"The sale is subject to certain conditions precedent and regulatory approvals. The transaction is expected to close in the third quarter of...

ONGC Videsh, fresh after buying Videocon's 10% stake in the Rovuma basin in Mozambique, has bid for an additional 10% stake in the basin.

ONGC Videsh Ltd and Oil India Ltd will buy Videocon Industries' 10 per cent stake in a giant Mozambique gas field for USD 2.475 billion.

Videocon Industries and Bharat Petroleum Corp Ltd (BPCL) have reported a fourth huge natural gas discovery in an offshore Mozambique block.

Videocon hopes to increase the valuation of its 10% stake in a gas-rich block on expectations that region may hold bigger reserves of gas.

Oil India is also considering downstream investments such as setting up fertilizer and petrochemical plants in the country though a consort...

India has offered to build fertiliser and petrochemical plants in Mozambique if the gas-rich African nation gives fuel at concessional rate...

Videocon Industries is considering selling its 10 per cent stake in Mozambique’s Rovuma basin, scrapping an earlier plan to transport gas f...

The gas-rich Rovuma Basin in Mozambique may hold close to 100 trillion cubic feet (tcf) of natural gas, said Texas-based Anadarko Petroleum.

Shares of Videocon and BPCL rose in trade on Monday after Texas-based Anadarko Petroleum announced new natural gas discovery in Mozambique.

The new discovery would make the basin's reserves 20 times the size of India's KG-D6 and make Mozambique a major exporter of LNG.

BPCL and Videocon shares rallied in trade after Texas-based Anadarko Petroleum said it has discovered a major new gas find in in Mozambique

Energy companies operating in Mozambique are eyeing the vast Indian market and have started discussions with state energy firms.

BPCL plans to build an LNG import facility and pipeline infrastructure in India to transport gas from a Mozambique block in which it holds ...

The Tubarao discovery well was drilled to a total depth of around 4,237-metres in water depths of approximately 900 metres.

State-owned Bharat Petroleum Corp said it has made a second natural gas discovery in a block off Mozambique, but did not give the scale of ...

Leading domestic corporates that have descended on the South-East African country include Reliance Energy, Tata Power Company, Essar Power,...