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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......

European cos sign up for Angola gas project

A consortium of European companies has signed up an agreement with Angolan government for exploration of its gas and oil reserves. The consortium includes two Spanish (Gas Natural and Repsol YPF),......

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......

Global oil majors vie for key gas project

Exxon, Shell, BP, British Gas are among the 13 companies in fray for development of Krishna-Godavari basin field.ExxonMobil, Shell, British Petroleum and British Gas have expressed interest in the......

OVL plans JV, buyouts abroad

ONGC Videsh (OVL) is looking at block buyouts and exploration joint ventures overseas to source around 22 million tonne (mt) crude by 2010.By 2008-09, the parent company, ONGC, will provide 50 mt......

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