Page 2 - Ongc Videsh

No proposal before us to list ONGC Videsh, says Dharmendra Pradhan

On December 21 last year, the board of ONGC had raised the red flag to a move by the Di­p­am for listing OVL

No demand from govt to reconsider ONGC Videsh listing: CMD Shashi Shankar

The government owns 67.45 per cent in ONGC. If ONGC were to declare entire proceeds of OVL listing as a special dividend, the government would get 67.45 per cent of the amount

Citing China & Japan, ONGC Videsh seeks sovereign fund for foreign buys

The overseas subsidiary of Oil and Natural Gas Corporation (ONGC) has submitted the proposal to the petroleum ministry

I-T department slaps ONGC Videsh with Rs 76.66-billion service tax demand

Sources said OVL believes that no service tax is due or payable and is contesting the demand

Sudan asks ONGC Videsh to withdraw case on unpaid oil dues of over $400 mn

While payment of 11 half-yearly installments due till December 2010 was received from the government of Sudan, remaining seven installments due from June 30, 2011, to June 30, 2014

ONGC Videsh may decide on investment plans in Iran after India-US meet

Iran has also agreed to take the entire gas produced from Farzad-B offshore field to a landfall point

ONGC Videsh to acquire 15 per cent stake in Namibia block

Eco is currently the operator of the License and Tullow shall acquire another 15 per cent participating Interest

India set to buy 49% in Russia oilfield by Feb

OVL-led consortium to pick stake in Vankor cluster

ONGC Videsh expects Sudan to clear $400-mn dues as US lifts sanctions

The past dues were relating to building of pipeline and crude sales

OVL gets 2-yr extension for exploring Vietnam oil block in South China Sea

Last week, Vietnam's national oil company PetroVietnam granted the extension

ONGC Videsh Limited signs pact to grab 30% stake in Namibian project

During the financial year 2016-17, OVL has produced 12.57 mn tonne of oil and oil equivalent gas

ONGC Videsh Limited shortlisted for oil, gas field auction in Mexico

OVL will be bidding alone in the auction, competing against giant like Chevron, Shell and Total

Sudan owes $418 mn to ONGC Videsh

Sudan refused to extend the oilfield licence to operate Block 2B, which expired last November

Iran wants India to pay 3 times gas price for awarding block to OVL

When oil prices move up, rates of LNG from Qatar would also rise

ONGC Videsh raises $1 bn in bonds to fund Vankor acquisition

OVL raised $600 million through a 10-year bond at a coupon rate of US treasury rate plus 2.20 per cent

Sudan holds up licence extension for ONGC's overseas arm

Sudanese govt is supposed to pay up dues worth $98.94 million to the OVL

ONGC Videsh gas deal with Iran by Jan

A consortium of Indian companies led by ONGC Videsh (OVL) is set to strike a deal with Iran

New investment arrangement for Venezuelan oilfield

Signed on November 4, these provide a mechanism to liquidate dividends due to ONGC Videsh

OVL strikes a deal with Venezuela's PDVSA for redevelopment of San Cristobal project

The agreements signed on Nov 4 provides a mechanism to liquidate OVL's outstanding dividends from the project

OVL says CBEC circular excludes cash calls from service tax purview

Service tax on cash calls was represented to the ministry of petroleum and natural gas as well as to Ministry of Finance