(Reuters, 3.Jan.2023) â Venezuela has agreed to give some oil to India’s ONGC Videsh to help it recoup its pending $600 million dividend for a stake in a project in the South American nation, India’s oil secretary said on Wednesday. Indian refiners have resumed purchase of Venezuelan oil following the easing of U.S. […]
Tag: ONGC Videsh
ONGC Videsh Enters Development Stage Offshore Brazil at BM-SEAL-4
(ONGC, 24.Jan.2022) â ONGC Videsh Limited (OVL) had registered a major gas discovery in 2019 in its deep offshore block BM-SEAL-4, Brazil, located in the Sergipe Alagoas Basin. Petrobras is the Operator of the block with 75% Participating Interest (PI) and in which partner ONGC Videsh holds 25% PI. ONGC […]
Seven Companies Bid For 11 Contracts In Colombia Oil Auction
(Reuters, 4.Jun.2019) â Seven companies have put in bids for 11 oil exploration contracts in Colombia, the government said on Tuesday, as the Andean country seeks to revitalize its oil sector. Frontera Energy, Geopark, Ecopetrol , Hocol, Parex Resources, Gran Tierra Energy and ONGC Videsh have put in a total […]
Indiaâs ONGC Gets $32 Million Payment From PDVSA
(Reuters, 5.Dec.2018) â Indiaâs Oil and Natural Gas Corp (ONGC) has received a payment of $32 million from Petroleos de Venezuela (PDVSA) as part of a settlement of outstanding dividend payments and said it now hopes that Venezuelaâs state oil firm will be regular in making further payments, a senior […]
PDVSA Ships $35 Million Oil Cargo To Pay Dividends To ONGC – Sources
(Reuters, Alexandra Ulmer, Nidhi Verma, 31.Oct.2018) â Venezuelaâs state-run PDVSA has shipped a crude cargo valued at $35 million as partial payment to Indian oil company ONGC Videsh Ltd for overdue dividends from a joint venture, according to two people familiar with the matter. The payment is based on an […]
Cutting Indiaâs Dependence on Middle-East Oil: 60% More Oil Lifted from Colombia
(Financial Express, Huma Siddiqui, 9.Oct.2018) â With the India-Colombia bilateral trade $1.5 bn, India lifted oil close to $ 400 million from January to July this year– an increase of 60% in the same period of the previous year. With the India-Colombia bilateral trade $1.5 bn, India lifted oil close […]