OVL FY'13 net profit jumps 44%

The Cabinet Committee on Economic Affairs (CCEA) is likely to consider a proposal to allow ONGC Videsh (OVL) to invest an additional $65.67 million in a gas producing block in Vietnam. OVL, the overseas arm of state-owned Oil and Natural Gas ...

New Delhi: At least six candidates including GAIL Chairman B C Tripathi and (OVL) Managing Director D K Sarraf are in race for the top job at India's most profitable company, Oil and Natural Gas Corp (ONGC). Sarraf, 55, is the senior most candidate ...

Reserve Bank of India allowed Navratna public sector undertakings, ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) to invest in joint ventures and wholly owned subsidiaries of overseas incorporated entities in oil sector (for exploration and drilling ...

Good response from global companies to Imperial Energys invite

The company last month concluded a $1 billion deal to buy U.S. energy major Hess Corps 2.76 % stake in the Azerbaijan sector

Board to decide soon; hiving off OVL into separate entity ruled out

ONGC Videsh Ltd today said that its inaugural $800 million dual-tranche bond guranteed by the parent, ONGC, was over-subscribed.In a statement issued here the company said, that the bond...

Oil and Natural Gas Corporation's (ONGC's) foreign arm, ONGC Videsh Limited (OVL), and Oil India have started talking to bankers abroad to raise dollar bonds for their $5-billion acquisition of a 20 per cent stake in a gas field in Mozambique.

Even as China is showing unprecedented aggression at the borders, it is set to lose to India on another front. The oil and gas sector in Myanmar could soon see dominance by Indian companies. State-run ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) ...