BP for extending marketing, pricing freedom to gas fields

Last Updated: Friday, September 11, 2015, 22:07

BP Plc, Europe's second-largest oil company, Friday made a case for extending the marketing and pricing freedom given to operators of marginal and small oil and gas fields to conventional fields like KG basin D6 block.

BP seeks higher gas price for undeveloped discoveries

Last Updated: Wednesday, July 15, 2015, 20:28

BP chief executive Bob Dudley yesterday met Prime Minister Narendra Modi, first since the BJP-led government stormed to power last May, and followed it up with a meeting with Oil Minister Dharmendra Pradhan this morning.

RIL, BP give up 2 more blocks; tally down to 4

Last Updated: Thursday, May 21, 2015, 16:15

Since 2012, RIL and BP have been pruning their portfolio, shedding not so viable acreage.

BP wins right to appeal Gulf spill damages claims

Last Updated: Saturday, May 9, 2015, 10:27

BP Plc deserves the right to have a federal appeals court review some damage claims awarded under the settlement to compensate people and businesses harmed by the 2010 Gulf of Mexico oil spill, a U.S. appeals court ruled on Friday.

RIL-BP to triple gas output from KG-D6 by 2021-22

Last Updated: Thursday, May 7, 2015, 16:43

Reliance Industries and its partner BP plc will nearly triple natural gas production from their eastern offshore KG-D6 block by 2021-22 in anticipation of a 'right' gas price covering their exploration risk.

OilMin wants BP to furnish bank guarantee for ATF licence

Last Updated: Sunday, May 3, 2015, 13:36

The Oil Ministry wants UK's BP plc to furnish a bank guarantee and an undertaking that it will meet the minimum investment requirement for getting a licence to retail jet fuel (ATF) to airlines in India.

Payout from BP oil spill settlement tops $5 billion

Last Updated: Thursday, April 16, 2015, 03:55

The administrator overseeing a BP Plc fund to compensate people and businesses claiming they were harmed by the 2010 Gulf of Mexico oil spill said on Wednesday more than $5 billion has been paid out.

India rejects BP's request to market jet fuel

Last Updated: Monday, March 30, 2015, 15:56

Consumption of aviation fuel is set to rise in India as domestic air traffic is estimated to almost triple this decade, with more of the country`s 1.25 billion people starting to fly and as airlines connect smaller cities.

BP appeals US judge's ruling on size of Gulf oil spill

Last Updated: Tuesday, February 24, 2015, 08:53

BP Plc on Monday appealed a federal judge`s finding of the size of the 2010 Gulf of Mexico oil spill, which leaves the company potentially liable to pay $13.7 billion in fines.

BP Plc writes off $830 million investment in KG-D6 block

Last Updated: Tuesday, February 3, 2015, 18:07

BP Plc has written down the value of its investment in eastern offshore KG-D6 block by USD 830 rpt USD 830 million, following lower-than-expected gas price hike.

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

Last Updated: Wednesday, January 28, 2015, 18:24

Reliance Industries and its partner BP plc of UK will invest about Rs 6,000 crore by 2016 to help sustain and improve recovery from the two main gas fields in the eastern offshore KG-D6 block.

RIL-BP to quadruple KG-D6 output to 50 mmscmd by 2020

Last Updated: Sunday, January 19, 2014, 17:10

Having reversed the falling output at KG-D6, Reliance Industries and its partner BP plc will quadruple production at the eastern offshore fields to around 50 million standard cubic meters per day by 2020.