The Board of Directors of Anadarko Petroleum Corporation declared a quarterly cash dividend on the company's common stock of 9 cents per share, payable on June 26, 2013 to stockholders of record at the close of business on June 12, 2013.

Oil and Natural Gas Corp. Ltd. (BSE:500312) (ONGC) is unlikely to close two deals worth $10 billion to acquire prized energy assets in Kazakhstan and Mozambique. Another bidder is known to have topped ONGC's bid of reportedly over $5 billion for the Mozambique gas block. The Kazakh government is expected to exercise its pre-emptive rights to acquire ConocoPhillips's 8.4% stake in Kashagan for $5 billion before divesting it to a Chinese firm. A consortium of ONGC and Oil India Limited (BSE:533106) (OIL) has elected not to exercise their pre-emptive rights for Kazakh assets. A member of the consortium close the matter said: "ONGC-OIL joint bid for the 20% stake in the Mozambique gas block is not necessarily the highest and the consortium is still receiving expressions of interest from global firms, which are willing to pay a premium over the ONGC bid. The bid put by ONGC is not exclusive and the highest bidder shall take the cake." Another member of the consortium said: "The Mozambique consortium needs a partner with experience in development of large-scale LNG facility, which ONGC and Oil India lacks. So, chances of the Indian consortium getting a 20% stake in one of world’s largest gasfields look bleak." Anadarko Petroleum Corporation (NYSE:APC) and Videocon Industries Ltd. (BSE:511389) intend to divest 10% stake each in the block. Videocon seeks $3 billion for its 10% stake.

Anadarko Petroleum Corporation Presents at UBS Global Oil and Gas Conference, May-22-2013 07:30 AM. Venue: Four Seasons Hotel, 98 San Jacinto Blvd., Austin, Texas, United States. Speakers: Frank J. Patterson, Vice President of International Exploration.