The company has been in talks with ConocoPhillips and Shell for some time. It now says the MoD's stringent norms on exploration in 'no-go' areas is posing a big challenge in taking the deal forward.
Reliance Industries Ltd has committed to invest of $563 million in exploration of oil and gas in the nine blocks it won in consortium with Hardy Oil of UK in the third round of New Exploration Licensing Policy.
Credit Suisse said $5.6 may work for Reliance Industries' R-Series gas field in the KG-D6 block but the economics for its satellite fields and NEC-25 block are uncertain.
The fields have reserves of about 89 million tonnes
Reliance Industries has made a 'significant' gas find in a Cauvery basin block-off the east coast, company officials said.
Reliance Industries has sought tripling of its KG-D6 gas price from April 1, 2014 after the current below market rate of USD 4.205 per mmBtu expires.
These investments will be targeted at petrochemicals, exploration and production and telecom businesses.
With RIL entering a new growth phase in telecom and retail, gen-next, say RIL executives, could soon be seen holding the reins of the firm, assisting their father, Chairman Mukesh Ambani.
While global competitors Amazon and Walmart are looking to explore B2B online in India, traditional Indian retailers like the Future group and Reliance Retail and e-commerce players such as Snapdeal and Flipkart have no immediate plans in this area.
The RBI governor's assurance should give investors enough confidence to start believing in the NBFC sector again, say bankers.
Morgan Stanley said two of three RIL's core divisions face near-term headwinds.
The Indian unit of the British energy firm BG group, Oil and Natural Gas Corp and Reliance Industries signed an amended contract for the Panna/Mukta oil and gas and Tapti gas field with the government for joint management of the fields.\n
Business doyens with enviable reputations have been setting up educational institutes across the country. We explore how good they are.
The apex court sets aside Delhi HC order on the oilfield.
The Reserve Bank has notified that all transfer of stake or interest in an oil and gas field to non-residents will be treated as FDI and will have to be reported under Foreign Exchange Management Act (FEMA).
Ril's shale gas may be impacted due to fracking ban
As cinemas remain shut and watching movies on big screen still a distant dream, OTT platforms are keeping us distracted from the pandemic with its steady supply of content.
India on Wednesday announced auction of 46 small discovered oil and gas fields, holding about Rs 70,000 crore worth of hydrocarbon reserves.
RIL shares attracted good buying support in a bullish market and closed up by 4.80 per cent at Rs 754.05 a piece on the Bombay Stock Exchange.
Hamsini Karthik reveals why the ongoing business rejig will help unlock value for shareholders of Grasim, Reliance Capital and Tube Investments
The newer gas finds will help turn the tide for ONGC, which has seen oil and gas output stagnating in recent times.
Amazon Prime has reportedly bought the film's exclusive premiere rights at a whopping Rs 30 crore.
There has been an exponential increase in the use of technology to validate financial numbers, with a greater reliance on electronic evidence, use of live videos where possible, data analytics, and project management software to overcome the physical limitations in verifying transactions and accounts.
The state-run Oil and Natural Gas Corporation has walked away with bulk of the 21 oil and gas exploration blocks in the fourth round of new exploration licensing policy.
The broader markets also ended in the red, after a rally seen in the sectors last week.
The government on Friday awarded 20 oil and gas blocks for exploration and production -- 14 of which went to Oil and Natural Gas Corporation and partners.
Participant Media led by Jeff Skoll and Entertainment One, a leading US-based media company, are also part of the joint venture.
Mukesh Ambani-led Reliance Industries on Saturday said it plans to invest upto $14 billion in its oil exploration and production business and laying transportation pipelines.
Brand managers are increasingly exploring advergaming (or in-game advertising) as a medium to attract young gamers while adding a new stream of revenue.
BP will pay $7.2 billion for 30 per cent stake in exploration blocks.
Reliance Industries' Mukesh Ambani, IT honchos Azim Premji and S Ramadorai and Chairmen of oil PSUs will accompany Prime Minister Manmohan Singh on his maiden visit to Saudi Arabia from February 27 when the two countries will ink nine pacts.
The last time a prime minister attended an event at AMU was Lal Bahadur Shastri in 1964. Before him, then prime minister Jawaharlal Nehru had visited the AMU four times.
Heavy rain in coastal Andhra Pradesh in the wake of Cyclone Laila has paralysed industrial activity in the state, including closure of oil rigs in the Krishna-Godavari Basin. Cargo handling at ports also suffered due to the incessant rain.
Hike would have led to higher cost of fertiliser, electricity and even CNG.
The 635-sq km CB-ONN-2003/1 block is located at a distance of about 130 km from Ahmedabad, in Gujarat.
Mukesh Ambani-led Reliance Industries on Tuesday said it has made the first oil discovery at an exploratory block in the Cambay basin in Gujarat.
To proceed with a Cabinet proposal to grant the relaxations to RIL, the Election Commission's approval will be sought.
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