Last Updated: Sunday, March 02, 2014, 13:00
After spending USD 4.12 billion in acquiring stake in a giant gas field in Mozambique, ONGC will invest another USD 3 billion as its share of cost of producing gas from the field and converting it into LNG.
Last Updated: Saturday, March 01, 2014, 00:49
In a statement, OVL said it has bought a 10 percent stake in the Rovuma Area 1 offshore gas field from Anadarko Petroleum Corp of US.
Last Updated: Thursday, February 20, 2014, 05:58
Rising floodwaters threaten some 9,000 people in Mozambique`s central Zambezia province.
Last Updated: Wednesday, February 12, 2014, 21:29
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), has raised USD 2.5 billion in foreign loans to fund its acquisition of 10 percent stake in a giant Mozambique gas field.
Last Updated: Thursday, February 06, 2014, 03:59
African mobile phone operator Vodacom on Wednesday reported a 40-percent jump in revenue from data usage in the fourth quarter, as smart phone use continued to grow.
Last Updated: Saturday, January 25, 2014, 00:33
Mozambique President Armando Guebuza inaugurated an opulent new Chinese-built presidential office complex in the capital Maputo on Friday.
Last Updated: Wednesday, January 15, 2014, 21:46
After securing almost a third of a giant gas field in Mozambique, India Wednesday pitched for buying most of the natural gas from the project to feed its starving power plants back home.
Last Updated: Saturday, January 11, 2014, 14:48
Japan has reportedly alleged that China is luring African leaders with expensive gifts and offerings, as the two pledge big money to the African nations.
Last Updated: Wednesday, January 08, 2014, 14:17
ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) have completed the acquisition of Videocon Group's 10 percent stake in a giant Mozambique gas field for USD 2.475 billion, the companies said Wednesday.
Last Updated: Tuesday, January 07, 2014, 16:33
State-owned Oil and Natural Gas Corp and Oil India Ltd Tuesday paid USD 2.475 billion to Videocon Group for acquiring 10 percent stake in a giant gas field off Mozambique.
Last Updated: Monday, December 23, 2013, 01:07
The pilot of the Mozambique Airlines plane that crashed in Namibia last month, killing all 33 people on board, had intentionally brought the plane down, a media report said.
Last Updated: Saturday, November 30, 2013, 13:54
A Mozambican Airlines plane that went missing with 34 people on board likely crashed over inhospitable bush in northeastern Namibia, police said early Saturday as they searched for the jet.
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