Search results for: Rovuma Area

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  • 13 December 2011

    Cove Energy plc, the AIM quoted upstream oil and gas company, announced an update on activities in their 8.5 per cent participating interest in the Mozambique Offshore Area 1 block (Rovuma Area 1). Cove reports that the latest appraisal well, Lagosta 2 (7.4km north of Lagosta 1), has spudded on 11 December 2011 and it […]

  • 8 January 2014

    ONGC Videsh Limited (OVL) and Oil India Limited (OIL) have completed the acquisition of 10% PI in the Rovuma Area 1 offshore Block, Mozambique by acquiring 100% shares of Videocon Mozambique Rovuma 1 Limited, the company holding the 10% PI in the Area 1 from Videocon Mauritius Energy Limited. On 25th June 2013, definitive agreements […]

  • 30 May 2012
    Business & Finance

    Thailand’s PTTEP has received written consent from the Republic of Mozambique’s Minister of Mineral Resources related to the indirect acquisition of Cove Energy’s interest in Rovuma Offshore Area 1 which would arise on the takeover of the company. The receipt of this written consent can confirm that Mozambique’s government has strong confidence and trust in […]

  • 13 December 2011
    Business & Finance, Operations & Maintenance

    Cove Energy pic, the AIM quoted upstream oil and gas company, announces an update on activities in their 8.5 per cent participating interest in the Mozambique Offshore Area 1 block (“Rovuma Area 1”). Cove reports that the latest appraisal well, Lagosta 2 (7.4km north of Lagosta 1), has spudded on 11 December 2011 and it […]

  • 13 December 2011
    Business & Finance

    Cove Energy plc , the AIM quoted upstream oil and gas company, announces an update on activities in their 8.5 per cent participating interest in the Mozambique Offshore Area 1 block (“Rovuma Area 1”). Cove reports that the latest appraisal well, Lagosta 2 (7.4km north of Lagosta 1), has spudded on 11 December 2011 and […]

  • 8 January 2014

    ONGC Videsh Limited (OVL) and Oil India Limited (OIL) have completed the acquisition of 10% PI in the Rovuma Area 1 offshore Block, Mozambique by acquiring 100% shares of Videocon Mozambique Rovuma 1, the company holding the 10% PI in the Area 1 from Videocon Mauritius Energy. On 25th June 2013, definitive agreements were signed […]

  • 4 October 2013

    The Cabinet Committee on Economic Affairs, Government Of India, has approved the proposal of the Ministry of Petroleum and Natural Gas to authorize ONGC Videsh Limited (OVL) and Oil India Limited (OIL) to acquire 20 percent Participating Interest (PI) in Rovuma Area 1 Offshore Block in Mozambique (Area 1). The transaction comprises acquisition of: (a) 100 […]

  • 4 March 2014
    Business & Finance

    India’s ONGC Videsh Limited (OVL) has completed the acquisition of 10% participating interest (“PI”) in the Rovuma Area 1 offshore Block from Anadarko Moçambique Area 1 Limitada. On the 24th August 2013, OVL signed definitive agreements with Anadarko to acquire this interest. “Acquisition of an additional 10% Interest in Area 1 follows our earlier announcement […]

  • 17 August 2012

    Mr. Tevin Vongvanich, the President and CEO of PTT Exploration and Production Public Company Limited or PTTEP, revealed that PTTEP Africa Investment Limited or PTTEP AI, a wholly owned subsidiary of PTTEP successfully acquired the entire shares capital of Cove Energy Plc. The Offer process is declared wholly completed. On August 15, PTTEP received written […]

  • 17 August 2012
    Business & Finance, Equipment

    Thailand’s PTT Exploration and Production Public Company Limited or PTTEP has acquired the entire shares capital of Cove Energy Plc. The Offer process is declared wholly completed. On August 15, 2012, PTTEP received written consent to the indirect change of control in Cove from the Republic of Mozambique’s Minister of Mineral Resources. This consent was […]

