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EXXONMOBIL AZERBAIJAN DEAL
ONGC shares jump 3% on signing gas deal in AzerbaijanThe addendum to the ACG PSA allows progress in exploring, appraising, developing, and producing Non-Associated Natural Gas (NAG) from the A...
ONGC Videsh to acquire stake in ACG oil field, AzerbaijanAccording to a press release, the agreement encompasses the acquisition of a 0.615 per cent participating interest (PI) in the ACG field an...
Oil India, OVL agree to buy stake in Mozambique gas field for $2.47 billionThe reserves of Mozambique gas field stand at 35-65 tcf and we will look to transport LNG to India, TK Ananthkumar of Oil India said.
ONGC Videsh Ltd to raise $3 bn for Kazakh acquisitionOVL in November last year agreed to buy ConocoPhillips' 8.4 per cent stake in Kazakhstan's biggest oilfield, Kashagan, for USD 5 billion.
- OVL completes acquisition of 2 Caspian assets
US energy firm Hess Corporation has completed the $1-billion sale of its stakes in oil-rich Chirag and Guneshli fields to ONGC Videsh (OVL).
Cabinet Committee on Economic Affairs approves OVL's $1 billion Azerbaijan acquisitionThe Cabinet Committee on Economic Affairs (CCEA) today approved ONGC Videsh Ltd's acquisition of stake in an Azerbaijan oilfield for $ 1.00...
- CCEA to consider approving OVL's $1 bn Azerbaijan acquisition
The acquisition was subject to government and regulatory approvals and is expected to close by the first quarter of 2013.
OVL to buy Hess' stake in Azeri-Chirag-Gunashli oil fieldOVL has reached an agreement to buy 2.72% stake held by Hess in the largest oil field in the Azerbaijan sector, sources said.