overseas arm

India’s $3 bn oil stake in South Sudan now looks safe


August 4th, 2012 - 8:08 pm ICT by IANS
Addis Ababa, Aug 4 (IANS) The state-run Oil and Natural Gas Corp (ONGC) can heave a sigh of relief, with signs of a truce, at least in oil, between Sudan ... Read more...

Posted in World |

India re-evaluating Vietnam oil block in South China Sea


August 3rd, 2012 - 8:50 pm ICT by IANS
New Delhi, Aug 3 (IANS) Unfazed by China's objections, India is re-evaluating a Vietnamese offer for oil exploration in the South China Sea and will go ahead if ONGC Videsh ... Read more...

Posted in Business |

ONGC-led consortium to invest $3 billion in Venezuela


July 11th, 2012 - 3:34 pm ICT by IANS
New Delhi, July 11 (IANS) The overseas arm of Oil and Natural Gas Corporation (ONGC Videsh), in partnership with other government-run firms, plans to invest $3 billion to explore oil ... Read more...

Posted in Business |

India seeks security of oil investments in Sudans


May 22nd, 2012 - 7:59 pm ICT by IANS
New Delhi, May 22 (IANS) With the conflict between Sudan and South Sudan escalating, India has conveyed to the leaderships of both countries the urgent need to resolve all issues ... Read more...

Posted in Business |

India calls for dialogue between Sudan, South Sudan


April 12th, 2012 - 11:52 pm ICT by IANS
New Delhi, April 12 (IANS) As the conflict intensified amid reports of Sudanese warplanes launching their first attack on a key South Sudanese town, India, which has around $2.5 billion ... Read more...

Posted in Uncategorized |

‘Indian oil investments in both Sudans safe’


April 4th, 2012 - 8:14 pm ICT by IANS
New Delhi, April 4 (IANS) Both Sudan and South Sudan have assured India that its $2.5 billion investment in the oil industry spanning the trans-national border are safe and will ... Read more...

Posted in Business |

ONGC Videsh inks deal with PetroVietnam


October 12th, 2011 - 4:24 pm ICT by IANS
New Delhi, Oct 12 (IANS) ONGC Videsh Limited, the overseas arm of the government-run Oil and Natural Gas Corporation, Wednesday signed an agreement with Vietnam Oil and Gas Group ... Read more...

Posted in Business |

Fortis Healthcare to buy sister arm Fortis International


September 19th, 2011 - 5:06 pm ICT by IANS
New Delhi, Sep 19 (IANS) Fortis Healthcare will buy its overseas sister arm Fortis Healthcare International in an all-cash deal in a move to bring all the group's healthcare businesses ... Read more...

Posted in Uncategorized |

India’s interests growing in African oil, gas assets


September 4th, 2011 - 1:33 pm ICT by IANS
New Delhi, Sep 4 (IANS) Even though Sudan is the only African country where state-owned Indian companies have started extracting hydrocarbons, other countries in the continent are also showing promise, ... Read more...

Posted in Business |

ONGC Videsh targets 20 mn tonnes output by 2020


August 18th, 2011 - 11:27 pm ICT by IANS
New Delhi, August 18 (IANS) ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC) aims to exceed an annual crude oil production level of 20 ... Read more...

Posted in Business |

Colombia banks on tax treaty to push business ties with India


March 13th, 2011 - 1:38 pm ICT by IANS
New Delhi, March 13 (IANS) Colombia is betting big on a tax treaty with India to attract Indian investments to the Latin American nation and is set to rise manifold ... Read more...

Posted in Business |

‘Lot of acquisition’ for Fortis in 2011


January 10th, 2011 - 2:06 pm ICT by IANS
Kolkata, Jan 10 (IANS) Fortis Group's overseas arm Fortis Global Healthcare will focus on Asia, Australia and the Middle East as it eyes "a lot of acquisition" this year, its promoter Malvinder ... Read more...

