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.
Tag: Reliance Industries
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Oil & Gas Stepping on the Gas
The complete deregulation of diesel prices and the announcement of the new gas pricing formula are bound to give a fillip to the oil & gas sector in the country. Finally, the oil & gas sector has been visited by the ´reforms
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RIL plans $13-bn projects
Reliance Industries (RIL) plans to invest about $13 billion in energy projects, including a 400,000 barrels per day (bpd) crude refinery at its Jamnagar complex.
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Looking East
While political differences may take a while to be ironed out, growing business collaborations between India and China are scripting a mutually benefiting story. China has shown keen interest to finance India´s infrastructure development
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Reliance Jio, Tower Vision in mobile tower pact
Reliance Jio Infocomm has signed a tower sharing deal with Tower Vision, which will help the telecom unit of Reliance Industries roll out its much-awaited high speed data and voice services faster and at a lower cost across India. The deal is for sharing 8,400 towers of Tower Vision, the two companies said in a joint statement.
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RIL, HMEL plan refinery expansions
Reliance Industries (RIL) and HPCL-Mittal Energy Ltd (HMEL) have sought environment ministry approval for raising capacity of their plants. RIL, whose two plants at Jamnagar has installed capacity to process about 1.2 million barrels per day (bpd) oil, has the
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RILs interim deal with buyers
Reliance Industries (RIL) will continue to supply gas at $4.2 a unit to 16 fertiliser units until the government comes out with another notification in this regard. A new agreement was necessary, as existing gas sales purchase agreements (GSPAs), signed in 2009, expired on 31 March 2014.
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RIL gets two blocks in Myanmar
The Ministry of Energy (MOE) of the Republic of the Myanmar selected Reliance Industries (RIL) for two offshore blocks (M17 and M18) in Myanmar Offshore Block Bidding Round 2013. Both the blocks are located offshore in the Moattama basin of Myanmar in water depths up to 3,000 ft and together encompass an area of 27,600 sq km.
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RILs interim deal with buyers
Reliance Industries (RIL) will continue to supply gas at $4.2 a unit to 16 fertiliser units until the government comes out with another notification in this regard. A new agreement was necessary, as existing gas sales purchase agreements (GSPAs), signed in 2009, expired on 31 March 2014.
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Cairn India is the fastest growing energy firm
In the global ranking, Cairn India has been ranked as the fastest growing energy company while Reliance Industries is the top ranked Indian energy firm in the global ranking. With a compound growth rate of 121 per cent in past three years, Cairn was ranked the fastest growing energy company in the world ahead of Cnooc of China, Valero Energy of the US, PetroChina, Essar Energy and Russian Rosneft, according to the Platts Top 250 Global Energy Company Rankings.