niko-resources - Latest News on niko-resources | Read Breaking News on Zee News

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.

'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.

Govt to slap additional penalty of $578 million on RIL

Last Updated: Wednesday, June 25, 2014, 15:41

The government plans to impose an additional penalty of USD 578 million on Reliance Industries for producing less-than-targeted natural gas from its eastern offshore KG-D6 block.

Oil Min seeks legal opinion on BP arbitration notice

Last Updated: Thursday, April 17, 2014, 19:01

Oil Ministry has sought legal opinion on the arbitration notices slapped by British energy giant BP and Niko Resources of Canada against levy of penalties for KG-D6 gas production falling short of target.

BP, Niko seek arbitration over penalty for gas output decline

Last Updated: Friday, March 28, 2014, 19:24

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.

BP, Niko to formally join RIL arbitration against Govt

Last Updated: Wednesday, March 19, 2014, 16:11

Faced with a situation where the near double gas rate of USD 8 per million British thermal unit from next month not accruing to them, BP and Niko are said to be planning to formally issue a Notice of Arbitration (NoA).

BP, Niko say they are part of RIL gas arbitration

Last Updated: Wednesday, March 05, 2014, 15:46

With new gas price announcement being held hostage to technicalities, British energy giant BP and Niko Resources of Canada have told Oil Ministry that they are party to the arbitration initiated by Reliance Industries on KG-D6 gas production lagging targets.

RIL to increase KG-D6 gas output

Last Updated: Friday, January 03, 2014, 13:34

RIL and its partners BP plc of UK and Canada's Niko Resources have spud the seventh well on the MA oil and gas field in the KG-DWN-98/3 or KG-D6 block in Krishna Godavari basin.

RIL to get $8.4 price from Apr 1, higher rate in later quarters

Last Updated: Friday, July 05, 2013, 18:26

Reliance Industries will get USD 8.4 price for the natural gas from its eastern offshore KG-D6 fields from April 1, 2014 and potentially higher rates in following quarters, its minority partner Niko Resources said.

KG-D6 reserves were certified independently: RIL

Last Updated: Thursday, June 28, 2012, 17:05

Reliance Industries on Thursday refuted suggestions that it may have inflated KG-D6 gas reserves, saying they were certified by leading independent international certifiers and KG fields are facing problems similar to those confronting ONGC's Imperial Energy.

RIL stock falls over 3% on reports of lower KG-D6 reserves

Last Updated: Thursday, June 21, 2012, 13:52

Shares of Reliance Industries Ltd declined more than 3 percent on Thursday after its Canada-based partner Niko Resources said that the firms's flagging KG-D6 gas block holds 80 per cent less reserves than previously estimated.

RIL's KG-D6 has 80% less reserves than estimated: Niko

Last Updated: Thursday, June 21, 2012, 13:17

Reliance Industries' flagging KG-D6 gas block holds 80 percent less reserves than previously estimated, the firm's junior partner Niko Resources of Canada said on Thursday.