ONGC Videsh Ltd (OVL), the international arm of India’s state-run oil and gas company ONGC, is on the verge of securing a critical license from the US Office of Foreign Assets Control (OFAC ...

ONGC Videsh (OVL) Ltd, the overseas exploration arm of India's Oil and Natural Gas Corp , is looking for exploration and production investment opportunities in Africa and Latin America, such as in ...

ONGC Videsh said in a statement on Friday that it will pay up to $60 million to the Norwegian company to grab a 0.615% shareholding in the BP-led offshore oil development, Azeri-Chirag-Gunashli ...

India ONGC Videsh has signed a $60 million deal with Norwegian energy giant Equinor to raise its stake in the offshore Azeri Chirag Gunashil (ACG) oil field in the Caspian sea and linked pipeline ...

Odoptu Stage 1 oil and natural gas production began in 2010 (OGJ Online, Sept. 29, 2010). Operator Exxon Neftegas Ltd. has 30% as does Sodeco. ONGC Videsh and Rosneft each have 20%.

ONGC Videsh is open to having deals through government-to-government negotiations as well as through competitive bidding depending on Sri Lanka's yet-to-be-announced exploration policy, Gupta said.

ONGC Videsh first entered Vietnam in 1988 when it secured the exploration license for Block 06.1. The company, in 2006, acquired two exploration blocks — Block 127 and Block 128.

The Sakhalin 1 project has turned out to be a money spinner for ONGC Videsh, and accounted for about a quarter of its proved reserves of 124.7 million tonnes in the year ended March 31, 2022.