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Oil Natural Gas Corp Acquired

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US slaps toughest ever sanctions on Iran

 Even as he signed into law the toughest sanctions against ever passed by the US Congress at the White House, US President Barack Obama said the doors of diplomacy are still open for the regime in......

8 bn rubles of Indian oil firms stuck in Russia

 As much as 8 billion rubles (about Rs 1,000 crore) of dividend income belonging to Indian oil firms is stuck in Russia after the Putin administration clamped down on dollar repatriation, officials......

OVL-OIL to buy Videocon stake in Mozambique field

 In the third acquisition in 10 months, state-owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) will buy Videocon Industries' 10 per cent stake in a giant Mozambique gas field for about......

Govt permits 100% FDI in oil PSUs approved for divestment

 The government on Thursday permitted 100 per cent foreign investment under the automatic route in oil and gas PSUs which have received in-principle approval for strategic divestment. Illustration:......

CCEA nod for OVL's Egyptian acquisition

 The government on Friday gave its nod to ONGC Videsh Ltd, the overseas arm of state-run Oil and Natural Gas Corp, to acquire Royal Dutch/Shell's 33 per cent stake in a deepsea gas field off Egypt.......

OVL to buy ExxonMobil's Brazil oilfield pie

 ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, will acquire US energy firm ExxonMobil's 30 per cent stake in an oilfield in Brazil for about $1.4-billion."OVL has......

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