ONGC Videsh Ltd (OVL), the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), wants $537 million worth of crude oil in lieu of cash due for its share of sales from Venezuelan oilfield. OVL owns 40 per cent of the San Cristobal field and invested $190 million in 2008.
Tag: ONGC
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ONGC approves stake in GSPC gas block
The board of state-owned Oil and Natural Gas Corp (ONGC) has approved signing of a preliminary agreement for buying a stake in Gujarat government firm GSPCÂ’s KG basin gas block, reports Business Line.
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OVL seeks oil in lieu of $537 million due from Venezuela
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 its share of sales from a Venezuelan oilfield. OVL owns 40 per cent of the San Cristobal field and had invested about $190 million in the project in 2008.
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ONGC seeks buyers for deep-water field in KG Basin
Oil and Natural Gas Corporation (ONGC) is seeking buyers for gas from a new deepwater field in the KG Basin, which will be the first to supply under the new policy that allows companies to charge a much higher rate for output from challenging fields.
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ONGC, HPCL may sell stake in MRPL
State-owned ONGC and Hindustan Petroleum Corp Ltd (HPCL) may sell a part of their stake in Mangalore Refinery and Petrochemicals Ltd (MRPL) to comply with regulations on minimum public holding.
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ONGC gets green panel nod in Tripura
The Centre´s green panel has given approval to ONGC for developing 30 wells and other infrastructure in Tripura, with investment of Rs.758 crore.
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Will protect ONGC´s interest in row: Pradhan
Oil Minister Dharmendra Pradhan has vowed to protect government and ONGC´s interest on the issue of its natural gas from Bay of Bengal
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Intellectuals Aboard
More than a year after it sacked three UPA-appointed independent directors on ONGC board, the government has appointed ex-IFS Ajai Malhotra
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ONGC targets $10-$12 bn foreign oil and gas investments
The foreign investment arm of India´s top oil explorer ONGC is targeting $10-$12 billion of oil and gas asset purchases over the next three years, including more corporate acquisitions, its managing director said.
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ONGC tender flooded with offers
State-run Oil and Natural Gas Corp (ONGC) has been swamped with offers in a tender it floated for hiring five deep sea rigs for its KG-basin gas block campaign.