OVL Extends Contract for Vietnam Oil Blocks, Boosting Operations

21 Aug 2024 CW Team

ONGC Videsh Ltd. (OVL) has successfully secured an extension for its contract concerning oil blocks in Vietnam. This extension is a significant boost for the company, as it ensures continued operation and exploration in the region, which is crucial for OVL's international energy strategy.

The contract extension allows OVL to maintain its stake in the lucrative oil blocks, which are expected to yield substantial reserves. This move not only strengthens OVL?s foothold in Vietnam?s oil sector but also supports its broader goal of expanding its global oil production capabilities.

Vietnam's oil blocks have been a valuable asset for OVL, contributing to the company's overall production portfolio. The extension comes as part of OVL's strategic efforts to secure long-term resources and optimise its global operations.

The contract renewal reflects the confidence of both OVL and the Vietnamese authorities in the potential of these oil fields. It underscores the importance of sustained international partnerships in meeting global energy demands.

With this extension, OVL is well-positioned to continue its successful operations in Vietnam, contributing to the stability and growth of its international energy investments.

Infrastructure Urban

09 Jan 2026

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..

Sources Unlimited Introduces Vitamine Pendant Lamp by Melogranoblu

Sources Unlimited has launched the Vitamine Pendant Lamp by Melogranoblu in India, expanding its portfolio of curated international luxury lighting solutions. Designed and crafted in Italy, the Vitamine pendant reflects contemporary glass artistry, combining hand-blown craftsmanship with refined aesthetics and atmospheric illumination.The Vitamine Pendant Lamp is sculpted in hand-blown glass and is available in frosted, silver and black metallised finishes. Each finish offers a distinct visual identity while maintaining a cohesive and sophisticated design language. The lamp’s softly contoure..