ONGC Videsh Ltd

NIOC gives green light to Indian OVL to develop Farsi block

Nicosia, Nov 18 (ANI) The National Iranian Oil Company (NIOC) has formally approved the feasibility report submitted by ONGC Videsh Ltd (OVL) and its consortium partners on the discovery made in Iran's Farsi offshore block,...

Japan unlikely to swap West Asia supply for India’s Sakhalin gas

New Delhi: India’s efforts to make Japan agree to swap gas that it sources from West Asia with supplies obtained by India off the Russian coastline is unlikely to succeed. Tokyo is averse to any deal involving its neighbour...

Second Oil Discovery in Gulf of Suez

The overseas arm of Oil & Natural Gas Corp, India's biggest explorer, and IPR Energy Red Sea Inc. said they have made a second oil discovery in the Gulf of Suez off Egypt. The North Ramadan-2 reservoir produced 800 barrels of...

Need to Know | Toyota halves monthly Altis output to 1,000

Pune: The India subsidiary of Toyota Motor Corp., Toyota Kirloskar Motor Pvt. Ltd, has halved monthly production at its newly launched Corolla Altis sedan, said two vendors familiar with the situation.The firm is making 1,000...

OVL, partner strike more oil in Egypt

Our Bureau New Delhi, Nov. 13 ONGC Videsh Ltd (OVL) and its partner IPR Red Sea Inc have made a second oil discovery in the North Ramadan Concession, Gulf of Suez, Egypt. In a statement issued here, OVL, the overseas investment...

ONGC Videsh to make final offer for Imperial in 28 days

New Delhi, Nov. 11 With last of the necessary approvals in place ONGC Videsh Ltd (OVL), the overseas investment arm of ONGC, is now ready to cover the last leg to acquire LSE-listed Imperial Energy Corp Plc. A senior official told

Russia clears OVL's Imperial buy

NEW DELHI: The Russian authorities have cleared the way for the biggest overseas acquisition of an oilfield by an Indian company. Russia's Federal Anti-Monopoly Service on Tuesday posted on its website that it has cleared the...

ONGC formalizes move for uranium hunt

From ANI New Delhi, Nov.11: The Oil and Natural Gas Corporation Ltd. (ONGC) has signed an MoU with Uranium Corporation of India Ltd. (UCIL) for joint cooperation in uranium exploration and development. The MoU was signed in...

Colombia Auctions Rights to Seek, Produce Oil on 22 Areas

by Inti Landauro Dow Jones Newswires Tuesday, November 11, 2008 BOGOTA (Dow Jones Newswires), November 11, 2008 The Colombian oil licensing agency auctioned rights to seek and produce oil or gas in 22 areas across the country....

Russia clears Imperial Energy deal with ONGC Videsh

Moscow (PTI): Russia's anti-trust watchdog yesterday cleared the acquisition of UK-listed Imperial Energy by ONGC Videsh Ltd allowing the Indian energy major to close the USD 2.58 billion deal. "The Federal Anti-monopoly...

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