Reliance has also entered into an agreement with Pioneers existing partner in the Eagle Ford Shale play for about $210 million.
RIL signed agreement to take 45 per cent interest in highly prospective Eagle Ford Shale play, the Mumbai-based firm and Pioneer said in separate but almost identical statements.
The company had made its first breakthrough in the US in April when it had acquired 40 per cent stake in Atlas Energy Inc's 3,00,000 acres shale gas property for $1.7 billion. Atlas' Marcellus shale gas project spans parts of West Virginia, Pennsylvania and New York.
Despite the increased business risks, the rating agency affirmed Baa2 ratings, three notches down from the highest grade, with a stable outlook for RIL, Moody's Investor Service said in its weekly outlook.
Unveiling an election agenda that is literally out of this world, leading Republican White House hopeful Newt Gingrich has promised to build a permanent American base on the moon, an idea termed by his rivals as a wild dream and unaffordable for a country experiencing one of its worst economic crisis.
RIL, which began gas production from KG-D6 fields in April last year, is currently producing 63-64 million standard cubic meters per day or 40 per cent of the nation's output.
Reliance Industries will invest $1.7 billion in a project in the United States for extracting gas from shale, a sedimentary rock, in joint venture with Atlas Energy Inc.
The Indian batting lineup is quiet easily the most feared in this tournament but how the middle order plays the middle overs when the top-order calls in sick is where matches will be won and lost for skipper Dhoni, says cricket expert Faisal Shariff
ISRO's expedition to Mars is yet another breathtaking adventure for an organisation created by Dr Vikram Sarabhai and carefully nurtured by scientists like A P J Abdul Kalam and R Aravamudan.
'Without demeaning Einstein, I believe the most astounding achievement of a single human mind in all of history was that of Panini, 2,500 years ago. He achieved a Grand Unified Theory of Language: An even more daunting task... Computer scientists in the 1950s rediscovered the Paninian rules for formal languages; for instance, the C language is defined by 100 or so rules in the Panini-Backus form.'
Rediff.com takes a look at spacecraft that have successfully made it to Mars.
Mridula Koshy's If It is Sweet, a collection of short stories, has bagged the 2009 Shakti Bhatt First Book Prize. The New Delhi-based author will get Rs 1 lakh and a citation on December 14 at the capital's British Council
Manju Kapur's The Immigrant, Neel Mukherjee's A Life Apart and Amit Chaudhuri's The Immortals have been shortlisted for the prestigious award.
Romantic landscapes. Enchanting souks. Affable people. Bollywood. In a special series, Arthur J Pais takes a magical, mystery tour of Morocco.
The Shakti Bhatt Foundation announces the 2009 Shakti Bhatt First Book Prize shortlist:
"I hate to call it the God particle," says Bihar-born Professor Vivek Sharma, one of the first people to know about the existence of the Higgs Boson, which scientists say is key to understanding the universe in an interview to George Joseph
"I hate to call it the God particle," says Bihar-born Professor Vivek Sharma, one of the first people to know about the existence of the Higgs Boson, which scientists say is key to understanding the universe in an interview to George Joseph
A new government has taken office in Australia, which has said it will review its predecessor's controversial proposal for a 40 per cent super-profit tax on mining revenues.
Not many are keen on diluting further promoter stake and delisting attempts do not have an impressive record in the country.
World junior number one Dipika Pallikal and third seed Saurav Ghosal kept alive Indian hopes sailing into the women's and men's semi-inals respectively in the 15th Asian Squash Championship in Chennai on Sunday.
In its first-ever break through in the United States, Reliance Industries Limited on Friday said its subsidiary Reliance Marcellus LLC would enter into a joint venture with United States-based Atlas Energy.
Three Indian Air Force officers captured as Prisoners of War by Pakistan during the '71 War made a daring escape from a Rawalpindi jail. M P Anil Kumar recounts that heroic story.
The Atlas said the growth of the industry had accelerated to 10 per cent per annum and was expected to reach 16 per cent in the near future. The textile trade had been contributing about 17 per cent of country's overall export, growing at a compounded average of 10.24 per cent per annum over the last decade.
With 196 of its languages listed as endangered, India, a nation with great linguistic diversity, tops the UNESCO's list of countries having maximum number of dialects on the verge of extinction. India is closely followed by the US which stands to lose 192 languages and Indonesia, where 147 are in peril.
This daily wage earner's son from Kerala now works as MRI senior radiographer in the UK. A tale of struggle and success.
Top United Nations experts on Latin America and the Caribbean have warned that global economic shocks could throw some 16 million people of the Americas into extreme poverty, threatening important gains toward achieving the Millennium Development Goals in the region.
The diktat that all listed companies must have 25 per cent public shareholdings will cause tectonic shifts in the structure of India's stockmarkets over the next few years. There have been very few policy changes to compare with this in terms of long-term impact.
The feud between Sony Entertainment Television (SET) and two of its minority stakeholders, who hold a combined 31.67 per cent stake, is finally ending. Both parties have decided to shake hands over paying additional capital demanded by Sony to repay a loan taken to finance its bid for the 2003 Cricket World Cup.
The film won rave reviews at the Toronto International Film Festival.
India added four gold and one bronze on the third day on Sunday to reign supreme on top of medal standings in the 11th South Asian Games in Dhaka.
Verma was arrested on Friday for his alleged involvement in the war room leak case.
Controversial businessman Abhishek Verma, who is suspected to have used his defence contacts to procure sensitive information pertaining to Navy war room leak case, was on Wednesday denied bail by a Delhi court in connection with the case. Additional Sessions Judge (ASJ) K S Mohi rejected Verma's bail plea on the ground that the information, which were leaked by him, could be prejudicial to the safety and security of the country.
The Securities and Exchange Board of India is set to introduce new norms to ensure higher public participation for delisting of company shares.
Mumbai-based Phoenix Mills today announced that it would set up a 30-storey luxury hotel in central Mumbai at a cost of Rs 300 crore
Mexican side Necaxa have been forced to move their Libertadores Cup tie at home because their stadium is to be used for a concert by pop star Shakira.
Jayaraj's off-beat film about a musical child prodigy is notches above routine fare.
The spacecraft structure for the mission has arrived at the ISRO satellite centre from Hindustan Aeronauticals Limited and integration work has begun, S Krishnamurthy, director, Publications and Public Relations, told PTI from Bangalore.
The parent companies, however, performed well on the profitability front, posting 30.93 per cent net profit growth compared to 22.6 per cent by their Indian subsidiaries.
Do we still need to have Atlas Shrugged on our bookshelves?
Indian space scientists will begin satellite integration for its moon mission Chandrayaan-1 this month to ascertain that the country's first-of-its-kind venture next year is on track.
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