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 ...

Mozambique wants the operators of the block to produce first gas by 2018, Minister for Mineral Resources Esperanca Bias told media.

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 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 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.

ONGC and Oil India Ltd (OIL) today made a joint bid to acquire up to 20 per cent stake in a gaint Mozambique gas field.

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...

Both the companies are running almost common auction process but the sale transaction will be separate, sources privy to the development sa...

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...

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

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

BPCL and Videocon are riding high on a giant gas find in Mozambique, where their stakes are valued at $2 billion each.

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