake in Namibia offshore block from Tullow Oil")
ONGC Videsh Apr-Sept net up 15% to Rs 280 cr on higher oil, gas production
Gas output rose 17.6 per cent to 2.2 billion cubic meters
 "ONGC Videsh Apr-Sept net up 15% to Rs 280 cr on higher oil, gas production")
