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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).

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

Last Updated: Friday, March 07, 2014, 18:12

BP, Europe's second-largest oil company, is working with Reliance Industries to extend the life of producing gas fields in the Bay of Bengal KG-D6 block.

RIL-BP to quadruple KG-D6 output to 50 mmscmd by 2020

Last Updated: Sunday, January 19, 2014, 17:10

Having reversed the falling output at KG-D6, Reliance Industries and its partner BP plc will quadruple production at the eastern offshore fields to around 50 million standard cubic meters per day by 2020.

RIL-BP avert shutdown of KG-D6 fields

Last Updated: Sunday, January 12, 2014, 15:58

With Oil Minister M Veerappa Moily approving of the remedial measures that were pending for nearly 18 months, RIL-BP last week added the first production well on the block in more than four years to ramp up output by over 15 per cent to 13.7 million standard cubic metres per day.

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

Last Updated: Wednesday, December 11, 2013, 15:58

Global oil giant BP Plc and its partner Reliance Industries will invest USD 5-10 billion to quadruple natural gas production by 2020.

RIL-BP front-runner for picking 25% stake in Mundra Terminal

Last Updated: Tuesday, December 03, 2013, 16:23

State-owned Indian Oil Corp (IOC) and Oil and Natural Gas Corp (ONGC) are the other two firms shortlisted, officials said on the sidelines of 8th Asia Gas Partnership Summit here.

RIL-BP make significant gas find in Cauvery basin

Last Updated: Friday, August 23, 2013, 09:45

Energy conglomerate Reliance Industries and its partner supermajor BP plc on Friday said they have made a second deep-water gas condensate discovery in the Cauvery basin, off the east coast.

RIL-BP relinquishes 9 oil and gas blocks on poor prospects

Last Updated: Monday, October 15, 2012, 11:10

UK's BP plc has relinquished or surrendered 9 out of the 21 oil and gas blocks where it had bought 30 percent stake from Reliance Industries for USD 7.2 billion, due to poor hydrocarbon prospects.

Govt allows RIL-BP to survey only 5 gas fields in KG-D6 block

Last Updated: Monday, April 23, 2012, 20:27

The government has rejected Reliance Industries' proposal to invest in survey of all discoveries made in KG-D6 gas block.

DGH wants Oil Min to decide on RIL-BP request

Last Updated: Sunday, April 15, 2012, 15:56

Upstream regulator DGH has asked the Oil Ministry to take a call on allowing RIL and its partner BP plc to invest in pre-development activities in 16 gas discoveries in KG-D6 block, most of which have not yet been proved to be commercially viable at current prices.

RIL-BP to submit integrated FDP for KG-D6 gas finds by Oct

Last Updated: Monday, March 26, 2012, 16:30

With KG-D6 output hitting an all- time low, Reliance Industries and partner BP will submit to the government by October an integrated development plan to produce natural gas from all the 18 discoveries in the block.