Via Reuters, an article on a growing petroleum connection between India and Venezuela: Venezuela has agreed to give some oil to India’s ONGC Videsh to help it recoup its pending $600 million dividend for a stake in a project in the South American nation, India’s oil secretary said on Wednesday. Indian refiners have resumed purchase […]
Read more »Via NDTV, a look at the status of India’s bid to acquire a large stake in the Kashagam oil field: Oil and Natural Gas Corp’s (ONGC) $5 billion deal to acquire US energy giant ConocoPhillips’ stake in a Kazakhstan oil field is likely to fall through as India hasn’t been able to convince the Central […]
Read more »Via The Diplomat, analysis of the growing energy ties between China and India: On June 19, 2012 India’s Oil and Natural Gas Corp. (ONGC) and the China National Petroleum Corp. (CNPC) signed a Memorandum of Understanding (MoU). The MoU is intended to strengthen existing exploration and production (E&P) operations in Burma, Sudan, and Syria, and […]
Read more »Via Energy Daily, a look at India’s renewed efforts to secure an economic foothold in Africa in a new scramble with China for the continent’s resources, recently signing energy deals with top oil producers Angola and Nigeria. As the article notes: “…India has lagged behind China’s aggressive courting of African nations to secure rights to […]
Read more »Courtesy of The Financial Express, a report on ONGC Videsh Ltd’s (OVL), the special-function arm of state-owned oil and gas producer ONGC, efforts in finding equity oil abroad especially in Iran. As the article notes: “Iran is strategically important for us, as in a world worried over the progressive depletion of hydrocarbon reserves it is […]
Read more »Via Energy Daily, a report that Myanmar has signed a deal with South Korean and Indian companies to pipe natural gas from the energy-rich nation’s offshore fields to China. According to the article: “…The Myanma Oil and Gas Enterprise inked the deal last Wednesday with South Korean companies Daewoo and Korea Gas Corporation and Indian […]
Read more »