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RIL, BP relinquish yet another gas block

Last Updated: Monday, July 21, 2014, 18:01

Reliance Industries and its partner BP have surrendered one more oil and gas block, reducing their tally to 5 from 21 exploration acreage they held three years back.

RIL, BP slap arbitration notice on Govt for gas price hike

Last Updated: Sunday, July 06, 2014, 12:17

RIL-BP-Niko on June 17 served a formal arbitration notice naming London-based Sir David Steel as its arbitrator.

Novartis Japan unit charged over research manipulation

Last Updated: Tuesday, July 01, 2014, 15:16

In April, Novartis replaced the top executives at its Japanese arm over those allegations.

Eating almonds reduces heart disease risk: Study

Last Updated: Tuesday, July 01, 2014, 13:21

Eating a handful of almonds every day can reduce the risk of heart disease by keeping blood vessels healthy, a new study has claimed.

'RIL to defer investment in developing new fields'

Last Updated: Monday, June 30, 2014, 19:02

The consortium is also investing USD 1.529 billion in developing four other satellite fields that can produce 10 mmscmd.

BP seeks to recoup ''windfall'' Gulf spill payments

Last Updated: Saturday, June 28, 2014, 09:33

BP said the uncapped settlement could cost USD9.2 billion, higher than its original USD7.8 billion estimate, and that this amount could grow.

BP chief meets Oil Minister Pradhan on India projs, gas price

Last Updated: Wednesday, June 18, 2014, 18:47

With delays in regulatory nod and gas price revision frustrating its attempts to reverse falling gas output from KG-D6 field, BP chief executive Bob Dudley met Petroleum Minister Dharmendra Pradhan to press for early decisions.

Nicolas Cage to play disgraced Congressman in `The Runner`

Last Updated: Sunday, May 18, 2014, 10:52

Actor Nicolas Cage is set to play Colin Price, a New Orleans congressman dealing with the aftermath of sex scandal and BP oil spill, in `The Runner`.

New gas rates to be applicable from Apr 1: RIL to buyers

Last Updated: Wednesday, May 14, 2014, 15:03

Forced to sell gas at rates that have long expired, Reliance Industries has categorically told buyers of its KG-D6 gas that new rates as and when approved, will apply from April 1.

RIL says gas price revision delay may stall $4 bn investment

Last Updated: Sunday, May 11, 2014, 12:26

With the Oil Ministry indicating that a new gas price may be delayed by a quarter, Reliance Industries has said the postponement may stall USD 4 billion of investment in KG-D6 block's second-biggest gas field.

BP announces slump in profits

Last Updated: Tuesday, April 29, 2014, 13:37

BP profits plunged in the first quarter compared with one year earlier when the group sold its stake in a Russian joint venture, the British energy giant said on Tuesday.

BP says committed to Rosneft despite US sanctions

Last Updated: Tuesday, April 29, 2014, 00:51

British energy group BP said on Monday it remained committed to its investment in Rosneft despite new sanctions imposed by the United States against the Russian oil giant`s chief executive Igor Sechin.