The ONGC unit will have to tap the debt market again for repayment of about three-fourths of the Rs 525 million due

The Golfino Atum Project will be Mozambique’s first onshore LNG development and will supply initial volumes of about 100 million cubic feet...

The 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 ...

The Mozambique project, however, is not unique in this as many other projects globally face the same stress brought on by the price crash.

ONGC and its partners will invest about $24 billion in producing natural gas from a giant field off Mozambique, converting it into LNG for ...

India will double its investment in the Mozambique’s Rovuma gas field by spending another $6 billion by 2019, said oil minister Dharmendra ...

With ONGC lining up USD 3 billion more investment in a giant Mozambique gas field, India today pressed the African nation to approve a law ...

Offshore gas discoveries in 2010 in two adjacent offshore blocks have seen the emergence of Mozambique as a significant hydrocarbon rich na...

Oil 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.

The appreciation value is 2.475 subject to government approvals and Oil India shall be taking 40% of this and OVL will be 60%.

At 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.

Oil & Natural Gas Corp (ONGC), India’s largest state-owned company, created a flutter on Monday evening as it retracted its earlier stateme...

OIL 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 ...

The company, along with USbased Anadarko Petroleum Corp, is in the process of together auctioning 20% stake in the oil field to raise an ag...

Oil Minister M Veerappa Moily had stated that LNG from Mozambique may be imported at the planned LNG terminal at Mangalore to feed the sout...

The LNG complex will in time have capacity to produce about 50 million tonnes of LNG a year, Anadarko said.

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