To buy an additional 12 per cent participating interest in block BC-10 in Brazil's Campos Basin, ONGC Videsh (OVL) has signed definitive agreements. Post the deal, OVL's share in the acreage would increase to 27 per cent. In the deep water block, this is part of the sale of 35 per cent share made by Petrobras. In 2006, OVL had acquired 15 per cent interest in the Campos Basin.
FlashNews:
Tata Power Renewables Breaks Ground on 800 MW Hybrid Project in Andhra Pradesh
RECPDCL Transfers Two Key Power Transmission SPVs to Power Grid and Terralight Solar
Inox Wind Wins ₹16 Billion Repeat Order from NLC India for 200 MW Project
GAIL and RCF Ink Pact to Build 1.27 MMTPA Gas‑Based Fertiliser Plant in Maharashtra
Texmaco, Touax, TrinityRail JV to Invest ₹18 Billion in 100 Rakes to Boost Railcar Leasing
India’s Aviation Minister Pushes Cost‑Effective SAF Rollout From 2027
Vedanta Uses 4 Billion Units of Clean Energy in FY2026, Cuts Emissions
Suzlon Starts FY2027 Strong with Record Q1 Deliveries, 23% Revenue Growth
India to Develop 44 Airports Under Hub‑and‑Spoke Plan, Civil Aviation Secretary Says
India’s Satellite Communications Push Gains Momentum Through Public‑Private Partnerships: Viasat
India Moves to Give Consumers Choice of Power Supplier Under New Licensing Plan
REC Declares First Interim Dividend as Q1 Profit Jumps 23%
India Nears Two Clean Energy Milestones as BRESE 2026 Set to Welcome Global Leaders to New Delhi
Location Intelligence: The Invisible Layer Powering India’s Digital Public Infrastructure
AI Data Centre Leaders Map India’s Infrastructure Roadmap
Welspun One Signs 15,232 Sq. Ft. with Aditya Birla’s Novel Jewels at WTC Thane
NHAI Launches Framework to Share Highway Data with IITs, NITs and CSIR‑CRRI
UDAN 2.0: Indian Aviation’s Next Act
The Apprenticeship Anchor
Home » OVL to buy stake in Brazil
OVL to buy stake in Brazil
Oil & Gas
November 1, 2013November 1, 2013
Leave a Reply
You must be logged in to post a comment.