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MOZAMBIQUE GAS FIELD
ONGC bets on gas-led growth as premium pricing boosts profitabilityONGC anticipates natural gas will drive its future growth and profitability. New high-priced gas production is set to increase significantl...- India-China energy cooperation doesn't require warm relations, or lofty civilisational rhetoricIndia and China face a new opportunity in energy markets. Past cooperation in Africa, despite challenges, shows potential. Both nations see...
- OVL plans 400-mn euro overseas bond issue to partly repay its debtThe ONGC unit will have to tap the debt market again for repayment of about three-fourths of the Rs 525 million due
- New development plan okayed for Mozambique gas field where Indian firms hold stakeThe Golfino Atum Project will be Mozambique’s first onshore LNG development and will supply initial volumes of about 100 million cubic feet...
- If Exxon-ENI deal goes through, BPCL may get a stock re-ratingThe Mozambique field has two areas. Area 1 is the field in which BPCL holds 10%, operator for which is Anadarko, and Area 4 is operated by ...
- Slump in LNG prices delays production at Mozambique gas fieldThe Mozambique project, however, is not unique in this as many other projects globally face the same stress brought on by the price crash.
- ONGC, partners to invest $24 billion in Mozambique gas fieldONGC and its partners will invest about $24 billion in producing natural gas from a giant field off Mozambique, converting it into LNG for ...
- India to invest $6 billion more in Rovuma gas fieldIndia will double its investment in the Mozambique’s Rovuma gas field by spending another $6 billion by 2019, said oil minister Dharmendra ...
- ONGC lines up $3 billion investment in MozambiqueWith ONGC lining up USD 3 billion more investment in a giant Mozambique gas field, India today pressed the African nation to approve a law ...
- Cabinet nod for signing pact with Mozambique for oil & gasOffshore gas discoveries in 2010 in two adjacent offshore blocks have seen the emergence of Mozambique as a significant hydrocarbon rich na...
- ONGC Videsh to borrow record $4 bn for Mozambique stakeOVL and OIL's purchase of Videocon's stake is in a 60:40 ratio, with OVL's share at $1.485 billion. To fund this, the company will raise $1...
- Oil India to raise $900 million debt for Mozambique field stake buyOil India Ltd said it will raise $800-900 million in foreign debt to finance its share in the Mozambique gas field it is making with ONGC.
- To buy 40% stake in Mozambique gas field: TK Ananthkumar, OIL IndiaThe appreciation value is 2.475 subject to government approvals and Oil India shall be taking 40% of this and OVL will be 60%.
- ONGC rallies as arm OVL, OIL India ink pact with Videocon for Mozambique gas fieldAt 01:25 p.m.; the ONGC was at Rs 311.65, up 4.28 per cent, Oil India slipped 0.17 per cent and Videocon was down 1.40 per cent.
- ONGC retracts statement on Videocon dealOil & Natural Gas Corp (ONGC), India’s largest state-owned company, created a flutter on Monday evening as it retracted its earlier stateme...
- ONGC announces $2.5 bn deal, withdraws hours laterOIL too felt such an announcement was at least a couple of days away and should have been done only when the requisite agreements had been ...
- Videocon starts selling stake in Mozambique gas fieldThe company, along with USbased Anadarko Petroleum Corp, is in the process of together auctioning 20% stake in the oil field to raise an ag...
- ONGC in talks to buy Videocon's stake in Mozambique gas fieldOil Minister M Veerappa Moily had stated that LNG from Mozambique may be imported at the planned LNG terminal at Mangalore to feed the sout...
- BPCL, Videocon to make LNG plant in Northern MozambiqueThe LNG complex will in time have capacity to produce about 50 million tonnes of LNG a year, Anadarko said.
- Oil India in talks with Mozambique for stake in Rovuma-1 gas fieldOil India is also considering downstream investments such as setting up fertilizer and petrochemical plants in the country though a consort...
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