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RIL, BP to invest about Rs 6000 cr to improve gas recovery

Reliance Industries and its partner BP plc of UK will invest about Rs 6,000 crore (Rs 60 billion) by 2016 to help sustain and improve recovery from the two main gas fields in the eastern offshore......

RIL to give up KG basin gas discovery block

Reliance Industries will relinquish its Krishna Godavari basin gas discovery block, KG-D3, mainly because of operational restrictions placed by the Defence Ministry. RIL, which had made four......

RIL may not gain from the gas price hike: Analysts

The Centre's move to increase natural gas prices to $5.61 per million British thermal units (mBtu) from November 1 would be a negative for Reliance Industries Ltd (RIL), analysts said, as RIL would......

Investment decision only after clarity on gas price: RIL

Reliance Industries has said it will make a final investment decision on producing gas from the R-Cluster discovery in the flagging KG-D6 block only after the government decides on gas price hike.......

RIL gas field investments depend on acceptable pricing: Niko

Reliance Industries'  $10 billion investment in new fields off the east coast depends on the government approving acceptable gas price, its junior partner Niko Resources said. RIL has an array......
  Web results for Bp Ril
Despite drop in portfolio, BP to stay the course on India

Mumbai: British oil and gas giant BP Plc., which has seen an 80% drop in its Indian exploration portfolio since 2011, continues to see long-term... ...

http://www.livemint.com/Companies/p3WeLIARqAZbS4CGmKrGzM/Despite-drop-in-portfolio-BP-to-stay-the-course.html
INDIA TO IMPORT OIL FROM IRAQ TO FILL STRATEGIC RESERVES

NEW DELHI: India is set to import 8 million barrels of Iraqi oil to fill its first strategic petroleum reserve (SPR), taking advantage of cheap... ...

http://www.ipanewspack.com/newstoday/india-to-import-oil-from-iraq-to-fill-strategic-reserves/
Oil ministry signals RIL, BP may need to wait longer for gas price hike

The price of LNG is about $7 per mBtu and it costs about $2 per unit more to transport it to India, Dharmendra Pradhan said, adding the difference... ...

http://www.livemint.com/Industry/fsbwsHWOXeKlgUtdD5anzH/Oil-ministry-signals-RIL-BP-may-need-to-wait-longer-for-gas.html
Red tape stifles India's energy dream; just 15% PSC discoveries yield

The total production from these discoveries, made under the last nine rounds of Nelp and even prior to that, is 1,95,820 barrels of oil per day... ...

http://www.financialexpress.com/article/economy/red-tape-stifles-indias-energy-dream-just-15-psc-discoveries-yield/53978/
Not just gas pricing

Much of the focus on what the government is doing in the petroleum sector, understandably, has been on the inability to get the gas pricing... ...

http://www.financialexpress.com/article/fe-columnist/editorial-not-just-gas-pricing/53974/

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