Originally, ONGC Videsh, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), was interested in buying out half of the stakes that Tullow, Africa Oil Corp and TotalEnergies SE held in the Lokichar oilfield in Kenya.
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a landmark change in India's hydrocarbons exploration regime, sanctioning the auction of 69 small and marginal oil fields of state-owned ONGC and Oil
New Delhi: ONGC Videsh (OVL) and Oil India will split equally the 10 per cent stake they acquired in a giant Mozambique gas field from Videocon Group for $2.475 billion.OVL, the overseas arm of state-owned
New Delhi, June 25: In the third acquisition in 10 months, state-owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) said they will buy Videocon Industries' 10 per cent stake in a
New Delhi, Jan 31: The Central Government will offload its 10 per cent equity in Oil India Ltd (OIL) on Friday.The decision was taken at a meeting of the Empowered Group of Ministers, headed by
Dibrugarh, Nov 2: Oil India Ltd has started drilling operations in Gabon, South Africa for hydrocarbon exploration.The beginning of drilling on the first well in Gabon by India's flagship explorer was done on Sunday in
New Delhi, Oct 4: In a first purchase of shale gas assets abroad, two State-owned oil companies — Oil India Ltd. (OIL) and Indian Oil Corporation (IOC) — today announced jointly buying 30 per cent
New Delhi, Feb 11: State-owned explorer Oil India on Saturday said its board of directors have agreed to issue 3:2 bonus shares — three shares for every two held.In a regulatory filing, OIL said the
Mumbai, Sep 15: Oil India is likely to invest in Hindustan Petroleum's (HPCL) refinery expansion project, Oil India Chairman N M Borah said here today.“Our core competence lies in the upstream sector, but we would
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