OVL holds 70 per cent participating interest in the block at the llanos basin in Colombia

ONGC Videsh Ltd (OVL), the foreign investment arm of state-owned Oil and Natural Gas Corp (ONGC), has discovered oil on an onland block, CPO-5, in Colombia, it said in a statement on Sunday. “OVL has struck oil at two places in the first well drilled on the Block CPO-5 and produced 120-300 barrels per day on testing,” the OVL statement said. “The oil is heavy in nature with an API (American Petroleum Institute) gravity of about 14. To assess the potential and commerciality of the oil find, extended production testing will be taken up in due course for the remaining objects within the upper Mirador Formation at a depth of 9,533 feet,” the statement further said.

It might be hard to visualize or believe in today’s messy, gridlocked, turmoil-ridden subcontinent, but the US intelligence community in a new report released on Monday says that by 2030, a surging

Acquisition to feed steel plants, power projects in India

Monnet Ispat and Energy Ltd (MIEL), India's second-largest coal-based sponge iron producer, is set to soon acquire majority stake in a 25-million tonne (mt) coal mine in Colombia. The Rs 1,960-crore MIEL wishes to feed its steel and captive power plants in India using the coal made available through the acquisition. “Talks are on for the acquisition; annual production capacity of the mine is 50,000 tonnes per annum,” said N C Jha, chief executive officer of Monnet’s mining business, without divulging financial details. The former Coal India chairman said the working mine had reserves of both coking and non-coking coal and the deal was likely to be clinched in a month or two.

The world’s most effective vaccine candidate against dengue is all set for trials in India and if all goes to plan, the vaccine will be available globally by 2015.

New Delhi The country's largest private power producer Tata Power is scouting for coal assets in the US and Colombia, among other countries, a senior company official said today.

An update to one of the most comprehensive maps of the Amazon basin shows that forest cover across the world's largest rainforest declined by about six percent between 2000 and 2010.

Colombia gained nearly 17,000 square kilometers of forest between 2001 and 2010 as forests recovered in mountainous regions in the Andes, reports a new study published in the journal PLoS One.