ONGC'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 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 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 managing director DK Sarraf is proud of acquiring another 10% stake in Mozambique’s gas-rich Rovuma basin from USbased Anadarko...

Oil 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.

OIL 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 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 hopes to increase the valuation of its 10% stake in a gas-rich block on expectations that region may hold bigger reserves of gas.

According to an investment banker directly involved in the transaction, Videocon's Venugopal Dhoot is expecting around $2.7 bn for his stak...

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 is also considering downstream investments such as setting up fertilizer and petrochemical plants in the country though a consort...

The gas-rich Rovuma Basin in Mozambique may hold close to 100 trillion cubic feet (tcf) of natural gas, said Texas-based Anadarko Petroleum.

The 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 and Videocon shares rallied in trade after Texas-based Anadarko Petroleum said it has discovered a major new gas find in in Mozambique

BPCL today said yet another well on the natural gas discovery block in offshore Mozambique has struck good quality reservoir.

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 ...

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 ...