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ROVUMA GAS FIELD
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.- 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 ...
- ONGC, its partners developing LNG terminal in MozambiqueIn a step towards start of gas production from its giant Mozambique gas fields, state-owned ONGC and its partners have awarded contract 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, Oil India and Bharat Petroluem to invest $6 billion in MozambiqueONGC, OIL and BPCL will in the next four years invest $6 billion in developing a giant gas field off the Mozambique coast.
- Oil diplomacy: Dharmendra Pradhan to visit Mozambique next monthThis will be the first major diplomatic exercise overseas that is being undertaken by Pradhan since he became the oil minister.
- OIL to borrow $900 million to refinance Mozambique stake loanOil India Ltd plans to raise $ 900 million in foreign debt to refinance a loan taken to fund its share of a stake in a super-giant Mozambiq...
- ONGC Videsh-Oil India complete acquisition of Videocon stake for $2.475 billionONGC Videsh and Oil India have completed acquisition of Videocon Group's 10% stake in a giant Mozambique gas field for $2.475 bn, the compa...
- Govt approves OVL-OIL buying 20% stake in Mozambique gas fieldGovt has approved ONGC Videsh and OIL acquiring a total of 20% stake in a giant offshore gas field in Mozambique for over $5 billion.
- 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...
- Rovuma reserve likely to be revised upwards: DK Sarraf, OVLONGC Videsh managing director DK Sarraf is proud of acquiring another 10% stake in Mozambique’s gas-rich Rovuma basin from USbased Anadarko...
- OVL to buy Anadarko's 10% stake in Mozambique field for $2.6 billionONGC Videsh likely to buy Anadarko Corp's 10% stake in Mozambique gas field for $2.6 billion this week.
- 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.
- 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 ...
- ONGC jumps the gun, announces Videocon deal before it is dueOIL 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 ...
- India, China battle it out in Mozambique gas fields to secure energy assetsAccording to an investment banker directly involved in the transaction, Videocon's Venugopal Dhoot is expecting around $2.7 bn for his stak...
- 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...
- 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...
- Discovery at Africa's basin where Videocon & BPCL hold stake may strengthen India's energy securityThe 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 says gas block offshore Mozambique has good reservoirBPCL today said yet another well on the natural gas discovery block in offshore Mozambique has struck good quality reservoir.
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