  • 5 January 2012

    Cove Energy, the AIM quoted upstream oil and gas company, has put itself up for sale as the company looks to extract maximum value from the development of its offshore operations in Mozambique. “Rovuma Area 1 Interest represents a substantial portion of Cove’s asset value within the portfolio of focussed and complementary assets which the […]

  • 10 June 2013

    ONGC Videsh Limited (OVL) and Oil India Limited (OIL) have signed a definitive agreement with Videocon Mauritius Energy Limited to acquire 100% of shares in Videocon Mozambique Rovuma 1 Limited for US$ 2475 million. The company holding a 10% participating interest in the Rovuma Area 1 Offshore Block in Mozambique (Area 1). The acquisition is […]

  • 15 March 2013

    India’s state-run oil and gas companies ONGC and Oil India have launched a joint bid for a 20 pct share in Mozambique’s offshore Rovuma Area 1, previously offered for sale by Anadarko and Videocon, Reuters has reported, citing a source close to the matter. The Economic Times on March 5, reported that Anadarko and Videocon […]

  • 14 February 2014

    ONGC Videsh Limited (OVL), the overseas arm of Oil and Natural Gas Corporation Limited (ONGC), has entered into separate agreements with two consortiums of international banks to raise USD 2.5 billion by way of offshore borrowings to finance its acquisition of 10% participating interest in Rovuma Area I Block in Mozambique offshore. The first facility […]

  • 11 June 2013

    A press release prepared in connection with a potential definitive agreement for ONGC Videsh Limited and Oil India Limited to acquire interest in the Rovuma Area 1 Offshore Block in Mozambique from the Videocon Mauritius Energy Limited, erroneously got issued yesterday, ONGC Videsh said in a statement. “While we confirm that, we are in advanced […]

  • 6 March 2013

    Anadarko, a US-based independent oil company, and India’s Videocon are looking to sell stake in Rovuma Area 1 offshore Mozambique, The Economic Times has reported. According to the ET, Videocon plans to receive between USD 2.5 and 3 billion for its 10% stake in the gas rich area. Anadarko, the operator of the field is […]

  • 7 April 2014

    ONGC Videsh (OVL), which holds a small stake in Anadarko-operated giant gas field off Mozambique, is reportedly in negotiations with the consortium to buy liquefied natural gas. “Price is about $13-14 (per unit) as per the consortium’s pricing formula. About $1 would be additional cost for transportation etc,” The Economic Times cited OVL‘s managing director […]

  • 4 March 2014

    ONGC Videsh Limited (OVL) said it has completed the acquisition of 10% participating interest in the Rovuma Area 1 offshore Block from Anadarko Moçambique Area 1 Limitada. On the 24th August 2013, OVL signed definitive agreements with Anadarko to acquire this interest. Acquisition of an additional 10% Interest in Area 1 follows the company’s earlier […]

  • 17 April 2015

    Minister of State Petroleum & Natural Gas Dharmendra Pradhan visited Mozambique where he held meetings with his counterpart the Minister of Mineral Resources & Energy, Pedro Couto, and Foreign Minister Baloi and called on Prime Minister Agostino Rosario.

  • 11 June 2013

    India’s oil and gas company ONGC Videsh Limited has withdrawn a press release issued yesterday in which the company announced it had, together with Oil India, acquired interest in the Rovuma Area 1 Offshore Block in Mozambique from the Videocon Mauritius Energy Limited. The company said that the press release got issued ‘erroneously’. “While we confirm […]

  • 17 April 2015

    Minister of State Petroleum & Natural Gas Dharmendra Pradhan visited Mozambique where he held meetings with his counterpart the Minister of Mineral Resources & Energy, Pedro Couto, and Foreign Minister Baloi and called on Prime Minister Agostino Rosario.

  • 17 March 2013
    Business & Finance, Equipment, Project & Tenders

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