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......

3 Indian cos ink JV for Venezuela oilfield

Oil and Natural Gas Corp, Reliance Industries and Indian Oil Corp, the nation's biggest companies, are coming together for the first time, to bid jointly for a vast oilfield in Venezuela, which......

Oil majors sign deal for Venezuelan oil field

Indian flagship overseas explorer ONGC Videsh Ltd and its partners have signed an agreement to develop a $20 billion oil project in Venezuela that will give energy-deficient India 3.6 million......

Reliance eyeing Petronas stake in Venezuela project

Reliance Industries is looking at buying Petronas' 11 per cent stake in Venezuela's $20 billion Carabobo-1 project, a company official said. RIL, which had in 2009 dropped out of the winning bid......