Among other oil and gas companies, Prayesh Jain is bullish on BPCL and calls it the best oil marketing company in terms of financial management as well as operational performance.
Sources said OVL will raise another USD 2.6 billion for the Anadarko payments.
In an exclusive interview to CNBC-TV18, DK Sarraf, managing director, ONGC Videsh Limited said that the company will get 5 trillion cubic feet of reserves from this and will use ONGC's cash to buy the stake.
In an interview to CNBC-TV18, DK Sarraf, managing director, ONGC Videsh Limited says the company will deliberate between ONGC and OVL on the funding of the Anadarko deal, but will raise capital from the overseas market than fund it internally.
Narendra Taneja, South Asia Bureau Chief of Upstream tells CNBC-TV18 said that although, the Mozambique offshore is supposed to be floating on gas, it is a comparatively new kid on the block with no big history of offshore oil and gas exploration.
Gas company Anadarko has discovered a substantial quantity of gas in two gas wells off the coast of Mozambique. India‘s Videocon and BPCL, both have 10% stake in those gas wells and it is being considered as one of the largest gas finds in the world.
Aashish Tater, head of research at Fort Share Broking picked out his favorite stocks today on CNBC-TV18. He chose Linc Pens and Videocon as multibagger ideas for today. Check out his comments on the stocks.
Oil giant BP and Anadarko, its partner in the well which caused the Gulf of Mexico oil spill, have agreed a settlement on cleanup costs whereby Andarko will pay BP USD 4 billion -- less than half the amount it may have been forced to pay in court.