Mexico auctions oil blocks to increase production but failed to attract giant international companies

Mexico kicked out foreign companies 77 years ago, but just last Wednesday the tables seem to turn as its government auctioned 14 exploration blocks to attract international energy companies, which will hopefully redeem the country's dwindling production.

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India's ONGC to spend $9 B in the next decade for oil, natural gas production

Oil & Natural Gas Corp or ONGC said it would be spending about $9 billion in the next ten years to produce oil found in new blocks in the east coast of India.

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SAIL, ONGC of India in discussions for a joint coal-bed methane exploration project

State-owned steel maker Steel Authority of India (SAIL) and the country's largest energy explorer, the Oil and Natural Gas Corporation, are in preliminary talks about jointly exploring coal-bed methane in Indian coal blocks. SAIL wants to use coal-bed methane to reduce input costs.

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RIght of pre-emption in Carabobo-1 not to be exercised by Indian oil firms

The consortium comprising of Indian Oil, ONGC Videsh and Oil India, as well as Repsol SA, would not be exercising the right of pre-emption of the vacated shares in the oil project previously owned by Petronas of Malaysia.

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ONGC to raise stake in Brazilian oil field- sources

Sources said the Oil & Natural Gas Corp (ONGC) would be buying a 12% stake in the Brazilian oil field owned by Petroleo Brasileiro (Petrobras).

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ONGC to increase overseas debt for USD2.64 billion acquisition

India's ONGC Videsh said it would increase its overseas debt to fund a USD2.64 acquisition.

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OVL to acquire 10% stake in Anadarko for USD2.6 billion

ONGC announced an acquisition deal for a 10% stake in Anadarko Corp priced USD2.6 billion.

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Reliance Industries Ltd and ONGC signs MoU for infrastructure sharing

ONGC and Reliance Industries signed a Memorandum of Understanding that allows them to share infrastructure on the east coast.

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Naptha Loading Offered End Of July By ONGC

Naptha supply offered by ONGC to potential buyers end of July

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ONGC and Oil India to Pay US$2.5 Billion for Mozambique Field Stake

State run oil and gas companies, ONGC and Oil India announced to pay US$2.5 billion for Mozambique field stake from Videovon Industries Ltd.

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Indian Government to Ask ONGC for Videocon Deal Error

The Indian government is asking for an explanation about a premature statement issued by ONGC regarding its US$2.5 billion deal with Videocon.

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ONGC Declares Mozambique Gas Deal Then Withdraws Statement

Oil and Natural Gas Company (ONGC) India withdrew its statement last Monday after announcing a deal with Rovuma Area 1 in Mozambique.

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