- Message From Managing Director January 4, 2021 I thank you all for the kind wishes you have expressed on my appointment as the Managing Director Of ONGC Videsh. I have assumed the charge Of MD in the middle of the black swan event which has challenged the global hydrocarbon industry in an unimaginable manner and continues to exert pressure on its very existence. The Company has been through a transitionary phase in the last few years, in terms Of pressures Of returns on its portfolio, depletion of experience due to superannuation and transfers, and more importantly ageing of its production assets as they are past their peak/plateau production. ...
- Message from Managing Director – New Year 2021 January 1, 2021 I write this message at the onset of a new year, with new hopes that we have left behind a once-a-lifetime viral pandemic and things will move towards normalcy as we progress in the 2021. The oil & gas industry has been an underperformer for the second half of the decade and the unprecedented social and economic upheavals caused by the pandemic, just epitomizes the seriousness of the situation for oil industry and going forward oil demand. The consequential oil price collapse has tested the revenue and cash flow position of all global oil companies. As oilmen, we are mindful that ...
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