OVL
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November 11, 2020, Wednesday
ONGC Videsh signs agreements to acquire FAR stake in Senegal blocks
OVL will acquire 13.6667 per cent participating interest for an upfront consideration of $45 million and contingent payments ...
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July 18, 2020, Saturday
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 ...
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September 02, 2019, Monday
ONGC overseas arm seeks 2-year extension to explore Vietnamese oil block
Officials said OVL has applied for a sixth extension to explore Block-128, the licence for which was valid till June 15, 2019
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September 01, 2019, Sunday
OVL, partners may buy 49% stake in Vankor oilfields during Modi-Putin meet
Indian firms have been in dialogue with Russia since 2017 for a possible stake in the oilfields that will consolidate their ...
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January 05, 2019, Saturday
ONGC Videsh makes second oil discovery in Colombia; to drill more wells
The company now plans to drill more exploratory wells to chase this important Cretaceous clastic corridor in immediate future
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September 18, 2018, Tuesday
ONGC Videsh to exit Kazak's profitless Satpayev oil block
Satpayev was OVL's entry into hydrocarbon-rich Kazakhstan
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February 25, 2018, Sunday
ONGC Videsh drops plan to build $5-bn LNG export facility in Iran
OVL has now agreed to do just the upstream field development part, leaving the marketing of the fuel to Iran
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May 02, 2017, Tuesday
Sudan rejects licence extension to OVL; seeks higher royalties and taxes
The licence for Block 2B expired last November and an automatic 5-year extension is available
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January 03, 2017, Tuesday
ONGC Videsh qualifies to bid for Iran oil, gas projects
US oil services provider Schlumberger Ltd was also among those identified, according to NIOC website
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October 31, 2016, Monday
OVL completes acquisition of 11% add'l stake in Vankor
The company signed a deal with Rosneft Oil Company to acquire additional 11% stake in the East Siberian field for $930 million on ...
