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Construction & Infrastructure News

OVL seeks oil in lieu of $537 million due from Venezuela

September 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 ...

ONGC Videsh Ltd, ONGC, Crude oil, Venezuelan oilfield, San Cristobal field, PDVSA, Petroleos de Venezuela SA, Orinoco Heavy Oil belt

India tries to recover $600 mn dues from Venezuela

September 2016

India has discussed ways to recover over $600 million of past dues from Venezuela including recouping it from payments for oil it imports from the La...

ONGC Videsh Ltd, San Cristobal oilfield, Petroleos de Venezuela SA, Dharmendra Pradhan, Delcy Rodriguez, Eulogio del Pino, Venezuela

Sudan offers OVL 3 more oil & gas blocks for exploration

February 2016

Sudan has offered ONGC Videsh Ltd three more oil and gas blocks for exploration and production and invited Indian firms to set up a coastal refinery ...

ONGC Videsh Ltd, Sudan, Coastal Refinery, Fuel, GNOP, Mohamed Zayed Awad, Oil & Gas Blocks

OVLs $1.26 bn stake in Russias field

January 2016

ONGC Videsh recently acquired a 15 per cent stake in Russia´s Vankor oilfield for $1.26 bn. The overseas arm of ONGC will get 4 m tonne of oil and eq...

ONGC Videsh, Russia´s Vankor oilfield, Vankor oil and gas condensate field, Mozambique´s offshore Rovuma

Nod to OVL, OIL to buy 20% in Mozambique oil block

October 2013

The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of the Ministry of Petroleum and Natural Gas to authorise ONGC Videsh (OVL...

Cabinet Committee on Economic Affairs, Ministry of Petroleum and Natural Gas, ONGC Videsh, Oil India, Rovuma Area 1, Offshore Block, Mozambique

OVL buys stakes in US firm Hess Corp for $1-billion

April 2013

Indian-government owned ONGC Videsh (OVL) has completed acquisition of stakes in US energy firm Hess Corporation for $1-billion. The stakes are in oi...

ONGC Videsh, acquisition, stakes, Hess Corporation, Chirag, Guneshli fields

Russia's Rosneft offers stake in field to OVL

October 2012

Russia's Rosneft has offered a stake in its field to ONGC Videsh, even as the ONGC's overseas investment arm has qualified in the race for bu...

Russia, Rosneft, ONGC Videsh, ConocoPhillips, Yury Sentyurin, DK Sarraf
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