Ovl

Sudan wants ONGC Videsh to withdraw arbitration proceedings over oil payment dues

ONGC Videsh, the foreign acquisition unit of Oil and Natural Gas Corp’s (ONGC), filed an arbitration claim earlier this year against the government of Sudan in a London court

Cash-strapped Venezuela stops payments of oil dues to ONGC Videsh, leading to $450 million pile-up

OVL, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), has 40 percent stake in Venezuela's San Cristobal field

Hindustan Petroleum Corporation joins talks to buy stake in Russian oil fields

Rosneft, Russia's national oil company that owns the fields, wants to retain a majority stake and is keen to sell only up to 49 percent stake.

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

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

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

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

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

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

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