Search results for: Videocon

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  • 7 February 2014

    Russia’s Rosneft has reportedly offered 10 offshore blocks to India’s ONGC Videsh (OVL). According to The Economic Times, OVL , the wholly owned subsidiary and overseas arm of Oil and Natural Gas Corporation Limited (ONGC), will evaluate data provided by Rosneft before deciding on the final agreement. The offer covers nine oil blocks in the Barents […]

  • 6 November 2013

    India’s Videocon Industries Limited yesterday announced it has discovered oil in the Campos basin, offshore Brazil. The company cited Anadarko, its partner in the area, which said the Wahoo-5 appraisal well in BM-C-30 Concession drilled the eastern flank of the Wahoo structure and encountered more than 200 net feet of high-quality pay in a  pre-salt reservoir, […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 4 October 2013

    The Cabinet Committee on Economic Affairs 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 in Rovuma Area 1 Offshore Block in Mozambique. The transaction comprises acquisition of:- 100 percent of shares in Videocon Mozambique […]

  • 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 […]

  • 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 […]

  • 25 June 2013
    Business & Finance

    ONGC Videsh Limited (OVL) and Oil India Limited (OIL) have signed definitive agreements in Singapore on 25th June 2013 with Videocon Mauritius Energy Limited to acquire 100% of shares in Videocon Mozambique Rovuma 1 Limited, the company holding a 10% participating interest in the Rovuma Area 1 Offshore Block in Mozambique (Area 1) for US$ […]

  • 25 June 2013

    ONGC Videsh Limited (OVL) and Oil India Limited (OIL) have signed definitive agreements in Singapore on Tuesday with Videocon Mauritius Energy Limited to acquire 100% of shares in Videocon Mozambique Rovuma 1 Limited, the company holding a 10% participating interest in the Rovuma Area 1 Offshore Block in Mozambique for US$ 2,475 million. The acquisition […]

  • 2 November 2010
    Business & Finance

    Anadarko announced the Badik discovery, located in the Tarakan Basin of Indonesia, encountered approximately 133 net feet of oil and natural gas pay. The well was drilled to a total depth of approximately 12,950 feet in approximately 230 feet of water. The company and its partners are currently evaluating an appraisal program and planning to […]

  • 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 […]

  • 22 August 2011
    Project & Tenders

    KBR today announced it was awarded a contract by Anadarko Mozambique Area 1, Ltd., to perform a pre-front-end-engineering and design (pre-FEED) study for a prospective Liquefied Natural Gas (LNG) plant in Mozambique, Africa. The award of the contract follows the recent natural gas discoveries by Anadarko and its partners in the Rovuma Basin offshore Mozambique. […]

  • 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 […]

  • 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 […]

  • 18 April 2013

    Anadarko Petroleum Corporation  announced the discovery of a new natural gas accumulation fully contained within the Offshore Area 1 of the Rovuma Basin of Mozambique. The Orca-1 discovery well encountered approximately 190 net feet (58 meters) of natural gas pay in a Paleocene fan system. “Discovering another large, distinct and separate natural gas accumulation in […]

  • 12 July 2013

    Oilex Ltd , in its capacity as Operator, on behalf of the Joint Venture Participants to the Joint Petroleum Development Area (“JPDA”) 06-103 Production Sharing Contract in the Timor Sea, has today submitted to the Autoridade Nacional do Petróleo (“ANP”) a request to terminate the PSC by mutual agreement in accordance with its terms and […]

  • 8 January 2013
    Business & Finance

    Fluor Corporation and JGC Corporation announced today that their 50/50 joint venture was awarded a front-end engineering and design (FEED) contract by Anadarko Moçambique Area 1 Limitada for an onshore natural gas liquefaction facility in the Republic of Mozambique. The project will be located in the Cabo Delgado Province, 2,000 kilometers northeast of Mozambique’s capital, […]

  • 12 March 2012

    Anadarko Petroleum Corporation said that the Barquentine-2 well, offshore Mozambique, flowed at an equipment-constrained rate of 90 to 100 million cubic feet per day (MMcf/d), with minimal pressure drawdown, providing confidence in well designs that are capable of 100 to 200 MMcf/d. “The test at Barquentine-2 exhibited exceptional flow characteristics, confirmed the deliverability of this […]

  • 12 March 2012
    Business & Finance

    Anadarko Petroleum Corporation today announced the results of its first flow test offshore Mozambique. The Barquentine-2 well flowed at an equipment-constrained rate of 90 to 100 million cubic feet per day (MMcf/d), with minimal pressure drawdown, providing confidence in well designs that are capable of 100 to 200 MMcf/d. “The test at Barquentine-2 exhibited exceptional […]