Category Archives: Archive Press Releases

ONGC Videsh to acquire 30% participating interest in Petroleum Exploration License 0037 Offshore Namibia

ONGC Videsh to acquire 30% participating interest in Petroleum Exploration License 0037 Offshore Namibia New Delhi : ONGC Videsh has signed definitive binding agreements with Tullow Namibia Limited (Tullow), a wholly owned subsidiary of Tullow Oil plc, on 28th June 2017 for acquiring 30% participating interest in Namibia Petroleum Exploration License 0037 for Blocks 2112A, 2012B […]

ONGC Videsh Bond Issuance Awarded the Best Corporate Bond Deal from India 2016

ONGC Videsh Vankorneft’s US$1 billion dual-tranche bond deal has been awarded the “Best Corporate Bond” deal from India at The Asset Triple A Country Awards 2016. This was the first dual-tranche issuance out of India in 2016 and executed swiftly to access a favourable market issuance window. The award on behalf of OVVL was received […]

ONGC Videsh Declares H1 FY’17 Standalone Financial Results

ONGC Videsh Declares H1 FY’17 Standalone Financial Results New Delhi: 15th December 2016 Financial results of ONGC Videsh Ltd, the wholly-owned subsidiary of ONGC, for the half year ended 30 September 2016 were considered and approved by the Board in its meeting held on 13 December 2016. The performance highlights are as under: Consolidated Crude […]

ONGC Videsh and PDVSA sign agreement for payment of Dividend and Financing of San Cristobal Project

ONGC Videsh Limited (ONGC Videsh) and Petroleos De Venezuela S.A. (PDVSA) through their relevant subsidiaries signed two definitive agreements for facilitating redevelopment of the San Cristobal joint venture project in Venezuela on 4th November 2016. The agreements were signed by ONGC Videsh CEO Mr Narendra K Verma and the Hon’ble Minister of Petroleum of Venezuela […]

ONGC Videsh completes acquisition of 11% additional interest in Vankor Field located in East Siberia of the Russian Federation

Press release ONGC Videsh completes acquisition of 11% additional interest in Vankor Field located in East Siberia of the Russian Federation ONGC Videsh Limited (ONGC Videsh), a wholly owned subsidiary of Oil and Natural Gas Corporation Ltd. completed on 28th October, 2016, the acquisition of additional 11% equity from Rosneft Oil Company, in JSC Vankorneft […]

ONGC Videsh to acquire 11% additional interest in Vankor Field located in East Siberia of the Russian Federation

ONGC Videsh (and its wholly owned subsidiary ONGC Videsh Vankorneft Pte. Ltd., Singapore – OVVL)  jointly signed definitive agreements with Rosneft, the national oil company of Russia for acquiring additional 11% shares in JSC Vankorneft, a company organized under the law of Russian Federation which is the owner of Vankor Field and North Vankor license. […]

Vivekanand takes over as Director (Finance), ONGC Videsh

Vivekanand has taken over as the Director (Finance) in the Board of ONGC Videsh, the international petroleum company of India on 1st September, 2016. He brings over three decades of experience as Finance and Accounting professional in the upstream oil and gas industry both in domestic and international operations. He has handled the whole gamut […]

ONGC Videsh raises US$ 1 billion from international markets

NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES ONGC Videsh Vankorneft Pte. Ltd. (“OVVL” or the “Company”), an indirect wholly owned subsidiary of ONGC Videsh Limited, which itself is a direct wholly owned subsidiary of Oil and Natural Gas Corporation Limited (“ONGC”) announced that it has priced on 19 […]