Posted in Business |

India, Russia to increase hydrocarbon cooperation


December 21st, 2010 - 11:41 pm ICT by IANS
New Delhi, Dec 21 (IANS) India and Russia Tuesday signed a deal in hydrocarbon cooperation, which will encourage the formation of joint ventures to tap opportunities in this sector, including in third ... Read more...

Posted in Business |

Nigeria positive on Indian plea for raising crude supply


November 3rd, 2010 - 10:53 pm ICT by IANS
New Delhi, Nov 3 (IANS) Nigeria has responded positively to India's request for increased crude supply from the African nation.Petroleum and Natural Gas Minister Murli Deora had put forth India's request in ... Read more...

Posted in Business |

OVL records highest production from foreign assets


August 19th, 2010 - 11:46 pm ICT by IANS
New Delhi, Aug 19 (IANS) The overseas arm of state-run ONGC Ltd has reported its highest-ever production of over 8 million tonnes from its foreign hydrocarbon assets last year, parliament was informed ... Read more...

Posted in Business |

Energy high on India-Myanmar talks agenda


July 26th, 2010 - 7:51 pm ICT by IANS
New Delhi, July 26 (IANS) With India's growing stake in neighbouring Myanmar's gas fields, energy security will be high on the agenda of talks when Myanmar ruler General Than Shwe meets ... Read more...

Posted in Business |

Krishna heads to Kazakhstan Tuesday, energy deals top agenda


May 10th, 2010 - 6:49 pm ICT by IANS
New Delhi, May 10 (IANS) India will firm up a roadmap for scaling up business ties, including a lucrative oil deal, when External Affairs Minister S.M. Krishna goes on a three-day visit ... Read more...

Posted in Business |

Indian firms to increase oil production in Venezuela


May 6th, 2010 - 12:20 am ICT by IANS
New Delhi, May 5 (IANS) India Wednesday told Venezuela that Indian companies would be increasing production from oil fields in the Latin American country that could be sent for further processing in ... Read more...

Posted in Business |

OVL, GAIL to take part in Chinese pipeline construction


February 18th, 2010 - 6:31 pm ICT by IANS
New Delhi, Feb 18 (IANS) The Indian government has approved the participation of ONGC Videsh and GAIL in the construction of a Chinese pipeline and also make additional investment of over $1.3 ... Read more...

Posted in Business |

Subir Raha, former ONGC chairman, passes away


February 1st, 2010 - 8:51 pm ICT by IANS
New Delhi, Feb 1 (IANS) Subir Raha, the former flamboyant chairman and managing director of India's largest company, state-run ONGC Corp Ltd, died here after a long illness. He was 61. Raha, ... Read more...

Posted in Business |

Uganda seeks Indian help in developing hydrocarbon sector


January 28th, 2010 - 9:19 pm ICT by IANS
New Delhi, Jan 28 (IANS) Uganda has sought Indian assistance in developing its oil and gas sector. This was conveyed by the Ugandan Vice President Gilbert Balibaseka Bukenya, in his meeting with the ... Read more...

Posted in Business |

Cabinet sanctions OVL’s investment in 2 Nigerian blocks


January 14th, 2010 - 10:09 pm ICT by IANS
New Delhi, Jan 14 (IANS) India has sanctioned funding of $359 million to ONGC Videsh Ltd, overseas arm of ONGC Ltd, for the execution of the first exploration phase in two ... Read more...

Posted in Business |

ONGC planning to build refinery in Nigeria


December 7th, 2009 - 11:22 pm ICT by IANS
New Delhi, Dec 7 (IANS) ONGC Videsh Ltd, the overseas arm of India's state-run oil exploration major Oil and Natural Gas Corp (ONGC), is planning to set up a greenfield refinery in ... Read more...

Posted in Business |

India eyeing oil production opportunities in Africa


December 7th, 2009 - 2:47 pm ICT by IANS
New Delhi, Dec 7 (IANS) India is looking to participate in "exploration and production opportunity" in Africa and to be a part of the continent's natural gas market, Petroluem Minister Murli Deora ... Read more...

