ONGC to invest $200 million to revive Venezuela oilfield
Oil and Natural Gas Corp (ONGC) plans to invest about $200 million to revive output at its San Cristobal oilfield in Venezuela, which has dropped to 4,000-5,000 barrels per day from a…
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India’s crude imports from Venezuela jump amid Hormuz disruptions
India's crude oil imports from Venezuela have risen sharply since purchases resumed in April, with the South American nation becoming the fourth-largest supplier to India in August, according to Kpler data. Venezuelan…
India open to Venezuelan oil while US exemption lasts
India will continue buying crude from Venezuela as long as the US sanctions exemption remains in place and the economics are favourable, government sources told The Hindu Businessline. In August, Venezuela became…
ONGC gets US sanction waiver, set to resume full Venezuela ops
State-run Oil and Natural Gas Corporation (ONGC) has secured a licence from the US Treasury's Office of Foreign Assets Control (OFAC), allowing it to resume full operations in Venezuela after years of…
ONGC gets US licence to resume full Venezuela operations
State-owned ONGC has secured a licence from the US Treasury's Office of Foreign Assets Control (OFAC), allowing it to resume full operations in Venezuela after years of curtailment due to sanctions, the…
Venezuela democracy prospects improve after US-backed talks
An initial round of negotiations between Venezuela’s regime and opposition ended on August 12th with a modest agreement to begin judicial reform, including of the Supreme Court, The Economist reports. Further talks…
Marc Anthony, Chayanne to headline benefit concert for Venezuela, Colombia quakes
Latin music stars Marc Anthony, Chayanne, Luis Fonsi and others will perform at a benefit concert in Miami on August 16 to raise money for earthquake relief in Venezuela and Colombia, Hindustan…
Venezuela blackout protests reach Caracas, target Delcy Rodríguez
On Thursday, protests over daily blackouts reached parts of Caracas, with residents venting anger at interim President Delcy Rodríguez, according to timesnownews.com. The unrest follows months of demonstrations in other states since…
ONGC targets higher output as Q1 profit rises 21%
ONGC expects oil and gas production to reach about 39 million metric tonnes of oil equivalent this financial year and 40 MMTOE in 2027-28, The Hindu reports. Output stood at about 38.87…
