Offshore - Oil & Gas

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Rosneft and OVL likely to join hands for more oil & gas projects

Russia’s oil and gas major Rosneft is likely to join hands with India’s flagship explorer ONGC Videsh (OVL)  for more upstream projects. In September, OVL, the overseas arm of state-run explorer ONGC, had announced buying 15% stake in Vankorneft (that runs the Vankor oil field in East Siberia) from the Russian firm for $1.25 billion.

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Tatweer board reviews achievements

Tatweer Petroleum’s oil production achievements this year were reviewed during the company’s board of directors and management committee meetings chaired by Bahrain’s Energy Minister Dr Abdulhussain Mirza.

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