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ROVUMA RESERVE
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.
Gas reserves at Mozambique field scaled up; ONGC, BPCL cheerONGC's giant gas field in Mozambique holds 45 to 70 trillion cubic feet (tcf) of recoverable reserves, 28 per cent more than the minimum es...
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.
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...
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 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 ...
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.
Videocon expects increased valuation of Mozambique blockVideocon hopes to increase the valuation of its 10% stake in a gas-rich block on expectations that region may hold bigger reserves of gas.
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...
- BPCL, Videocon Mozambique gas find holds huge reserves
The gas-rich Rovuma Basin in Mozambique may hold close to 100 trillion cubic feet (tcf) of natural gas, said Texas-based Anadarko Petroleum.
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, Videocon stocks rally on Mozambique gas find
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 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.
- OVL-GAIL eyes UK co in $1b deal
OVL has teamed up with GAIL India to place a joint bid to acquire UK-based energy firm Cove Energy Plc, a deal valued over $1.2 billion or ...
- BPCL discovers 2nd natural gas reserves at Mozambique
State-owned Bharat Petroleum Corp said it has made a second natural gas discovery in a block off Mozambique, but did not give the scale of ...