ongc videsh ltd
OVL FY19 net profit jumps 71 pc on rise in oil production
Oil production rose to 10.1 million tonnes in 2018-19 from 9.35 million tonnes in the previous year.
Indian cos' foreign investment rises 18 pc to USD 2.69 bn in March
Major investors included Tata Steel, which pumped USD 1.15 billion in a subsidiary in Singapore.
ONGC Videsh Ltd slapped with Rs 7,666 crore service tax demand
The service tax department had first issued a demand cum show-cause notice on October 11, 2011.
Sudan wants ONGC Videsh to withdraw arbitration over oil payment dues
At the centre of dispute is ONGC’s 25 per cent stake that the company had acquired in GNOP in Sudan in 2003.
Venezuela stops payment of oil dues to ONGC Videsh Ltd
PDVSA had agreed to supply 17,000 barrels per day of crude oil to repay USD 537 million that it owed to OVL.
OVL FY18 net profit up 29 per cent on higher oil production
Consolidated net profit in 2017-18 fiscal at Rs 981 crore was 29.6 per cent higher than Rs 757 crore.
ONGC Videsh drags Sudan to arbitration to recover USD 400 mn
The payment of dues on account of crude oil purchased by the government of Sudan has not been received.
India, China, Japan to expand cooperation in energy sector
India, China, Japan and Korea have agreed to boost cooperation in the energy sector in view of their consumption of hydrocarbons.
India's Petronet LNG aims to partner with ONGC Videsh in Qatar project
The project would be Petronet’s maiden venture into the natural gas exploration and production business and overseas LNG terminals.
ONGC Videsh turns focus to acquire overseas oil assets amid Iran gas row
Indian firms led by ONGC Videsh have been negotiating with Iran for development rights of Farzad B gas field.