New Delhi, Nov 28: Oil and Natural Gas Corporation Limited’s wholly-owned subsidiary ONGC Videsh has bagged two blocks in Brazil, namely deepwater Block 470 in the highly prospective Espirito Santo basin and shallow water Block 1413 in another highly prospective Santos basin, amid stiff competition from International companies.

Earlier, Agência Nacional do Petróleo (ANP), the regulatory agency of Brazil, had announced the opening of Brazil Round 9, in which, 271 blocks, distributed among nine basins, totalling almost 73,000 km² in deepwater, shallow water and onshore were on offer.

New Delhi, Nov 24 : The Indian government has allotted rupees 10,460 crores (2.6 billion USD) for the development of new and renewable sources of energy in the country during the 11th five-year pla

Nicosia, Nov 18 : Gaz de France, which is a major energy player in Europe, has acquired 45 per cent stake in the Alam El Shawish West licence in Egypt from Greek company Vegas Oil and Gas.

Indian Oil Minister Murl