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Why govt is demanding $2.81 bn from RIL, BP

The government has slapped a $2.81 billion (about Rs 24,500 crore) demand notice on Reliance Industries and its partners, including BP Plc for gains made from producing and selling natural gas that......

RIL-BP relinquishes 9 oil and gas blocks

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

RIL-BP to invest $8-10 billion to produce more gas

Global oil giant BP Plc and its partner Reliance Industries promised to invest $8-10 billion in producing more gas, but voiced concerns over a double penalty being sought to be imposed on them for......

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

Global oil giant BP Plc and its partner Reliance Industries will invest $5-10 billion to quadruple natural gas production by 2020. RIL-BP, who are currently producing about 11.8 million standard......

RIL-BP wins nod for drilling well in KG-D6

Reliance Industries and its partner BP plc have won approval to drill a well on the MA oil field in the flagging KG-D6 block to augment natural gas production.An oversight panel, headed by upstream......

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