RIL-BP avert shutdown of KG-D6 fields

Last Updated: Sunday, January 12, 2014, 15:58

With Oil Minister M Veerappa Moily approving of the remedial measures that were pending for nearly 18 months, RIL-BP last week added the first production well on the block in more than four years to ramp up output by over 15 per cent to 13.7 million standard cubic metres per day.

US appeals court affirms BP settlement in 2010 Gulf oil spill

Last Updated: Saturday, January 11, 2014, 10:44

BP had supported the settlement agreement leading up to the December 2012 ruling by U.S. District Court Judge Carl Barbier approving it. But the company has since argued the administration of the settlement is faulty because it allows claimants without actual damages to join in.

BP says subsidy, bottlenecks hurt India investment prospects

Last Updated: Thursday, January 9, 2014, 23:20

BP Plc, the largest foreign investor in India's energy sector, today said a non-conducive business environment and subsidies have diluted the country's attractiveness to investors.

RIL to increase KG-D6 gas output

Last Updated: Friday, January 3, 2014, 13:34

RIL and its partners BP plc of UK and Canada's Niko Resources have spud the seventh well on the MA oil and gas field in the KG-DWN-98/3 or KG-D6 block in Krishna Godavari basin.

Court rejects BP bid to require proof of Gulf oil spill losses

Last Updated: Wednesday, December 25, 2013, 10:19

BP Plc has failed to persuade a federal judge to require businesses seeking to recover money over the 2010 Gulf of Mexico oil spill to provide proof that their economic losses were caused by the disaster.

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

Last Updated: Wednesday, December 11, 2013, 15:58

Global oil giant BP Plc and its partner Reliance Industries will invest USD 5-10 billion to quadruple natural gas production by 2020.

RIL-BP front-runner for picking 25% stake in Mundra Terminal

Last Updated: Tuesday, December 3, 2013, 16:23

State-owned Indian Oil Corp (IOC) and Oil and Natural Gas Corp (ONGC) are the other two firms shortlisted, officials said on the sidelines of 8th Asia Gas Partnership Summit here.

BP advocates market-based pricing of natural gas in India

Last Updated: Sunday, October 20, 2013, 00:16

"It is one thing to have the right resources below the ground, it is another to have the right conditions above the ground," Dudley said.

Reliance, BP promise $8-10 bn for more work on D6 gas block in India

Last Updated: Friday, October 18, 2013, 21:20

It was not immediately clear if this was an additional investment or already in budget plans for the block, where production has been in steady decline since 2010.

Dudley, Ambani meet Moily

Last Updated: Friday, October 18, 2013, 18:23

Ambani was not present when Dudley met Chidambaram.

Dudley, Ambani seek meeting with PM on gas issue

Last Updated: Thursday, October 17, 2013, 23:10

Dudley's third visit to India this year comes at a time when Oil Ministry, at the insistence of Finance Ministry, is seeking to deny his company and its partner RIL a new gas price for producing less natural gas than projected.

RIL to invest $3.2 bn to bring D34 gas discovery to production

Last Updated: Tuesday, October 15, 2013, 14:07

Reliance Industries has said it will invest USD 3.2 billion in bringing to production the satellite D34 gas discovery to reverse the decline in output at the Bay of Bengal KG-D6 block.