Ongc Videsh

Showing of 1 - 20 from 48 results
Ongc Videsh - Total results - 48
ONGC sells June-loading Russian Sokol crude at record discount as demand for oil weakens sharply: Report
Business

ONGC sells June-loading Russian Sokol crude at record discount as demand for oil weakens sharply: Report

Last month, ONGC sold a Sokol crude cargo 22-28 May at a spot premium of around $3.20 a barrel to Dubai quotes.

Narendra Modi launches 'Act Far East' policy: Here is all you need to know about proposed new trade ties with Russia
India

Narendra Modi launches 'Act Far East' policy: Here is all you need to know about proposed new trade ties with Russia

On Thursday, PM Narendra Modi launched the 'Act Far East' policy when he paid a visit to Russian prime minister Vladimir Putin in Vladivostok, Russia.

Narendra Modi in Vladivostok: India offers $1bn line of credit for development of Russia's Far East region
World

Narendra Modi in Vladivostok: India offers $1bn line of credit for development of Russia's Far East region

Prime Minister Narendra Modi, who arrived in Russia on a two-day visit on Wednesday, is the first Indian prime minister to visit to the Russian Far East Region.

OVL FY19 net profit jumps 71% at Rs 1,682 on rise in oil production; strikes oil for second time in Colombian block
Business

OVL FY19 net profit jumps 71% at Rs 1,682 on rise in oil production; strikes oil for second time in Colombian block

OVL holds a stake in 41 oil and gas assets in 20 countries spanning from Brazil to New Zealand.

Centre asks ONGC to list overseas investment arm OVL on bourses to help achieve govt disinvestment target
Business

Centre asks ONGC to list overseas investment arm OVL on bourses to help achieve govt disinvestment target

ONGC had helped the government meet its disinvestment target last fiscal when it bought a 51.11 percent stake in state-owned Hindustan Petroleum Corp Ltd (HPCL) for Rs 36,915 crore

High operating profit to help ONGC cut borrowings; free cash flow will improve financial flexibility: Moody's
Business

High operating profit to help ONGC cut borrowings; free cash flow will improve financial flexibility: Moody's

ONGC increased its borrowings by about Rs 25,000 crore in January 2018, when it acquired a 51.11 percent stake in Hindustan Petroleum Corp Ltd for Rs 36,915 crore.

ONGC Videsh-led group picks up 10% stake in Abu Dhabi's Zakum oilfield for $600 mn; deal to help UAE expand foothold in Asia
Business

ONGC Videsh-led group picks up 10% stake in Abu Dhabi's Zakum oilfield for $600 mn; deal to help UAE expand foothold in Asia

ONGC Videsh is the foreign investment arm of ONGC. Other members of the consortium are Indian Oil Corp and Bharat Petro Resources Ltd, an upstream arm of refiner Bharat Petroleum Corp.

SAIL, BSNL, Air India together account for 41% of total public sector units' losses in FY16
Business

SAIL, BSNL, Air India together account for 41% of total public sector units' losses in FY16

Some common problems for losses in CPSEs include old and obsolete plant and machinery, outdated technology, low capacity utilization, excess manpower, weak marketing strategies, stiff competition, heavy interest burden, high input cost, resource crunch etc

Next US secretary of state Rex Tillerson had advised India to explore for oil globally
Business

Next US secretary of state Rex Tillerson had advised India to explore for oil globally

Exxon Mobil chief executive Rex Tillerson flew into balmy Goa a little over a decade ago, his giant aircraft carrying loads of Evian mineral water his office had advised him to drink during his maiden India visit

ONGC Videsh raises $1 bn via overseas bonds issuance to fund Vankor acquisition
Business

ONGC Videsh raises $1 bn via overseas bonds issuance to fund Vankor acquisition

The proceeds of the issue would go to refinance a $1.2 billion bridge loan the company had taken from a group of foreign banks to make payments for the $1.268 billion acquisition

India nudges Iran to award expedition rights of Farzad-B field to ONGC Videsh
India

India nudges Iran to award expedition rights of Farzad-B field to ONGC Videsh

Iran is reportedly unhappy with the $10 billion plan submitted by OVL, for development of the 12.5 trillion cubic feet reserves in Farzad-B field

ONGC Videsh to raise $900 mn bridge loan to finance Vankor buy
Business

ONGC Videsh to raise $900 mn bridge loan to finance Vankor buy

ONGC Videsh Ltd (OVL) will raise a bridge loan of close to USD 900 million overseas to fund acquisition of an additional 11 percent stake in Russia's Vankor oilfield.

ONGC Videsh's additional 11% Vankor stake buy gets Cabinet nod
Business

ONGC Videsh's additional 11% Vankor stake buy gets Cabinet nod

The Union Cabinet today approved ONGC Videsh buying an additional 11 per cent stake in Russia's Vankor oil field for USD 930 million.

ONGC Videsh slapped with service tax demand of Rs 6,100 crore
Business

ONGC Videsh slapped with service tax demand of Rs 6,100 crore

The Tax Department has slapped a service tax demand of over Rs 6,100 crore on the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), a move that may potentially render its investments in oil and gas fields abroad infructuous.

ONGC inks deal to buy extra 11% stake in Russian Vankor fields
Business

ONGC inks deal to buy extra 11% stake in Russian Vankor fields

State-run explorer Oil and Natural Gas Corp (ONGC) has signed definitive agreements with Russian state-run oil major Rosneft OAO to purchase additional 11 per cent stake in JSC Vankorneft.

ONGC Videsh raises $1 bn via bonds issuance to fund Vankor stake buy
Business

ONGC Videsh raises $1 bn via bonds issuance to fund Vankor stake buy

The proceeds of the issue would go to refinance a $1.2 billion bridge loan the company had taken from a group of foreign banks to make payments for the $1.268 billion acquisition

PM Modi in Iran: India commits $500 mn to develop Chabahar port and infra
Business

PM Modi in Iran: India commits $500 mn to develop Chabahar port and infra

The UPA government had dilly-dallied with the idea for about 10 years as it feared the US sanctions against Iran

OVL gets Russian govt nod for $1.268 bn Vankor deal
Business

OVL gets Russian govt nod for $1.268 bn Vankor deal

Russian government has approved ONGC Videsh Ltd's deal to buy 15 per cent in the country's second biggest oil field of Vankor from Rosneft for USD 1.268 billion.

ONGC Videsh, IOC, Oil India sign deals to access Russia's lucrative hydrocarbons sector
Business

ONGC Videsh, IOC, Oil India sign deals to access Russia's lucrative hydrocarbons sector

As per deal between ONGC Videsh and Russian oil behemoth Rosneft, the former will pick up 15 percent stakes in Vankorneft oil fields in Siberia for $1.3 billion

ONGC gets govt nod for converting OVL's Rs 5,000 crore loan into equity
Business

ONGC gets govt nod for converting OVL's Rs 5,000 crore loan into equity

ONGC had extended a loan of Rs 6,000 crore to its overseas investment arm to meet its acquisitions requirements