Sakhalin1

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…

NEW DELHI: NEW DELHI:India's Oil and Natural Gas Corp has applied to the new Russian operator of the Sakhalin-1 to retain its stake in the oil and gas project in the Far East, a person familiar with the development said. Russia has…

Sakhalin-1 is OVL's cash cow and without the project, the company will be a loss-making entity, a source said Sakhalin-1 is OVL's cash cow and without the project, the company will be a loss-making entity, a source said ONGC Videsh Ltd.,…

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