Latest News on Ovl
Showing of 0 - 10 from 34 results
Ovl - Total results - 34
May 24, 2019
OVL FY19 net profit jumps 71% at Rs 1,682 on rise in oil production; strikes oil for second time in Colombian blockOVL holds a stake in 41 oil and gas assets in 20 countries spanning from Brazil to New Zealand.
Aug 21, 2018
Centre asks ONGC to list overseas investment arm OVL on bourses to help achieve govt disinvestment targetONGC 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
Aug 17, 2018
Sudan wants ONGC Videsh to withdraw arbitration proceedings over oil payment duesONGC 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
Jun 01, 2018
Cash-strapped Venezuela stops payments of oil dues to ONGC Videsh, leading to $450 million pile-upOVL, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), has 40 percent stake in Venezuela's San Cristobal field
Jun 26, 2017
Hindustan Petroleum Corporation joins talks to buy stake in Russian oil fieldsRosneft, 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.
Dec 19, 2016
ONGC Videsh raises $1 bn via overseas bonds issuance to fund Vankor acquisitionThe 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
Dec 04, 2016
India nudges Iran to award expedition rights of Farzad-B field to ONGC VideshIran 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
Oct 11, 2016
ONGC Videsh to raise $900 mn bridge loan to finance Vankor buyONGC 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.
Oct 05, 2016
ONGC Videsh's additional 11% Vankor stake buy gets Cabinet nodThe Union Cabinet today approved ONGC Videsh buying an additional 11 per cent stake in Russia's Vankor oil field for USD 930 million.
Sep 20, 2016
ONGC Videsh slapped with service tax demand of Rs 6,100 croreThe 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.