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GAS FIELD IN MOZAMBIQUE
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up to 24%When business updates start to come in or when some FMCG or auto companies indicate that things are not all good in the rural space, we may...- ONGC rebrands itself as ‘gas and oil’ firm as natural gas output overtakes crudeState-run ONGC is shifting its focus, now prioritizing natural gas over crude oil. Chairman Arun Kumar Singh announced that gas production ...
- ONGC bets on gas-led growth as premium pricing boosts profitabilityONGC anticipates natural gas will drive its future growth and profitability. New high-priced gas production is set to increase significantl...
- OVL plans 400-mn euro overseas bond issue to partly repay its debtThe ONGC unit will have to tap the debt market again for repayment of about three-fourths of the Rs 525 million due
- New development plan okayed for Mozambique gas field where Indian firms hold stakeThe Golfino Atum Project will be Mozambique’s first onshore LNG development and will supply initial volumes of about 100 million cubic feet...
- If Exxon-ENI deal goes through, BPCL may get a stock re-ratingThe Mozambique field has two areas. Area 1 is the field in which BPCL holds 10%, operator for which is Anadarko, and Area 4 is operated by ...
- 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 ...
- 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.
- ONGC lines up $3 billion investment in MozambiqueWith ONGC lining up USD 3 billion more investment in a giant Mozambique gas field, India today pressed the African nation to approve a law ...
- Cabinet nod for signing pact with Mozambique for oil & gasOffshore gas discoveries in 2010 in two adjacent offshore blocks have seen the emergence of Mozambique as a significant hydrocarbon rich na...
- Oil and Natural Gas Corp's Mozambique gas field holds 50-70 trillion cubic feet of recoverable reserves: ReportONGC giant gas field in Mozambique holds 50 to 70 Tcf of recoverable reserves, 43% more than the minimum estimated resources, says a report.
- ONGC Videsh in talks to import LNG at $15 from MozambiqueThe consortium, which is setting up huge LNG facilities in gas-rich Mozambique, has already contracted the first LNG train of 5.5 million t...
- India to import LNG from Mozambique: Veerappa MoilyMozambique wants the operators of the block to produce first gas by 2018, Minister for Mineral Resources Esperanca Bias told media.
- ONGC rallies as arm OVL, OIL India ink pact with Videocon for Mozambique gas fieldAt 01:25 p.m.; the ONGC was at Rs 311.65, up 4.28 per cent, Oil India slipped 0.17 per cent and Videocon was down 1.40 per cent.
- 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 ...
- 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...
- ONGC in talks to buy Videocon's stake in Mozambique gas fieldOil Minister M Veerappa Moily had stated that LNG from Mozambique may be imported at the planned LNG terminal at Mangalore to feed the sout...
- BPCL, Videocon to make LNG plant in Northern MozambiqueThe LNG complex will in time have capacity to produce about 50 million tonnes of LNG a year, Anadarko said.
- 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...
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