ONGC Videsh
OVL-OIL buying Videocon's stake in Mozambique's Rovuma for $2.48 bn
25 Jun 2013
The acquisition will be made via a newly incorporated entity in which OVL and OIL are expected to hold 60 per cent and 40 per cent stakes respectively
Retraction of ONGC's Mozambique deal could invite Sebi scrutiny
By By Ravi Kunder | 11 Jun 2013
ONGC's retraction of its press release announcing that its subsidiary OVL and Oil India had signed an agreement to buy Videocon's 10-per cent stake in a Mozambique gas field for $2.48 billion, could attract Sebi action. By Ravi Kunder
OVL, Oil India to buy Videocon’s stake in Mozambique gas field for $2.48 bn
10 Jun 2013
For Videocon, the sale brings in a massive windfall from its passive investment made in early 2008 after it initially paid around $75 million for its 10-per cent stake and spent around $200 million during phase 1
ONGC’s $5-bn bid for stake in Kashagan oilfield hangs in balance
By By Ravi Kunder | 22 May 2013
ONGC will have to wait until 2 July to find out the fate of its proposed $5 -billion acquisition of ConocoPhillips 8.4-per cent stake in the giant Kashagan oilfield. Ravi Kunder reports
Government approves OVL’s $1-bn Azerbaijan deal
By By Ravi Kunder | 31 Jan 2013
The cabinet committee on economic affairs today approved ONGC Videsh's $1 billion acquisition of US energy firm Hess Corporation's oil interests in three oil fields in Azerbaijan. By Ravi Kunder
Kazakh oil project partners approve ONGC's acquisition of ConocoPhillips' stake
By By Ravi Kunder | 29 Jan 2013
In November 2012, ONGC’s overseas arm ONGC Videsh had struck a deal to buy ConocoPhillips' 8.4-per cent stake in the Kashagan oilfield inKazakhstan for approximately $5 billion. Ravi Kunder reports
ONGC strikes oil in Colombia
21 Jan 2013
OVL has stakes in 33 projects in 14 countries, including countries like Vietnam, Myanmar, Syria, Sudan, Cuba and Iran
