LIVE MARKET TRACKER :   BSE SENSEX        |    NSE NIFTY    
GLOBAL MARKETS :  NASDAQ      |    FSI London      |    NIKKEI Japan  
  USD GBP EUR CAD AUD INR
USD -
GBP -
EUR -
CAD -
AUD -
INR -
Indian-Commodity  :  Corporate  :  ONGC's arm concludes acquisition of 30% PI in Namibia Petroleum Exploration License

ONGC's arm concludes acquisition of 30% PI in Namibia Petroleum Exploration License (05-Oct-2017)

Oil and Natural Gas Corporation's (ONGC) wholly owned subsidiary - ONGC Videsh has completed the acquisition of 30% Participating Interest (PI) in Namibia Petroleum Exploration License U03/ for Blocks 2112A, 2012B and 2113B and related agreements (License), Offshore Namibia from Tullow Namibia (Tullow), a wholly owned subsidiary of Tullow Oil plc. Tullow with remaining 35% Participating interest shall continue to remain the operator of the License. Pancontinental Namibia with 30% Participating interest and Paragon Oil and Gas with 5% Participating interest are other partners in the License.

The completion of the present transaction marks ONGC Videsh entry in Namibian offshore and is consistent with its strategic objective of adding high impact exploration and production assets to its existing E&P portfolio.

ONGC is India's largest government-run corporation and produces about 70% of India's crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.


Top News Today
Captain Polyplast wins 'Star Performer Award 2017-18'
(25-Apr-2018)

Captain Polyplast wins Captain Polyplast has won 'Star Performer Award ' from Indian oil Corporation for achieving highest sales of Polymer during the financial year 2017-18 among new appointed DCA.Captain Polyplast, an ISO......click on news to read complete article.

RIL's telecom arm adds 8.74 million subscribers in February
(25-Apr-2018)

RILReliance Industries' (RIL) telecom arm - Reliance Jio Infocomm (Jio) has added 8.74 million customers in February, taking its market share to 15.31% up from 14.62% in January, 13.71% in December, 13.08%......click on news to read complete article.

DCM Shriram gets nod for investment proposal, capacity expansion at Kota plant
(25-Apr-2018)

DCM Shriram gets nod for investment proposal, capacity expansion at Kota plantDCM Shriram has received an approval for the investment proposal of PVC - Replacement of Polymerisers with Capacity Expansion at company's Plant at Kota. The Board of Directors of the company in their......click on news to read complete article.

International Stock News
Asian markets trade lower in early deals
(25-Apr-2018)

Asian markets trade lower in early dealsAll the Asian markets are trading in red terrain in early deals following the overnight sell-off on Wall Street. Warnings on profit outlook from bellwether U.S. companies and worries about rising bond......click on news to read complete article.

US markets closed lower; rising bond yields spook investors
(25-Apr-2018)

US markets closed lower; rising bond yields spook investorsThe US markets closed lower on Tuesday, led by a selloff in industrials, materials and technology shares. The selling pressure came after the 10-year Treasury yield briefly touched the psychologically......click on news to read complete article.

Asian markets trade mostly in red in early deals on Tuesday
(24-Apr-2018)

Asian markets trade mostly in red in early deals on TuesdayMost of the Asian equity indices are trading lower in the early deals on Tuesday as a deluge of US government debt this week and the specter of inflation and a higher fiscal deficit drove US borrowing......click on news to read complete article.

 

     
  
Recent Corporate News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.