BP, which recently bought 30 per cent stake in KG-D6 and 20 other blocks of Reliance Industries for $7.2 billion, is keen to undertake sea-bed surveys this winter season -- the only four months weather window available in Bay of Bengal for such jobs, to acess potential of satellite discoveries in the block and draw blue-print of their development.
A scientist working at a government research institute funded by the University Grants Commission shares his experience.
An HPCL-led consortium had put the project on hold in 2009.
Vyshak was also fortunate to get guidance from former India and Karnataka pacer Abhimanyu Mithun during his initial days with the state Ranji Trophy team during the 2021-22 season.
RIL had in February last year submitted a revised field development plan for the MA oilfield, which has been producing crude oil since September 2008.
Reliance Industries Ltd's $7.2 billion asset sale to BP PLC has given it the firepower to expand more aggressively overseas, potentially pitching it into competition with Asian rivals for big oil and gas deals.
Dudley, whose company last year made the largest foreign direct investment in the oil sector, followed it up with a meeting with Finance Minister P Chidambaram.
BP Plc, Europe's second biggest oil company, and Reliance Industries will invest $5 billion in developing untapped gas reserves in the KG-D6 block as the partners attempt to reverse the fall in gas production.
Dudley, on a stop-over visit on way to Shanghai, along with Ambani drove to Planning Commission Deputy Chairman Montek Singh Ahluwalia's residence for a breakfast meeting this morning and had sought a meeting with Law Minister Ashwani Kumar.
The spill in the Gulf of Mexico, which happened in April, not only resulted in huge financial liabilities for BP but also saw the ouster of its chief Tony Hayward.
British energy major BP Plc has spent $6.1 billion in the aftermath of the devastating oil spill in the Gulf of Mexico, resulting in leakage of millions of barrels of its oil into the sea.
Battling one of the worst oil spills in decades, British energy major BP Plc has so far shelled out $3.5 billion towards containing the disaster.
In his remarks at the State Dining Room following his meeting with the BP executives - the first after the oil spill started in the Gulf of Mexico last month -- Obama said the $20 billion will provide substantial assurance that the claims people and businesses have will be honoured.
On his first visit to India after taking over as BP Plc Chief Executive Officer (CEO), Bob Dudley met Prime Minister Manmohan Singh, but what the CEO of the most talked petroleum company of the year did in his less than a day trip was to present "his credentials".
Insiders say that BP is planning a containment cap.
BP Plc, the British energy company, has joined the race to acquire a majority stake in Canadian oil-sand major, Value Creation, with an offer of $1.2 billion. Though the offer is less than Reliance Industries' $2-billion acquisition proposal, given on February 5, agencies reported that BP might set up a joint venture with the Canadian group, and increase its oil-sand holdings by as much as 50 per cent.
Hindustan Petroleum Corporation Ltd and British oil giant British Petroleum will decide on signing a binding agreement for a new refining and marketing joint venture vehicle to build a nine million tonne refinery at Bhatinda in Punjab by November 12.
Global oil major British Petroleum and French oil giant Total are eyeing equity in Hindustan Petroleum Corp's Rs 8,336 crore
TCS, Infy, Wipro among those that have bagged a five-year deal.
Godrej Consumer Products Ltd (GCPL) reported a 2 per cent year-on-year (Y-o-Y) increase in consolidated revenue to Rs 3,670 crore. Organic revenue growth in constant currency was up 14 per cent Y-o-Y. Consolidated operating profit was up 5 per cent to Rs 760 crore, profit before tax grew 10 per cent Y-o-Y to Rs 710 crore, and adjusted net profit grew 12 per cent Y-o-Y to Rs 490 crore.
A bench of Justices Abhay S Oka and Augustine George Masih, therefore, dismissed a plea of the Enforcement Directorate challenging a high court verdict that quashed the cognisance order of the agency's complaint (chargesheet) against two IAS officers.
rediffGURU and wellness expert Roopashree Sharma tells you how you can use natural methods to improve your health.
rediffGURU Dr Vinod Kumar offers advice on how to take care of your kidneys.
BP and Reliance Industries Ltd are leading the race to pick up a 25 per cent stake in Gujarat State Petronet Corporation and the Adani group's five million tonnes per annum liquefied natural gas terminal at Mundra.
Clearing the last hurdle, the Union home ministry has given unconditional approval for United Kingdom's BP to buy a 30 per cent stake in Reliance Industries' oil and gas blocks, including the showcase KG-D6 gas fields, for $7.2 billion.
Management commentary on demand environment, and forward guidance will be in focus when Indian IT services players declare their September quarter results for financial year 2024-25 (Q2FY25). The industry is exepected to have continued on the path of recovery in Q2, similar to the preceding quarter, rather than sprint towards growth. The top four firms likely grew between 0 per cent and 4 per cent year-on-year (Y-o-Y), according to consensus estimates.
Two months after a junior doctor was brutally raped and killed, the doctors' protest in Kolkata rages on.
Under pressure from the US administration to speed up efforts to contain the oil spill and compensate victims, BP had announced a $20-billion claims fund.
Two Central Reserve Police Force personnel also sustained injuries during the heavy exchange of fire that happened at Jakurador Karong in the Borobekra sub-division, they said.
'If something happens to Arvind Kejriwal, not just the whole country, even God will not forgive BJP'
Cut back on salt intake and just watch your blood pressure fall, advises Dr Sameer Gupta, cardiologist and director, Umkal Hospital, Gurugram.
The government nod to Reliance Industries selling 30 per cent stake in its oil and gas blocks such as eastern offshore KG-D6 to London-based BP Plc for $7.2 billion hinges on no-objection certificate (NOC) from Canada's Niko Resources and UK's Hardy Oil and Gas.
BP, which bought a 30 per cent stake in RIL's 21 oil and gas blocks, including KG-D6, for $7.026 billion in 2011, is working with RIL to arrest the output decline in the fields.
Close on the heels of getting nod to invest $ 7.2 billion in Reliance Industries' oil and gas properties, BP Plc on Wednesday said output from Mukesh Ambani-run firm's KG-D6 gas fields can rise only in 2014 after new fields in the area are quickly brought into production.
The mutual fund industry's QAAUM (Quarterly Average Assets Under Management) was up 37 per cent year-on-year (Y-o-Y) (9 per cent Q-o-Q) to hit Rs 59 trillion (end Q1FY25). The equity segment grew 55 per cent Y-o-Y and equity formed 56 per cent of total AUM, up 49 per cent in Q1FY24. Sequentially, AUM grew by Rs 5 trillion.
Despite the initial success in tamping down the oil flow, no-one is giving the all clear signal just yet and the testing for oil pressure will continue for two days.
In yet another bid to manage the raging crisis in the Gulf of Mexico, oil major BP said on Wednesday that it had bought the "oil spill" search string in Google.com. So, the next time when an internet user types "oil spill" in Google.com, the first response in the search results will be a link directing to BP's micro website that is dedicated to disseminating information on how it has handling the crisis on the ground.
There will be capital gains tax of 20 per cent with indexation.
BP is apparently targeting a higher percentage of offshoring.
