Byline: Piyush Pandey Nov. 13--MUMBAI, India -- State-owned Oil and Natural Gas Corporation ONGC has walked out of a proposed JV with the Hindujas at the last minute even though the oil major's board had approved the deal on October 19. ...
Byline: Sudha Nagaraj Oct. 10--RANCHI: India is unlikely to make a second attempt to acquire Canada-based PetroKazakhstan PK, with ONGC Mittal Energy OME choosing to train its eyes on other markets in central Asia and Africa, including Nigeria. To facilitate this,...
NEW DELHI, May 16 Asia Pulse - ONGC Videsh Ltd OVL, the overseas arm of exploration firm Oil and Natural Gas Corporation ONGC (BSE:ONGC), is understood to have lost out an oilfield in Oman to a Chinese consortium. NEW DELHI, May 16 Asia Pulse...
NEW DELHI AFP ? India's highly profitable state-run exploration firm Oil and Natural Gas Corp. Ltd. ONGC announced that the public offer for a 10 percent equity stake in it would open next month. "The issue will open on March 3 and close on March 10," Subir Raha, the...
Gazprom has invited Indian company Oil and Natural Gas Corporation ONGC to participate in eight oil and gas projects in Russia, which include the development of major pipelines. In return, ONGC invited Gazprom to participate in integrated petrochemicals, LNG and power projects in India. The two companies also exchanged views...
LONDON AFP — Oil and gas explorer Imperial Energy is close to a takeover from Indian energy giant ONGC worth 1.5 billion pounds, the Financial Times reported Friday. The business newspaper, which cited sources with knowledge of the negotiations, said talks had been progressing well and that a takeover...
ONGC Videsh Ltd, the wholly-owned subsidiary of ONGC Ltd., has invested some Rs 8,200 crore, India's largest ever investment abroad, in Sakhalin-I, an oil exploration venture in Russia by acquiring 20 per cent equity from the Russian government.Quoti ONGC Videsh Ltd, the wholly-owned subsidiary of ONGC...
The Economic Times, India Knight Ridder/Tribune Business News Dec. 2--MUMBAI, India -- Oil and Natural Gas Corporation's ONGC subsidiary, ONGC Videsh OVL, could emerge as a favoured partner for Russian gas company Gazpromneft, in its bid for the assets of the embattled oil...
NEW DELHI, March 28 Asia Pulse - ONGC Videsh Ltd OVL, the overseas arm of India's state-owned Oil and Natural Gas Corporation ONGC, is likely to acquire stakes in 2 oil producing fields in Sudan and Oman. NEW DELHI, March 28 Asia Pulse -...
NEW DELHI, Nov 13 Asia Pulse - The Indian government is considering selling its 20 per cent stake in Indian Oil Corp IOC (BSE:IOC) and 5 per cent equity in Oil and Natural Gas Corp ONGC (BSE:ONGC) in domestic and overseas markets as a means ... ...
Indian companies including Indian Oil Corporation IOC and Oil & Natural Gas Corporation ONGC have submitted initial bids in order to acquire 51% equity in Engineers India Ltd EIL, the public sector engineering consultancy company.
NEW DELHI, Sept 30 Asia Pulse - India's State-run Oil and Natural Gas Corp ONGC (BSE:ONGC) will acquire Scottish explorer Cairn Energy Plc's stake in 2 oil and gas blocks in Bay of Bengal and Gujarat offshore for about $100 million. NEW DELHI, Sept...
NEW DELHI, Jan 20 Asia Pulse - ONGC Videsh Ltd, the overseas arm of Oil and Natural Gas Corp (BSE:ONGC), will give Sudan 5 per cent of its stake in two prized oil blocks in the African nation for free, as a quid pro quo for Khartom ... ...
Apr. 19--NEW DELHI -- ONGC may soon buy out HPCL's 17 percent stake in MRPL. At current prices, this could work out to an outgo of almost Rs 1,500 crore. The company's plans of integrating MRPL as its downstream venture had hit a roadblock when former petroleum...
Byline: Reeba Zachariah Mar. 8--MUMBAI, India -- The Tata group has become the first Indian corporate house to cross the Rs 2 lakh crore ($46.1 billion) mark in market capitalisation. In the process, the Tata group has replaced public sector giant Oil and Natural...
Dec. 10--Indian upstream major ONGC seems to be on the verge of clinching a deal that could reverse the string of reversals it has faced on oil & gas deals, losing out to its aggressive Chinese counterparts. Earlier this week, ONGC's subsidiary ONGC Videsh OVL was...
Britain's Cairn Energy said that the Management Committee (India's Directorate General, Hydrocarbons; Oil and Natural Gas Corporation ONGC; and Cairn) has approved field development plans FDPs for Mangala, Aishwariya, Saraswati and Raageshwari fields in Block RJ-ON-90/1 of Rajasthan, Northwest India. This final approval follows an earlier agreement on the FDPs...
LONDON AFP — British oil and gas explorer Imperial Energy said Tuesday that its management has agreed to a takeover from Indian energy giant ONGC worth 1.4 billion pounds (1.7 billion euros, 2.6 billion dollars). "The boards... are pleased to announce that they have reached agreement on the terms...
India's state Oil and Natural Gas Corp. ONGC has asked Brazil's state oil company Petrobras to invest in ONGC's refining sector, The Hindu Business Line reported.India's state Oil and Natural Gas Corp. ONGC has asked Brazil's state oil company Petrobras to invest in ONGC's refining sector, The Hindu Business Line...
Sep. 23--CHENNAI, India -- United India Insurance, which recently released a record interim payment of Rs 768.6 crore to Oil and Natural Gas Corporation for the loss of its Bombay High North Platform, has said the payout will not have any significant impact on its bottom line....
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