ONGC Videsh

Mozambique Oil & Gas: ONGC says Mozambique LNG project FID set to 2019 first half

Posted on December 6, 2018 by Mozambique Resources Post

The final investment decision on ONGC Videsh’s multi-billion dollar Mozambique project will be taken in the first half of 2019 calendar year, a company executive said, India press reported.

Africa Oil & Gas: ONGC Videsh to buy 15% interest in Petroleum Exploration License 0030, Offshore Namibia

Posted on November 21, 2017 by Mozambique Resources Post

ONGC Videsh through its wholly owned indirect subsidiary ONGC Videsh Vankorneft Pte. Ltd. (OVVL)) has signed definitive binding agreements with Tullow Namibia Limited (Tullow), a wholly owned subsidiary of Tullow Oil plc, on 20 November 2017 for acquiring 15% participating interest in Namibia Petroleum Exploration License 0030 for Block 2012A and related agreements (License) from Tullow’s existing participating interest of 25% in the License.

Mozambique Oil & Gas: ONGC, Oil India, BPCL agreed to expedite development of Rovuma Area 1 gas field

Posted on October 18, 2017 by Mozambique Resources Post

India and Mozambique today agreed to expedite development of the giant Rovuma gas discovery, which is planned to be converted into LNG for exports.

Africa Oil & Gas: ONGC Videsh completes acquisition of interest offshore Namibia

Posted on October 5, 2017 by Mozambique Resources Post

ONGC Videsh, a wholly owned subsidiary of Oil and Natural Gas Corporation (ONGC), has completed the acquisition of 30% participating interest in Namibia Petroleum Exploration Licence 0037 for Blocks 2112A, 2012B and 2113B and related agreements, offshore Namibia from Tullow Namibia, a wholly owned subsidiary of Tullow Oil.

Africa Oil & Gas: ONGC Videsh acquires interest from Tullow in Petroleum Exploration Licence 0037, offshore Namibia

Posted on July 4, 2017 by Mozambique Resources Post

ONGC Videsh has signed definitive binding agreements with Tullow Namibia, a wholly owned subsidiary of Tullow Oil, on 28th June 2017 to acquire a 30% participating interest in Namibia Petroleum Exploration Licence 0037 for Blocks 2112A, 2012B and 2113B out of Tullow’s existing participating interest of 65% in the License.

Mozambique LNG Project: Oil India expects first LNG delivery in 2020

Posted on August 14, 2015 by Mozambique Resources Post

Oil India informed that it is expecting the first liquefied natural gas cargo delivery from the Anadarko-operated LNG project in Mozambique by first quarter 2020. The company has a 10% participating interest in the offshore Area 1 block together with ONGC Videsh.

Global Companies & Appointments: ONGC Videsh appoints Narendra Verma as Managing Director

Posted on August 29, 2014 by Mozambique Resources Post

Oil and natural gas corporation said that Narendra K. Verma has been named company’s Managing Director. Prior to joining the Board of Directors of ONGC, he was the Director (Exploration) for ONGC Videsh Limited with the responsibility of development and implementation of exploration strategy and business development for the growth of the company, and was actively responsible for strategizing and aggressively implementing the growth strategy of OVL with a couple of high value acquisition in…

Mozambique Mining Industry: India ONGC Videsh raises $2.2 billion via dollar and euro bonds

Posted on July 10, 2014 by Mozambique Resources Post

ONGC Videsh, the overseas investment arm of the country’s biggest state-owned energy explorer, has raised over $2.2 billion (about Rs 11,200 crore) through an issue of bonds in two currencies priced competitively to help the company replace debt raised for the financing of the acquisition of Mozambique oilfields in the Rovuma Basin.