An insightful talk on ‘Strategic Security Concepts’ with special reference to ONGC Videsh operations at the ONGC Videsh, Delhi office by Mr Krishan Varma, former Special Secretary in the Cabinet Secretariat, Government of India, kept the executives and the Board of Directors spellbound for over an hour. The talk was organized by the security team […]
Author Archives: ongcvidesh
World Environment Day at ONGC Videsh
World Environment Day was observed under the aegis of United Nations Environment Programme on the theme ‘Go Wild for Life’ to raise awareness towards illegal wildlife trade and environment and to take positive actions to protect the planet Earth. Employees and families of ONGC Videsh participated with enthusiasm in various competitions surpassing the previous record, […]
Outreach program for young students
Background: ONGC Videsh Ltd. is a Miniratna Schedule “A” Central Public Sector Enterprise (CPSE). It is the wholly owned subsidiary and overseas arm of Oil and Natural Gas Corporation Limited (ONGC), the flagship national oil company (NOC) of India having net worth of around INR 1,84,000 crores. The primary business of ONGC Videsh is to […]
ONGC Videsh acquires 15% interest in Vankor Field located in East Siberia of the Russian Federation
ONGC Videsh Limited, a wholly owned subsidiary of Oil and Natural Gas Corporation Ltd. completed on 31st May, 2016, the acquisition of 15% equity from Rosneft Oil Company, in JSC Vankorneft, a company organized under the law of Russian Federation which is the owner of Vankor Field and North Vankor license. Rosneft, the national oil […]
ONGC Videsh signs MOU with SOCAR Trading
ONGC Videsh Limited and SOCAR Trading SA signed an MoU on 27th of May 2016 at Geneva. The Objective of MoU is to explore possibilities of Joint Marketing of ONGC Videsh’s crude oil portfolio by leveraging SOCAR Trading’s experience in oil trading. The MoU was signed by S P Garg, Director (Finance) ONGC Videsh Limited […]
ONGC Videsh to set up oil trading desk
ONGC Videsh Ltd, the overseas investment arm of public sector exploration major ONGC, is looking to set up a crude oil trading vertical soon. The company, which is traditionally into the business of exploration and production, proposes to set up this vertical once it has sizeable hydrocarbon volumes to sell. OVL is in talks with […]
Rosneft and ONGC Videsh sign Memorandum of understanding (MoU)
Rosneft and ONGC Videsh signed a Memorandum of Understanding for the potential acquisition of 11% shares in the Vankorneft by ONGC Videsh in addition to the 15% shares for which the definitive agreement was signed earlier in September 2015. Thus, ONGC Videsh would be acquiring a total of 26% shares in Vankorneft. The MoU was […]
National Safety Day at ONGC Videsh
ONGC Videsh celebrated the National Safety Day on Friday, March 4. The initiative was conducted as part of the National Safety Day campaign, celebrated across India every year under the National Safety Council to enhance the safety awareness among people. The theme for this year’s celebration was to ‘Strengthen the Safety movement to Achieve Zero […]
INAUGURATON OF ONGC VIDESH G&G CENTRE OF EXCELLENCE AT HOUSTON
On 23rd Feb 2016, the ONGC Videsh G&G Centre of Excellence at Houston, USA was inaugurated by Mr. Narendra K Verma, CEO and Managing Director, ONGC Videsh along with Mr. A.K. Dwivedi, Director (Exploration), ONGC and Mr. S.P. Garg, Director (Finance), ONGC Videsh. The G&G Centre of Excellence has been conceptualized and formed to act […]
CA CFO AWARD Director (Finance) – ONGC Videsh Limited
Mr. S.P. Garg, Director (Finance), ONGC Videsh was awarded the prestigious CA CFO ‘Oil and Gas Sector Award by the Institute of Chartered Accounts of India in a ceremony held on 16th January, 2016.The nominations were screened by a jury of eminent personalities headed by Mr. Kumar Mangalam Birla and the selection was made among […]