Chevron's game-changing $53 billion deal with Hess Corp: A bold step into Guyana's oil boomChevron Corp has announced a $53 billion all-stock deal to acquire its smaller rival, Hess Corp, in a move that will reshape the energy lan...
Chevron to buy Hess Corp for $53 bln in all-stock dealChevron has announced its plans to acquire Hess in a $53 billion all-stock deal, aiming to expand its presence in the oil-rich region of Gu...
First Guyanese crude cargo to India on its way to Mundra PortIndia has asked refiners to speed up the diversification of imports to cut their dependence on Middle Eastern crudes after OPEC+ decided th...
Meet the economy that the IMF sees growing 86% in 2020Guyana, a country of 780,000 that neighbors Brazil and Venezuela in the region’s northeast corner, will see its economy balloon 86% next ye...
ONGC unit to buy stake in Anadarko Mozambique block for $2.6 bnOil and Natural Gas Corp (ONGC) will acquire 10% stake of Anadarko Petroleum Corp in an offshore block in Mozambique for $2.64 billion.
Reliance, ONGC, Cairn in race for Myanmar blocksRIL, ONGC Videsh and Cairn India are vying with energy giants Shell, ConocoPhillips & ExxonMobil for 30 offshore oil and gas blocks.
ONGC Videsh eyes energy assets in US; Oil India close to buying Africa assetAfter Kazakhstan, and Mozambique, ONGC Videsh and Oil India have set their sights on acquiring new oil and gas assets in the US and Africa.
OVL to raise up to $1 billion via dollar issue to fund Azerbaijan buyONGC Videsh, the overseas arm of state-owned Oil & Natural Gas Corp (ONGC), on Tuesday said it aims to raise up to $1 billion through a dol...
- ONGC Videsh Ltd to raise $1 billion to fund Azeri acquisition
The company, which gets most of its funds from its parent firm, has already appointed merchant bankers for raising the debt, a source said.
- 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 plans to raise $1 bn via dollar bonds issue in Q1 of FY13 to fund its recent acquisition in Azerbaijan
ONGC Videsh plans to raise about $ 1 billion through a dollar bonds issue early next year to fund its recent acquisition in Azerbaijan.
Broker's call on JPV, ONGC, Prestige Estate Projects, InfosysCitigroup has maintained a ‘Buy’ recommendation on Jaiprakash Power Ventures and set a target price of Rs 46 to factor in 2-11% EPS cut.
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.
- Sprint Nextel executives top list of most overpaid
An investor advisory firm has deemed Sprint Nextel Corp executives the most overpaid in corporate America, with top managers awarded pay va...
- China begins work on advanced nuclear reactor
China has begun excavation work to build what it called the most advanced nuclear reactor in the world with transfer of technology from a U...