Sep 13, 2013
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Sep 13, 2013
Narendra Modi: BJP's trump card?
Sep 13, 2013
Thursday August 7, 2014
Reliance Industries Ltd (RIL) had shared all the copies of its correspondence with the Supreme Court-appointed tribunal on the KG-D6 cost recovery issue to the Oil Ministry and the Directorate General of Hydrocarbons (DGH), according to sources.
Tuesday July 29, 2014
Oil and gas producer BP reported a sharp rise in second quarter profits on Tuesday but warned that further Western sanctions on Russia could harm its business there and its relationship with Russian state oil company Rosneft.
Monday July 21, 2014
"CY-D6 Block relinquished as part of portfolio rationalization," RIL said in an investor presentation post announcing its first quarter earning numbers.
Sunday July 20, 2014
Energy conglomerate Reliance Industries Ltd's quarterly net profit topped market expectations, bolstered by strong revenue growth in its oil and gas business and higher margins in its core refining business.
Wednesday July 16, 2014
With development of three gas finds in Reliance Industries' KG-D6 block held up due to a technical dispute, the Oil Ministry is seeking Cabinet nod to relax timelines to allow the firm retain and produce from the discoveries worth $1.45 billion, acco...
Monday July 14, 2014
The government has disallowed Reliance Industries Ltd (RIL) from recovering $2.376 billion (Rs 14,256 crore at 1 dollar = 60 rupees) invested to develop offshore gas fields in the D6 block on the country's east coast as output has fallen drastically ...
Tuesday July 8, 2014
RIL and its partners say they are entitled to recover all costs of the block in the Bay of Bengal under their production-sharing contract with the government.
Sunday July 6, 2014
Reliance Industries and its partners BP Plc and Niko Resources have slapped an arbitration notice on the government seeking implementation of a delayed gas price rise.
Tuesday July 1, 2014
Reliance Industries will defer investments in developing newer fields like R-Cluster in KG-D6 block if the government does not hike gas prices to make them economically viable to produce.
Sunday June 22, 2014
Prime Minister Narendra Modi on Sunday met Oil Minister Dharmendra Pradhan for the second time in three days, apparently to hammer out an acceptable increase in natural gas prices that could be announced soon.
Thursday June 19, 2014
With delays in regulatory nod and gas price revision frustrating its attempts to reverse falling gas output from the KG-D6 field, BP chief executive Bob Dudley met Petroleum Minister Dharmendra Pradhan to press for early decisions.
Wednesday June 18, 2014
BP, India's single largest foreign investor, on Tuesday expressed "disappointment" at the pace of approvals in the country and said the new government must reform its gas price regime for survival of the gas industry.
World | Reuters | Tuesday June 17, 2014
Some oil companies are pulling foreign staff from Iraq, fearing Sunni militants from the north could strike at major oilfields concentrated in the Shi'ite south despite moves by the Baghdad government to tighten security.
Wednesday June 4, 2014
Reliance Industries and its partners BP plc of UK and Canada's Niko Resources, which produce about 15 per cent of the nation's domestic gas, have sought implementation of the new rate from April 1 and have initiated an arbitration over the delay.
Tuesday May 20, 2014
The 5th US Circuit Court of Appeals in March voted 2-1 to authorize payments on so-called business economic loss claims, and said an injunction preventing payments should be lifted. BP asked the entire 5th Circuit to rehear the case.
Wednesday May 14, 2014
In a terse one-page letter to urea manufacturing plants, Reliance Industries said it was supplying about 12.5 million standard cubic meters per day of gas since April 1 at provisional price of $4.205 per million British thermal unit, and will charge ...
Saturday May 10, 2014
Reliance Industries Ltd and its partners in a gas block, BP Plc and NIKO Resources, said on Saturday they would take India's government to arbitration over delays in deciding gas prices.
IANS, London | Tuesday May 6, 2014
Phosphate-rich foods like processed cheese can increase blood pressure and the risk of stroke. According to a significant research, a high phosphate diet can increase blood pressure and promote vascular calcifications - leading to life-threatening cardiovascular disease. The key is the hormone calle...
Friday March 28, 2014
BP and Niko filed separate arbitration notices earlier this week, a move that will help them benefit from revised natural gas prices in the next financial year, sources privy to the development said.
Wednesday March 26, 2014
The Oil Ministry has summoned Reliance Industries Ltd (RIL) and consumers who use its KG-D6 gas for a meeting later this week to decide on extending sales contract beyond March 31, according to sources.