Company News

  • A talk on ‘Strategic Security Concepts’ at ONGC Videsh June 8, 2016 An insightful talk on ‘Strategic Security Concepts’ with special reference to ONGC Videsh operations at the ONGC Videsh, Delhi office by Mr Krishan Varma, former Special Secretary in the Cabinet Secretariat, Government of India,  kept the executives and the Board of Directors spellbound for over an hour. The talk was organized by the security team of ONGC Videsh, spearheaded by the ED- Security, ONGC, Mr DC Srivastava.   ED Chief Security enumerates the security challenges ED Security in his welcome address underlined the need for such a discourse in view of the fragile global security scenario. “As ED-Security, I plan to bring the ...
  • World Environment Day at ONGC Videsh June 7, 2016 World Environment Day was observed under the aegis of United Nations Environment Programme on the theme ‘Go Wild for Life’ to raise awareness towards illegal wildlife trade and environment and to take positive actions to protect the planet Earth. Employees and families of ONGC Videsh participated with enthusiasm in various competitions surpassing the previous record, indicating increasing awareness and commitment towards the environment. Awareness drive was carried out by HSE Group for one week on various topics related to the environment. Mr. Narendra K. Verma, MD & CEO through his message to employees asked their individual commitment not only to change themselves, ...
  • Outreach program for young students June 6, 2016 Background: ONGC Videsh Ltd. is a Miniratna Schedule “A” Central Public Sector Enterprise (CPSE). It is the wholly owned subsidiary and overseas arm of Oil and Natural Gas Corporation Limited (ONGC), the flagship national oil company (NOC) of India having net worth of around INR 1,84,000 crores. The primary business of ONGC Videsh is to prospect for oil and gas fields outside India, including exploration, development and production of oil and gas. ONGC Videsh owns Participating Interests in 37 oil and gas assets in 17 countries and contributes to 14.8% of oil and 12.5 % of oil and natural gas production ...
  • ONGC Videsh to set up oil trading desk May 19, 2016 ONGC Videsh Ltd, the overseas investment arm of public sector exploration major ONGC, is looking to set up a crude oil trading vertical soon. The company, which is traditionally into the business of exploration and production, proposes to set up this vertical once it has sizeable hydrocarbon volumes to sell. OVL is in talks with international players to set up a desk overseas. “We aspire and aim to develop our own marketing capability to capture better value of our hydrocarbons and whatever we produce — actually a downward integration to capture better value for our produce,” Narendra K Verma, OVL, Managing Director, ...
  • National Safety Day at ONGC Videsh March 8, 2016 ONGC Videsh celebrated the National Safety Day on Friday, March 4. The initiative was conducted as part of the National Safety Day campaign, celebrated across India every year under the National Safety Council to enhance the safety awareness among people. The theme for this year’s celebration was to ‘Strengthen the Safety movement to Achieve Zero Harm’. Employees and families of ONGC Videsh participated with enthusiasm in poster, cartoon and slogan competition in numbers which surpassed all the previous years; this indicated the increasing awareness and commitment of ONGC Videsh towards HSE. An online quiz was also launched in which the employees ...
  • INAUGURATON OF ONGC VIDESH G&G CENTRE OF EXCELLENCE AT HOUSTON March 4, 2016 On 23rd Feb 2016, the ONGC Videsh G&G Centre of Excellence at Houston, USA was inaugurated by Mr. Narendra K Verma, CEO and Managing Director, ONGC Videsh along with Mr. A.K. Dwivedi, Director (Exploration), ONGC and Mr. S.P. Garg, Director (Finance), ONGC Videsh. The G&G Centre of Excellence has been conceptualized and formed to act as a think tank and resource base to augment the efforts of ONGC Videsh in its exploration, development and producing assets. The Centre has come up from scratch, literarily built brick by brick over last one year. The Centre is manned by a very competent team ...