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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 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...
- Oil India in talks with Mozambique for stake in Rovuma-1 gas field
Oil 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 reservoir
BPCL today said yet another well on the natural gas discovery block in offshore Mozambique has struck good quality reservoir.