Posted in Business |

ONGC to develop gas fields in Iran


December 2nd, 2009 - 10:52 pm ICT by IANS
New Delhi, Dec 2 (IANS) The state-run oil explorer Oil and Natural Gas Corp (ONGC) and its partners have signed two agreements with Iranian authorities to develop gas fields in that country. ... Read more...

Posted in Business |

ONGC arm gets nod for more investment in Brazil


November 12th, 2009 - 6:12 pm ICT by IANS
New Delhi, Nov 12 (IANS) The Cabinet Committee on Economic Affairs (CCEA) Thursday authorised the overseas arm of Oil and Natural Gas Corp (ONGC) to make an additional investment of $70 ... Read more...

Posted in Business |

ONGC to invest $174 mn in Myanmar


October 29th, 2009 - 11:03 pm ICT by IANS
New Delhi, Oct 29 (IANS) The overseas arm of Oil and Natural Gas Corp (ONGC) has been allowed to make an investment of up to $173.85 million in a hydrocarbon assets ... Read more...

Posted in Business |

ONGC Videsh submits development plan for Iranian gas field


July 27th, 2009 - 10:05 pm ICT by IANS
New Delhi, July 27 (IANS) ONGC Videsh Ltd (OVL), the overseas arm of Oil and Natural Gas Corp (ONGC), has submitted a proposal to Iranian authorities for developing a gas field in ... Read more...

Posted in Business |

ONGC defers fresh investments in Imperial Energy


March 26th, 2009 - 10:04 pm ICT by IANS
New Delhi, March 26 (IANS) The state-run Oil and Natural Gas Corp (ONGC) has postponed its investments in its biggest acquisition, Imperial Energy, and will consolidate operations in western Siberia, the top ... Read more...

Posted in Business |

India’s ONGC gets stake in Kazakh oil block


January 24th, 2009 - 9:59 pm ICT by IANS
New Delhi, Jan 24 (IANS) India's ONGC and its partner Lakshmi N. Mittal Saturday signed an agreement with Kazakhstan's national oil company for a stake in a block in the Caspian oil ... Read more...

Posted in World |

ONGC may get 40 percent stake in Kazakh block


January 12th, 2009 - 9:44 pm ICT by IANS
New Delhi, Jan 12 (IAN) India's ONGC Videsh may buy a stake of up to 40 percent in an oil block in Kazakhstan, an oil ministry official said Monday.ONGC Videsh, the overseas ... Read more...

Posted in Uncategorized |

Imperial Energy shareholders accept ONGC offer


December 31st, 2008 - 6:27 pm ICT by IANS
New Delhi, Dec 31 (IANS) The overseas arm of state-run Indian upstream oil major, Oil and Natural Gas Corp, Wednesday announced that more than 96 percent of shareholders of the Leeds-based Imperial ... Read more...

Posted in Uncategorized |

Russia not opposed to Imperial Energy acquisition


November 25th, 2008 - 7:14 pm ICT by IANS
New Delhi, Nov 25 (IANS) Russian Energy Minister Sergey Shmatko Tuesday said his government was not opposed to the acquisition of Imperial Energy by ONGC Videsh Ltd, the overseas arm of Oil ... Read more...

Posted in Business |

India looks to central Asia for securing oil, gas supplies


November 25th, 2008 - 4:44 pm ICT by IANS
New Delhi, Nov 25 (IANS) India is looking for greater “synergy in energy” with central Asian countries, Petroleum Minister Murli Deora said here Tuesday.Deora said ONGC Videsh Ltd, the overseas arm of ... Read more...

Posted in Business |

ONGC formalizes move for uranium hunt


November 11th, 2008 - 6:53 pm ICT by ANI
New Delhi, Nov.11 (ANI): 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 ... Read more...

Posted in World |

« Previous Entries

Subscribe