Company News

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 international players to set up a desk overseas. “We aspire and aim to develop our own marketing capability to capture better value of our hydrocarbons and whatever we produce — actually a downward integration to capture better value for our produce,” Narendra K Verma, OVL, Managing Director, ...

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 Harm’. Employees and families of ONGC Videsh participated with enthusiasm in poster, cartoon and slogan competition in numbers which surpassed all the previous years; this indicated the increasing awareness and commitment of ONGC Videsh towards HSE. An online quiz was also launched in which the employees ...

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 as a think tank and resource base to augment the efforts of ONGC Videsh in its exploration, development and producing assets. The Centre has come up from scratch, literarily built brick by brick over last one year. The Centre is manned by a very competent team ...

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 members from the entire industry segment in India. Mr. S. P. Garg carries an experience of more than 35 years. He is a Fellow Member of the Institute of Chartered Accountants of India, the Institute of Company Secretaries of India and an Associate member of the ...

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 Commissioner of Ombadda, Khartoum. Warm Welcome to Director (Operations) by Commissioner of Ombadda and State authorities, Khartoum, Sudan   This medical camp was inaugurated by Director (Operations), ONGC Videsh, which was attended by all ONGBV expats and various state authorities such as Mr. Abdel Eltif Abdalla Fedaili, Commissioner of Ombadda, ...

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 stakeholder in Block 06.1, was awarded Prime Minister’s Merit Certificate in recognition of its contribution to the development of hydrocarbon industry in Vietnam and 13 years of safe operations. The ONGC Videsh team consisting of  Mr. Ajeet Kumar Deshwal, Regional President, Asia Pacific, Mr Tapas Kumar Mandal, ...