Giant Gas Field

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  India To Offer $3-4 Billion Development Plan For Giant Iran Gas Field: Sources

  India is set to offer a $3-4 billion development plan for the Farzad B gas field to Iran next week after Tehran reduced the scope of the project, two sources familiar with the matter said.

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  India Gives Iran $11 Billion 'Best Offer' To Develop Giant Gas Field

  An Indian consortium is willing to spend as much as $11 billion to develop a giant Iranian natural gas field and build the infrastructure to export the fuel as long as the Persian Gulf nation guarantees a "reasonable return" on the project, according to the company leading the group.

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  Government Seeks To Attract More Players For Oil Fields Auction

  With global oil giants staying shy of India in past, the government has tweaked terms to attract mainly medium-sized players for the auction of nearly four dozen small oil and gas fields in the first sale in six years.

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  L&T, Emas AMC Bag Hasbah Contract From Saudi Aramco: Report

  Larsen & Toubro (L&T) and Singapore-based Emas AMC have been awarded a $1 billion-plus contract by state oil giant Saudi Aramco for expansion of the offshore Hasbah sour gas field, industry sources said.

• ONGC Stake Buy in Mozambique Saw Seller Reap $1.5 Billion Profit

  State-owned Oil and Natural Gas Corp's (ONGC) acquisition of a 10 per cent stake in a giant Mozambique gas field had helped the seller make a neat profit of $1.5 billion, or over 62 per cent of the purchase price.

• BP Unveils $12 Billion Investment in Egypt Gas Fields

  British energy giant BP unveiled plans on Friday to invest a record $12 billion in Egyptian gas fields with Russian partner DEA in a "vote of confidence" for the nation.

• Stable Policy Regime Must for Gas Sector Investments: Expert

  Slamming the new natural gas formula as making "no sense", world renowned energy expert Fereidun Fesharaki has said that only guaranteed market prices along with stable policy regime would bring in investments from global majors.

• ONGC Videsh Raises $ 2.21 Billion to Finance Mozambique Deal

  Proceeds of the bond sale, the biggest ever from Asia, will be used to repay short-term bridge loan that OVL had taken to finance acquisition of 16 per cent stake in a giant gas field off Mozambique.

• ONGC Videsh raises $2.5 billion in foreign loans to fund Mozambique buy

  ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), has raised $2.5 billion in foreign loans to fund acquisition of a 10 per cent holding in a giant Mozambique gas field.

• Oil Minister for importing LNG from Mozambique

  After securing almost a third of a giant gas field in Mozambique, India on Wednesday pitched for buying most of the natural gas from the project to feed its starving power plants back home.

• ONGC-Oil India pays $2.48 billion to Videocon Group: report

  State-owned Oil and Natural Gas Corp and Oil India Ltd on Tuesday paid $2.475 billion to Videocon Group for acquiring a 10 per cent stake in a giant gas field off Mozambique.

• ONGC Videsh, Oil India to split Videocon stake equally

  ONGC Videsh (OVL) and Oil India will split equally the 10 per cent stake they acquired in a giant Mozambique gas field from Videocon Group for $2.475 billion. OVL, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), and OIL had jointly bought Videocon Group's 10 per cent interest in the Rovuma Area-1 for $2.475 billion.

• CCEA approves ONGC Videsh-Oil India deal to buy 20 per cent stake in Mozambique field

  The government has approved acquisition of a 20 per cent stake by ONGC Videsh (OVL) and Oil India (OIL) in a giant Mozambique gas field that is estimated to hold as much as 65 trillion cubic feet of gas.

• ONGC's $5 billion Kazakhstan oil deal may fall through

  Oil and Natural Gas Corp's (ONGC) $5 billion deal to acquire US energy giant ConocoPhillips' stake in a Kazakhstan oil field is likely to fall through as India hasn't been able to convince the Central Asian nation to approve the transaction.

• ONGC arm to buy Hess' stake in Azeri-Chirag-Gunashli oil field

  ONGC Videsh Ltd will buy US energy firm Hess' stake in Azerbaijan's giant Azeri-Chirag-Gunashli (ACG) oil field for an undisclosed amount.