The consortium, led by operator Total Energies, had declared force majeure in May 2021 and suspended construction work that began in 2019 o...

ONGC 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, the overseas arm of the state-run explorer Oil and Natural Gas Corp, is in talks with half a dozen foreign and domestic banks ...

Total, the operator of the Mozambique project, has declared force majeure and evacuated all the personnel and contractors from the project ...

"Oil India announces that Rovuma Offshore Area 1 consortium (Area-1), led by Total confirms, the finalization of the Mozambique LNG senior ...

The government has been pushing ONGC Videsh, the fully-owned unit of the state-run Oil and Natural Gas Corp, to go public.

The project will initially consist of two LNG trains with a total nameplate capacity of 12.88 million tonnes per annum.

Indian firms together own 30% participating interest in the Mozambique project, with ONGC owning 16%, Oil India 4% and Bharat Petroleum 10%.

Oil Minister Dharmendra Pradhan met his Mozambique counterpart Leticia Klemens to discuss the development of the gas field.

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

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 ...

It is also enthused by studies that revealed availability of crude oil in the block, which was earlier seen primarily as a gas reserve.

Net 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.

Oil and Natural Gas Corp (ONGC) will acquire 10% stake of Anadarko Petroleum Corp in an offshore block in Mozambique for $2.64 billion.

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.

ONGC could be in for a major disappointment this month as its efforts to close two deals worth $10 billion to acquire prized energy assets ...

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...