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ONGC MOZAMBIQUE PROJECT
ONGC rebrands itself as ‘gas and oil’ firm as natural gas output overtakes crudeState-run ONGC is shifting its focus, now prioritizing natural gas over crude oil. Chairman Arun Kumar Singh announced that gas production ...
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...
Force majeure on ONGC Mozambique project liftedThe consortium, led by operator Total Energies, had declared force majeure in May 2021 and suspended construction work that began in 2019 o...
ONGC to invest Rs 2 lakh crore to meet net-zero emissions goalONGC aims to invest $12.08 billion by 2030 to own 10 gigawatts of renewable energy capacity. The company is currently constructing a 5 giga...
ONGC Videsh plans to raise $525 million to redeem bonds set to mature soonONGC Videsh, the overseas arm of the state-run explorer Oil and Natural Gas Corp, is in talks with half a dozen foreign and domestic banks ...
Uncertainty over LNG project in MozambiqueTotal, the operator of the Mozambique project, has declared force majeure and evacuated all the personnel and contractors from the project ...
Mozambique gas project of OVL, OIL ties up $14.9 billion debt for LNG project financing"Oil India announces that Rovuma Offshore Area 1 consortium (Area-1), led by Total confirms, the finalization of the Mozambique LNG senior ...
ONGC Videsh board may consider listing of company at next meetingThe government has been pushing ONGC Videsh, the fully-owned unit of the state-run Oil and Natural Gas Corp, to go public.
OVL, partners agree to invest $20 billion in Mozambique LNG projectThe project will initially consist of two LNG trains with a total nameplate capacity of 12.88 million tonnes per annum.
ONGC to sell 9.5 million tonnes of liquefied natural gas a year from Mozambique projectIndian firms together own 30% participating interest in the Mozambique project, with ONGC owning 16%, Oil India 4% and Bharat Petroleum 10%.
India, Mozambique agree to develop Rovuma gas findOil Minister Dharmendra Pradhan met his Mozambique counterpart Leticia Klemens to discuss the development of the gas field.
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 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 ...
Buoyed by Krishna Godavari project, ONGC to see rise in outputIt is also enthused by studies that revealed availability of crude oil in the block, which was earlier seen primarily as a gas reserve.
ONGC Videsh Ltd Q1 profit jumps 72 per cent to Rs 837 croreNet profit in April-June quarter rose by 71.9 per cent to Rs 837 crore from Rs 487 crore in the same period a year ago, the company said.
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.
OVL-OIL to buy Videocon's 10% in Mozambique field for $2.45 bnONGC 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.
ONGC may lose $10bn global bidsONGC could be in for a major disappointment this month as its efforts to close two deals worth $10 billion to acquire prized energy assets ...
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...