Reliance Industries, BP take over Niko’s 10% stake in KG-D6 block
NEW DELHI: Reliance Industries Limited (RIL) and UK’s BP plc have taken over the 10 per cent shareholding of their partner Niko Resources in the eastern offshore KG-D6 block after the Canadian firm defaulted on paying for its share of gas field development cost. Sources with knowledge of the development said the oil minister has […]
RIL seeks minimum $5.4 per unit for new natural gas find from KG-D6 block
NEW DELHI: Reliance Industries Limited (RIL) is seeking a minimum price of $5.4 per unit for the natural gas it plans to produce from newer fields in the Bay of Bengal block KG-D6 as it changed parameters to suit government policies. Reliance and its partner BP Plc of the UK have sought bids from potential […]
Reliance says its main gas fields in KG-D6 block in late life stage
NEW DELHI: Reliance Industries Limited (RIL) has said its flagship natural gas fields in the KG-D6 block in the Bay of Bengal are in “a late life stage” with output plummeting to an all-time low. The company, beginning mid-2020, will bring to production three sets of new discoveries in the block that will reverse the […]