OVL

Following Russia’s invasion of Ukraine, Moscow seized the Sakhalin-1 asset through a presidential decree, resulting in ExxonMobil, the operator of the asset, exiting Russia. ExxonMobil owned a 30% stake in the asset that was…

Oil rig and support vessel on offshore area near Sakhalin island. File | Photo Credit: Getty Images ONGC Videsh Limited, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), has re-taken a 20% stake in the Sakhalin-1 oil…

ONGC Videsh Ltd., the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), and Indian Oil Corporation (IOC) are in talks to acquire a stake in Tullow Oil's Lokichar oil field in Kenya. Kenya's Cabinet Secretary in the…

NEW DELHI: Flagship refiner-retailer IndianOil has roped in ONGC Videsh Ltd (OVL), the overseas investment arm of state-run explorer ONGC, to revive talks for buying a stake in TullowOil’s Lokichar oil field in Kenya in a deal size seen at…

NEW DELHI: ONGC Videsh Ltd (OVL) is lining up alternative channels to sell its share of oil from Sakhalin-I project in Russia's Far East after traders developed cold feet -- after initially warming up -- over its first offering since Moscow…

Stocks of Indian companies with exposure to Europe fell on Tuesday amid concerns about the impact on their sales in case the Russia-Ukraine crisis worsens and the US and its allies impose economic sanctions on Russia. IMAGE: Activists hold…