Cove Energy

To East Africa's assets of spectacular wildlife, abundant land and shimmering beaches you can now add gas - so much gas it could transform global energy flows along with some of the world's poorest countries.

PSU consortium stays away from Cove bidding war

An Indian consortium has backed off joining a bidding war for Africa-focused gas explorer Cove Energy Plc , saying it had not yet submitted an offer and one consortium member adding it would only make a bid if it was on an agreed basis.

PSU consortium yet to bid for Cove: Source

A consortium of public-sector energy companies, Oil and Natural Gas Corp and GAIL India , have not yet submitted a bid for Africa-focused gas explorer Cove Energy , a company source said on Friday.

ONGC, GAIL may trump Shell's gas bid for Cove Energy

A consortium of Indian public-sector energy companies said they may join a bidding war for Africa-focused gas explorer Cove Energy , becoming the second Asian state-run group seeking to trump Shell's USD 1.6 billion offer.

ONGC, GAIL may offer $2 bn for Cove Energy: Report

The overseas investment arm of Indian oil producer Oil and Natural Gas Corp and gas distribution company GAIL India Ltd plan to offer USD 2 billion to acquire UK-based Cove Energy Plc , the Times of India reported on Tuesday.

Have no intention to sell Rovuma stake: BPCL

Last week, Shell bid more than half a billion dollars for Cove Energy. Bharat Petroleum owns minority stake in the Rovuma license. RK Singh, chairman and managing director of BPCL says, the company has no intention to sell it off.

Iran crisis could send crude soaring: Macquarie's Jal Irani

The increasing isolation of Iran on the global scene could send crude oil prices soaring, feels Jal Irani, managing director - oil & gas research, Macquarie Group.

No plans to sell Mozambique asset now: Videocon

Royal Dutch Shell Plc has made an agreed 992.4 million pounds bid for Mozambique-focused Cove Energy. Venugopal Dhoot, chairman and managing director of Videocon says, the company doesn’t have any plan to sell this Mozambique asset at such a low price.