India's ONGC Videsh Ltd has sold at least one cargo of Russian Sokol oil to India refiners Hindustan Petroleum Corp and Bharat Petroleum Corp after failing to draw interest in a tender earlier this month, sources familiar with the matter said…
ONGC Videsh Limited (OVL), a subsidiary of Indian national oil firm ONGC, has said it has entered a development stage for a deepwater gas project in Brazil.The company had registered a major gas discovery in 2019 in its deep offshore block BM-SEAL-4…
Indian oil and gas explorer ONGC said Monday it had, together with Coast Guard, helped avert a possible disaster relating to an empty LPG Tanker ‘Gas Yodla’ which went adrift after engine failure in the Arabian Sea on July 24, 2021. 'At 6:35 PM on that day…
ONGC, an Indian oil and gas company, said on Tuesday that cyclone Tauktae, which struck the Arabian Sea off the coast of Mumbai in the early hours of May 17, had impacted three of its barges and one of its drillships, causing them to lose their anchors and drift away…
Iran has signed a $1.78 billion contract with Petropars Group to develop the country's Farzad B gas field, Oil Ministry website SHANA said on Monday, after the failure of talks with Indian companies to develop the offshore site.Under the deal…
Russian oil company Lukoil has decided not to launch a binding takeover offer for Australian oil firm FAR, which owns a share in the Sangomar field offshore Senegal.FAR had in February received a conditional non-binding indicative proposal from Lukoil to acquire the shares of FAR at 2…
Australian oil and gas company FAR said Friday it would sell its stake in offshore blocks in Senegal to Woodside, subject to the approval of its shareholders, as proposed company takeover offers made by Remus and Lukoil were incomplete.To remind…
Russian oil company Lukoil is still working to obtain a share in the offshore block in Senegal containing the Sangomar development, after its first attempt last year to buy Cairn's share in the project was blocked out by Woodside, which exercised its pre-emption rights as a partner in the block…
Australian oil and gas company FAR has executed the sale agreement with Woodside for its interest in the Senegal RSSD Project to Australia's Woodside.FAR had agreed to sell its Senegal interests, containing the Sangomar development, to India's ONGC Videsh in November 2020…
Oil and gas explorer Far Ltd said on Thursday it received a A$209.6 million ($159.15 mln) all-cash takeover proposal from private investment firm Remus Horizons PCC Ltd.The offer values Far at 2.1 Australian cents per share, representing a premium of 90…
Australian oil and gas company Woodside, the operator of the offshore area in Senegal containing the Sangomar oil field development, has blocked India's ONGC from joining the project.To remind, FAR, Woodside's partner in the project, in November…
Australian oil and gas company FAR has agreed to sell its stake in Woodside-operated offshore blocks in Senegal, containing the Sangomar development, to India's ONGC Videsh.FAR has been working to sell its Senegal assets for months, as the company…
China-based offshore oil and gas-focused company CNOOC will acquire rights in Abu Dhabi's major offshore blocks Lower Zakum, Umm Shaif and Nasr.Abu Dhabi's national oil company ADNOC said Monday it would transfer part of rights in the offshore…
Exxon Neftegaz Ltd (ENL) is adjusting the schedule and scope of some of its activities at the Sakhalin-1 oil and gas project in far eastern Russia as it moves to cut spending in response to the coronavirus crisis and weak oil prices, it said on Friday…
U.S. oil giant Chevron has sold its stake in the BP-operated offshore oil fields in the Caspian Sea in Azerbaijan to Hungary's MOL for $1,57 billion.More specifically, Chevron sold its non-operating interests in the Azeri-Chirag-Deepwater Gunashli…
