Oil India (OIL) is seeking more hydrocarbon concessions across the globe, including Brazil and Mexico. Among its major ventures abroad
Tag: ONGC Videsh
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OVL to pick up stake in Vietnamese block
ONGC Videsh (OVL) signed an agreement to pick up to 50 per cent stake in Petro Vietnam´s (PVEP) two exploration blocks in the South China Sea.
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OVL talks to Pemex for Mexico tie-up
ONGC Videsh (OVL) is in talks with Petroleos Mexicanos (Pemex), the national oil company of Mexico for a potential tie-up to pick up equity in exploration and production assets in the Latin American nation.
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New Director-Exploration at OVL
Anil Bhandari has taken over as Director (Exploration) of ONGC Videsh (OVL), the overseas arm of state-owned Oil and Natural Gas Corp (ONGC). An M Tech in Applied Geology and a PhD from the Department of Geology of Rajasthan University, Bhandari has 34 years of experience in geosciences, management and R&D. Prior to joining the board of OVL, he led the operations in Sudan as Executive Director and Country Manager.
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New Director-Exploration at OVL
Anil Bhandari has taken over as Director (Exploration) of ONGC Videsh (OVL), the overseas arm of state-owned Oil and Natural Gas Corp (ONGC). An M Tech in Applied Geology and a PhD from the Department of Geology of Rajasthan University, Bhandari has 34 years of experience in geosciences, management and R&D. Prior to joining the board of OVL, he led the operations in Sudan as Executive Director and Country Manager.
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ONGC Videsh gets 6 oil, gas blocks in Vietnam
ONGC Videsh has been offered five offshore oil and gas exploration areas by Vietnam in South China Sea. The exploration areas are in Kossor block in Uzbekistan and exploration bid has been given without bidding, ONGC said on November 21.
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OVL to buy stake in Brazil
To buy an additional 12 per cent participating interest in block BC-10 in Brazil's Campos Basin, ONGC Videsh (OVL) has signed definitive agreements. Post the deal, OVL's share in the acreage would increase to 27 per cent. In the deep water block, this is part of the sale of 35 per cent share made by Petrobras. In 2006, OVL had acquired 15 per cent interest in the Campos Basin.
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OVL, OIL to share Videocon stake equally
The 10 per cent stake in Videocon Group's giant Mozambique gas field bought by ONGC Videsh (OVL) and Oil India for $2.475 billion will be shared equally. OVL, the overseas arm of State-owned Oil and Natural Gas Corp (ONGC) and OIL had jointly bought Videocon Group's 10 per cent interest in the Rovuma Area-1 for $2.475 billion.
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ONGC Videsh to buy 12% in Brazil’s BC-10 block
To buy an additional 12 per cent participating interest in block BC-10 in Brazil's Campos Basin, ONGC Videsh has signed definitive agreements. Post the deal, OVLÂ’s share in the acreage would increase to 27 per cent, the Indian government firm said on October 14.
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OVL bars Chinese firm from buying state in Brazilian oilfield
Indian-government owned ONGC Videsh (OVL) has blocked a Chinese company from acquiring a stake in the Brazilian oilfields by utilising its pre-emptive right. The Brazilian State-owned Petrobras had planned to sell its 35 per cent state in block BC-10 in the Campos Basin to the Chinese Sinochem group for $1.54 billion. OVL, has a 15 per cent stake in BC-10, along with Royal Dutch Shell company.