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'Bp' - 280 News Result(s)

  • BP, Niko seek arbitration on gas output decline penalty: report

    BP, Niko seek arbitration on gas output decline penalty: report

    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.

  • Oil Ministry summons Reliance Industries, consumers to discuss extending gas sales: report

    Oil Ministry summons Reliance Industries, consumers to discuss extending gas sales: report

    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.

  • Reliance Industries skids after Election Commission stalls gas price rise

    Reliance Industries skids after Election Commission stalls gas price rise

    Arvind Kejriwal, the head of India's new anti-corruption Aam Aadmi Party (AAP), which briefly controlled the state government in New Delhi, last month called for a criminal investigation into government officials and Reliance Industries Chairman Muke...

  • RIL, ONGC shares fall over 3% on deferment of gas price hike

    RIL, ONGC shares fall over 3% on deferment of gas price hike

    Mukesh Ambani-promoted RIL operates the KG D6 block off India's east cost, where gas output has fallen sharply since 2010. RIL and its partner BP have attributed this to geological complexity. The company has said gas prices need to be increased in o...

  • BP, Niko to formally join RIL arbitration against Government: report

    BP, Niko to formally join RIL arbitration against Government: report

    RIL had dragged the ministry to arbitration in 2012, saying the contract does not provide for levy of a $1.8 billion penalty for output not being in line with projected production profile.

  • US ends contract ban on BP after Deep Water Horizon

    US ends contract ban on BP after Deep Water Horizon

    The United States announced on Thursday an end to its ban on BP obtaining government contracts following the 2010 Deepwater Horizon disaster, the worst oil spill in US history.

  • Law Ministry to opine on BP, Niko status in RIL arbitration: report

    Law Ministry to opine on BP, Niko status in RIL arbitration: report

    RIL and BP say the decline in current D1&D3 output to a 10th of the previously projected 80 million standard cubic meters per day was purely because of unanticipated geological complexities such as a drop in reservoir pressure and ingress of water an...

  • RIL-BP working to extend life of gas fields in KG-D6 block

    RIL-BP working to extend life of gas fields in KG-D6 block

    In May, RIL and its partners announced a significant gas and condensate discovery in the KG-D6 block. In August, RIL and BP announced a new gas condensate discovery in the deep water CYD5 block in the Cauvery basin, off the east coast.

  • US court rejects BP appeal over Gulf spill losses

    US court rejects BP appeal over Gulf spill losses

    Monday's decision is a setback for BP's effort to limit payments over the April 20, 2010, explosion of the Deepwater Horizon drilling rig and rupture of BP's Macondo oil well.

  • US court rejects BP appeal over Gulf spill losses

    US court rejects BP appeal over Gulf spill losses

    A divided US appeals court on Monday rejected BP Plc's bid to block businesses from recovering money over the 2010 Gulf of Mexico oil spill, even if they could not trace their economic losses to the disaster.

  • Oil Ministry seeks legal opinion on Reliance Industries bank guarantee: report

    Oil Ministry seeks legal opinion on Reliance Industries bank guarantee: report

    The Oil Ministry has sought legal opinion on whether bank guarantees to cover an increase in gas prices from April need to be furnished by Reliance Industries alone or by partners BP and Niko Resources as well, according to sources.

  • BP keen on selling Jet fuel in India: official

    BP keen on selling Jet fuel in India: official

    BP in 2011 agreed to acquire a 30 per cent stake in blocks operated by Reliance Industries for $7 billion. The UK-based energy firm has also formed a 50:50 joint venture with Reliance for sourcing and marketing gas.

  • Paid all 2010-11 IPL dues to govt: BCCI tells Bombay High Court

    Paid all 2010-11 IPL dues to govt: BCCI tells Bombay High Court

    A division bench of Justices SJ Vazifdar and BP Colabawalla heared a public interest litigation filed by one Santosh Pachlag regarding non-payment of over Rs five crore to police for security provided for IPL matches played in Navi Mumbai's DY Pat...

  • Reliance posts Q3 net of Rs. 5,511 crore, beats estimates

    Reliance posts Q3 net of Rs. 5,511 crore, beats estimates

    Reliance Industries will hold off from more investment in its main gas block until the government approves its development plans, the energy company said on Friday, after reporting a forecast-beating quarterly profit.

  • Reliance repairing 3 shut wells at KG-D6 to raise gas output

    Reliance repairing 3 shut wells at KG-D6 to raise gas output

    Having reversed a decline in gas output at KG-D6 by starting a new production well, Reliance Industries Ltd (RIL) is repairing three shut wells on the main fields in the block and will take up a similar number later to further improve output.

  • Coal imports rise 20% to help fuel new power plants

    Coal imports rise 20% to help fuel new power plants

    Regulatory and bureaucratic delays in adding new mines and expanding existing ones have made India the No. 3 importer of coal, even though it sits on what BP ranks as the world's fifth-largest reserves. Imports leaped 34 percent to 137.56 million ton...

  • South Sudan rivals set stage for peace talks with a hug

    South Sudan rivals set stage for peace talks with a hug

    South Sudanese rebels and government negotiators will hold their first face-to-face talks on Sunday, after several days of delay, to thrash out a ceasefire deal and end weeks of ethnic fighting in the world's youngest state.

  • Reliance Industries, BP may give $1.2-billion bank guarantee for higher gas price: report

    Reliance Industries, BP may give $1.2-billion bank guarantee for higher gas price: report

    Reliance Industries and its partners BP Plc of UK and Canada's Niko Resources may have to provide a maximum of $1.2-billion in bank guarantees over three years to get nearly double the rate for natural gas being produced from the main fields in KG-D6...

  • RIL-BP to invest $10 billion to quadruple natural gas output by 2020

    RIL-BP to invest $10 billion to quadruple natural gas output by 2020

    RIL-BP, who are currently producing about 11.8 million standard cubic metres per day of gas from the flagging eastern offshore KG-D6 block, is targeting newer fields in KG-D6 block and gas discoveries in neighbouring north-east coast and Cauvery basi...

  • Reliance producing 10 mscmd gas from D6 block

    Reliance producing 10 mscmd gas from D6 block

    The current output is sharply lower from the 60 mscmd production at the end of 2010, and Reliance and partner BP have cited geological complexities for the fall in output.

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