India loses Kashagan oil field to China

India's ONGC has lost the giant Kashagan oilfield to the Chinese after Kazakhstan blocked its $5 billion deal to buy US energy major ConocoPhillips' stake in the Caspian Sea oilfield. ONGC Videsh,......

OVL-OIL offers $5 bn for 20% in Africa gas field

After buying ConocoPhillips’ 8.4 per cent stake in a Kazakhstan oil field for $5 billion last year, ONGC Videsh Ltd and its partner Oil India Ltd have closed in on another energy asset in......

$5-bn Kashagan stake buy: ONGC gets nod

ONGC Videsh Ltd, which trumped a strong bid by arch-rival China National Petroleum Corp to bag a stake in Kazakhstan's giant Kashagan oilfield, has cleared the first hurdle when it secured approval......

Is OVL making the right acquisitions?

ONGC Videsh Ltd, or OVL, the overseas arm of state-owned Oil & Natural Gas Corporation (ONGC), will pay $5 billion to acquire ConocoPhillips's 8.4 per cent stake in a Kazakhstan oilfield. The......