RIL in talks with PdVSA to produce heavy oil

Reliance Industries is in talks with Venezuela's PdVSA to produce heavy oil in the South American OPEC nation, PdVSA, executive director Fadi Kabboul said on Wednesday. Venezuela's state oil......

OVL signs pact for JV in Venezuela oil field

ONGC Videsh Ltd, the overseas investment arm of Oil and Natural Gas Corporation (ONGC), has signed a joint venture agreement with Petroleos de Venezuela S.A. (PdVSA) to take 40 per cent stake in......

OVL to buy 40% stake in Venezuelan oilfield

ONGC Videsh Ltd, the overseas investment arm of state-run Oil and Natural Gas Corp (ONGC), will take a 40 per cent stake in San Cristobal oilfield in Venezuela. OVL will make a total investment of......

Indian oil PSUs win Venezuela block

Oil and Natural Gas Corporation and partners Indian Oil Corporation and Oil India Ltd have won a bid to develop a major crude oil block in Venezuela, its first major overseas success since Imperial......