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ONGC Videsh News
Centre tells state oil firm ONGC to list overseas unit
Tue, Aug 21, 2018
The letter, sent last week, did not state how much of ONGC should be offered to outside investors.
OVL, partners acquire 10% stake in Abu Dhabi oilfield for $600 million
Sun, Feb 11, 2018
The contract for the oilfield in Lower Zakum Concession was signed in Abu Dhabi last evening in the presence of Prime Minister Narendra Modi and Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed al-Nahyan
CPSE IPOs within 22 weeks of govt nod
Sun, Feb 19, 2017
Within two weeks of the Budget announcement of listing all profitable central public sector enterprises, the Department of Investment and Public Asset Management (DIPAM) has issued guidelines detailing the mechanism and procedure for time-bound listing of CPSEs on Stock Exchanges.
ONGC's $2.4 billion Mozambique deal under Oil Min scanner
Sun, Feb 12, 2017
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), had in June 2013 bought 10% stake in the Offshore Area 1 from Videocon Group for $2.475 billion. This stake was later divided between OVL and Oil India Ltd in 60:40 ratio.