OVL Cancels Iran LNG Export Facility

• Wednesday, 28th February 2018
• by Sarah Samir

ONGC Videsh Ltd (OVL) has canceled its plans to establish a liquefied natural gas (LNG) export facility worth $5 billion in Iran, Times of India reported. The company decided to invest only in developing a huge gas fi...

Sudan Delayed Block 2B License Extension

• Wednesday, 7th December 2016
• by Editorial Team

The government of Sudan has delayed an extension to Oil and Natural Gas Corporation Limited (ONGC) Videsh’s license on Block 2B as it seeks higher royalties, tax, and profit, Ecofin Agency reported. The license for Bl...

India Urged Iran to Finalize Farzad-B Gas field Award

• Tuesday, 6th December 2016
• by Egypt Oil & Gas

India has nudged Iran to quickly award rights to develop the coveted Farzad-B gas field in the Persian Gulf to ONGC Videsh by wrapping up negotiations that have been dragging on for months, Energy World Reported. Indi...

OVL Buys Stake in Massive Russian Field

• Monday, 7th September 2015
• by Egypt Oil & Gas

Indian firm OVL is buying a 15% stake in the massive Siberian oil field in Russia’s far East, Dispatch Times reported. The deal was finalized over the Vankor field, the second largest in Russia. Up to this point the f...