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 […]
Author Archives: ongcvidesh
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 […]
ONGC Videsh signs “Memorandum of Understanding” with The Republic of Equatorial Guinea
ONGC Videsh Limited (ONGC Videsh) and The Republic of Equatorial Guinea have entered into a ‘Memorandum of Understanding’ (MOU) on 20th January 2016 to cooperate in the upstream hydrocarbon sector in Equatorial Guinea. The MOU was signed by Mr Narendra K Verma, Managing Director & CEO, ONGC Videsh Limited on behalf of ONGC Videsh and […]
Corporate Social Responsibility (CSR) initiative in Sudan, steered by Mr. P.K. Rao, Director (Operations) of ONGC Videsh Limited
During visit to Sudan, Director (Operations) of ONGC Videsh Limited, Mr. P.K. Rao steered a Corporate Social Responsibility (CSR) initiative, under the aegis of ONGC Nile Ganga BV (ONGBV) i.e. organization of a free medical camp on 21st November 2015. The free medical camp has been organized at Elhala Eljadida area, under the guidance of […]
OVL conferred with PM’s Merit Certificate to welcome 300 MMboe production milestone in Vietnam
Indian, Russian and Vietnamese investors of Block 06.1 Offshore Gas Project in Vietnam celebrated in Hanoi recently the production landmark of 300 million barrels of oil equivalent. Another milestone was 13 years of safely operating Block 06.1, during which more than 29 million safe man-hours were achieved. On this occasion, ONGC Videsh Ltd., the largest […]
2nd Enterprise Risk Assessment at Tomsk, Russia
The second Enterprise Risk assessment for five functional groups and preparation of ERM manual was carried out from 23-27 Novemebr 2015 at Tomsk by a HQ team comprising Mr. Shambhu Nath Gupta, DGM(D) and Mr. Bimlesh Kumar Singh under the guidance of Mr. Arun Mittal, DGM(D)-CRO , ONGC Videsh with overwhelming support, participation & co-operation […]