Page 2 - Ongc Videsh

ONGC Videsh begins exploratory drilling in Bangladesh's Kanchan #1 well

The exploratory well is planned to be drilled to a depth of 4,200 metres and will be targeting two prospective formations; Kanchan #1 will be followed by drilling at two more locations

ONGC Videsh plans to raise $700 million from overseas investors

The company plans to retire old loans

India in talks with Russia for $2-3 bn investment in upstream oil assets

Tie-ups in Arctic projects also being evaluated

ONGC Videsh arm hopes for a turnaround with hike in Russian field output

In 2015, OVL started to set up this utilisation plant to extract the heavier components from Associated Gas and make value-added products

OVL-led consortium asks Iran for 30% share in Farzad B discovery

The company has written to the Iranian authority asking it to share the agreed technical proposal and contractual terms, and conditions for development

ONGC Videsh makes fourth commercial oil find in its Colombian block

OVL is the operator in the block with a 70 per cent stake, along with its partner Geopark

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 payable annually

Non-payment of dues forces ONGC to withdraw from Sudan oil fields

ONGC Videsh (OVL), the overseas investment arm of the state-owned firm, as also its Chinese partner CNPC and Malaysia's Petronas have withdrawn from the block, a top company official said

CBI charges Videocon's Venugopal Dhoot, bankers with 'criminal conspiracy'

Dhoot has been earlier booked by the CBI in the Videocon-ICICI bank loan case.

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 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

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 presence in the energy-rich Arctic region

ONGC lines up Rs 83,000 crore investment for 25 new oil, gas projects

Cumulative oil and gas gain from around 15 of these projects is expected to be over 180 Million Metric tons of Oil equivalents (MTOE) in their life cycle

No proposal before us to list ONGC Videsh, says Dharmendra Pradhan

On December 21 last year, the board of ONGC had raised the red flag to a move by the Di­p­am for listing OVL

No demand from govt to reconsider ONGC Videsh listing: CMD Shashi Shankar

The government owns 67.45 per cent in ONGC. If ONGC were to declare entire proceeds of OVL listing as a special dividend, the government would get 67.45 per cent of the amount

Citing China & Japan, ONGC Videsh seeks sovereign fund for foreign buys

The overseas subsidiary of Oil and Natural Gas Corporation (ONGC) has submitted the proposal to the petroleum ministry

I-T department slaps ONGC Videsh with Rs 76.66-billion service tax demand

Sources said OVL believes that no service tax is due or payable and is contesting the demand

Sudan asks ONGC Videsh to withdraw case on unpaid oil dues of over $400 mn

While payment of 11 half-yearly installments due till December 2010 was received from the government of Sudan, remaining seven installments due from June 30, 2011, to June 30, 2014

ONGC Videsh may decide on investment plans in Iran after India-US meet

Iran has also agreed to take the entire gas produced from Farzad-B offshore field to a landfall point

ONGC Videsh to acquire 15 per cent stake in Namibia block

Eco is currently the operator of the License and Tullow shall acquire another 15 per cent participating Interest