Tue, Aug 15, 2017
The Production Sharing Contract (PSC) allows RIL and its partners BP Plc of the UK and Canada's Niko Resources to deduct all capital and operating expenses from the sale of gas before sharing profit with the government.
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Fri, Jun 23, 2017
Mukesh Ambani-led Reliance Industries and its partner BP have withdrawn a legal challenge against the government over delay in gas price revision, which will now entitle the two companies to marketing and pricing freedom on the natural gas they produce from newer fields in the deepsea at an investment of Rs 40,000 crore by 2022.
Thu, Jun 15, 2017
Reliance Industries Chairman Mukesh Ambani and BP's chief executive Bob Dudley will be addressing the media at 5.30 pm on June 15, 2017 to possibly announce a joint fuel pump business.
Mon, Nov 14, 2016
Reliance Industries' partner Niko Resources of Canada has put on sale its 10% stake in the flagging KG-D6 gas block off the east coast.
Tue, Nov 01, 2016
Mukesh Ambani led Reliance Industries Ltd (RIL) and its foreign partners Niko Resources are alleged to have migrated gas from Oil and Natural Gas Corporation (ONGC)’s block in the Krishan-Godavari basin and will be fined nearly $1.2 billion.
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