Sep 13, 2013
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Sep 13, 2013
Friday January 30, 2015
The cargo was likely sold to BP at a premium of 50 cents a barrel to Singapore quotes, they added, though this could not be confirmed.
World News | Agence France-Presse | Friday January 16, 2015
A US judge said Thursday energy giant BP faces a maximum fine of $13.7 billion for the 2010 Gulf of Mexico oil spill, a sum reduced by several billion dollars.
Tuesday December 23, 2014
State-owned GAIL India Ltd has been asked to pay royalty on the $1.41 per unit it is collecting on natural gas produced from Reliance Industries Ltds eastern offshore KG-D6 fields.
Sunday December 7, 2014
The government may dip into Reliance Industries Ltds incremental gas price hike revenue, accruing in a pool account, to recover its dues in the wake of the contractor failing to meet certain KG-D6 output targets.
Tuesday November 25, 2014
Reliance Industries Ltd (RIL) has sought interest on the $1.41 per unit that buyers of its KG-D6 gas are paying into a gas pool account operated by GAIL India, saying the state-run firm ought to invest the amount due to RIL in good interest bearing i...
Monday November 17, 2014
The 20-member Indian delegation includes the likes of Essar Group chairman Shashi Ruia, Gautam Adani, founder and chairman, Adani group, Anand Mahindra, chairman and managing director, Mahindra Group, Vishal Sikka, chairman and managing director, Inf...
Tuesday October 28, 2014
BP Plc has written down the value of its shareholding in eastern offshore KG-D6 block by $770 million following a lower-than-expected gas price hike which it saw as a transition to market-based pricing.
Wednesday October 15, 2014
Reliance Industries Ltd (RIL) has said it will make a final investment decision on producing gas from the R-Cluster discovery in the flagging KG-D6 block only after the government decides on gas price hike.
World News | Reuters | Saturday September 13, 2014
The campaign battle over Scottish independence took a bitter turn on Saturday when a senior nationalist warned businesses such as BP that they could face punishment for voicing concern over the impact of secession.
Friday September 12, 2014
Reliance Industries' $10 billion investment in new fields off the East Coast depends on the government approving an acceptable gas price, its junior partner Niko Resources has said.
Thursday September 11, 2014
BP, whose $7.2 billion investment in 2011 is the largest foreign investment in the energy sector in India, has lined up projects that will reverse the sinking natural gas production from eastern offshore KG-D6 fields. The investment, however, is unvi...
World News | Reuters | Friday September 5, 2014
A U.S. judge has decided that BP Plc was "grossly negligent" and "reckless" in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly $18 billion in fines to more than $42 billion in charges the company took for the worst offshor...
World News | Agence France-Presse | Thursday September 4, 2014
A US judge Thursday ruled the massive 2010 Gulf of Mexico oil spill was the result of BP's "gross negligence," potentially subjecting the oil giant to billions in additional penalties.
Thursday September 4, 2014
Infosys will provide IT services, particularly in areas like application support and development to BP, Infosys said in a statement.
Wednesday September 3, 2014
The Production Sharing Contracts (PSC) government entered into firm like RIL for exploration and production provides for marketing freedom to contractors for sale of gas within India at arm's length to the benefit of all the parties to the contract.
Tuesday August 26, 2014
Reliance Industries, Oil and Natural Gas Corp (ONGC), BP and Cairn India on Monday unanimously demanded an immediate hike in natural gas prices, saying the current sub-market price of $4.2 was impeding development of over a dozen discoveries.
Sunday August 24, 2014
The Association of Oil and Gas Operators, which is made up for over two-dozen members including the likes of Reliance Industries, ONGC, Cairn, BP, BG, BHP and Essar, on August 18 wrote to Oil Minister Dharmendra Pradhan listing out pricing challenges...
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.
India News | Press Trust of India | Saturday July 26, 2014
Weeks after Britain's BP and its partner Reliance Industries slapped an arbitration notice for delay in gas price hike, UK's Energy Secretary Edward Davey on Thursday met Oil Minister Dharmendra Pradhan to discuss outstanding issues.
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 ...