Company News

  • CA CFO AWARD Director (Finance) – ONGC Videsh Limited January 21, 2016 Mr. S.P. Garg, Director (Finance), ONGC Videsh was awarded the prestigious CA CFO ‘Oil and Gas Sector Award by the Institute of Chartered Accounts of India in a ceremony held on 16th January, 2016.The nominations were screened by a jury of eminent personalities headed by Mr. Kumar Mangalam Birla and the selection was made among members from the entire industry segment in India. Mr. S. P. Garg carries an experience of more than 35 years. He is a Fellow Member of the Institute of Chartered Accountants of India, the Institute of Company Secretaries of India and an Associate member of the ...
  • Corporate Social Responsibility (CSR) initiative in Sudan, steered by Mr. P.K. Rao, Director (Operations) of ONGC Videsh Limited December 16, 2015 During visit to Sudan, Director (Operations) of ONGC Videsh Limited, Mr. P.K. Rao steered a Corporate Social Responsibility (CSR) initiative, under the aegis of ONGC Nile Ganga BV (ONGBV) i.e. organization of a free medical camp on 21st November 2015. The free medical camp has been organized at Elhala Eljadida area, under the guidance of Commissioner of Ombadda, Khartoum. Warm Welcome to Director (Operations) by Commissioner of Ombadda and State authorities, Khartoum, Sudan   This medical camp was inaugurated by Director (Operations), ONGC Videsh, which was attended by all ONGBV expats and various state authorities such as Mr. Abdel Eltif Abdalla Fedaili, Commissioner of Ombadda, ...
  • OVL conferred with PM’s Merit Certificate to welcome 300 MMboe production milestone in Vietnam December 14, 2015 Indian, Russian and Vietnamese investors of Block 06.1 Offshore Gas Project in Vietnam celebrated in Hanoi recently the production landmark of 300 million barrels of oil equivalent. Another milestone was 13 years of safely operating Block 06.1, during which more than 29 million safe man-hours were achieved. On this occasion, ONGC Videsh Ltd., the largest stakeholder in Block 06.1, was awarded Prime Minister’s Merit Certificate in recognition of its contribution to the development of hydrocarbon industry in Vietnam and 13 years of safe operations. The ONGC Videsh team consisting of  Mr. Ajeet Kumar Deshwal, Regional President, Asia Pacific, Mr Tapas Kumar Mandal, ...
  • 2nd Enterprise Risk Assessment at Tomsk, Russia December 2, 2015 The second Enterprise Risk assessment for five functional groups and preparation of ERM manual was carried out from 23-27 Novemebr 2015 at Tomsk by a HQ team comprising Mr. Shambhu Nath Gupta, DGM(D) and Mr. Bimlesh Kumar Singh under the guidance of Mr. Arun Mittal, DGM(D)-CRO , ONGC Videsh with overwhelming support, participation & co-operation of entire Imperial Energy team. This was a follow-up to the Risk management Committee’s decision in Sept 2015. The ERM system was initially rolled out in March 2014 and risk assessment carried out in line with ISO 31000: 2009 and an  independent ERM structure , Policy ...
  • ONGC Videsh sponsors students from South Sudan December 1, 2015 In alignment with its mission to be a responsible corporate citizen, ONGC Videsh has offered to sponsor 20 students from South Sudan for the graduate level technical course in Petroleum Engineering in reputed institutes in India. Under this program, the first batch of five students was enrolled in the BSc (Petroleum Operations) course in the University of Petroleum & Energy Studies (UPES), Dehradun for the academic year 2014-15. The next batch of five students has been admitted in B. Tech. (Applied Petroleum Engineering), a four year degree course in the academic year 2015-16. Mr P. K. Rao, Director (Operations), ONGC ...
  • Initiatives in Enterprise Risk Management at ONGC Videsh November 16, 2015 The second batch of 12 executives of ONGC Videsh including Regional Presidents (risk owners, risk cell and core team members) were imparted two days’ Enterprise Risk Management (ERM) training by M/s BSI Group India Pvt. Ltd. on 3-4 November, 2015. With this, 25 executives have undergone this training in 2014-15. Director (Finance) addressed the valedictory session and interacted with the participants. Director (Finance) stressed on the importance of Risk Management for oil and gas sector, where uncertainties like crude oil pricing, geo-political situations, changes in regulations, environmental risk, exploration risk etc. can have a great impact on the company.  Mr. S.P ...