Ophir Energy and Pavillion, involved in oil and gas exploration in Tanzania have finally concluded a deal worth millions of dollars that will see Pavilion acquiring a 20% stake in Ophir Energy, East African Business Week reported on March 31.
Russian state oil major Rosneft has offered ONGC Videsh Ltd (OVL) a stake in nine offshore oil and gas blocks in Barents Sea and one in Black Sea, Economic Times reported on February 7.
Rosneft has said it finished the summer season of geological exploration works at its licensed offshore blocks for this year.