Kazakhastan blocked $5-bn bid to buy oilfield stake: OVL

ONGC Videsh Ltd (OVL) on Wednesday said its $5 billion bid to buy a stake in Kazakhastan's biggest oilfield has been blocked by the central Asian nation. "Based on the communication received......

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,......

World's most expensive energy projects

Billions of dollars are spent on energy projects across the world. Kashagan oil field is the world's most expensive energy project. The safety, engineering, logistical and environmental challenges......

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......