The International Energy Agency (IEA) estimates global oil demand to be highest in five years on weak oil prices. Global refining margins are up 30 per cent year-on-year (YoY)
Tag: RIL
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Will protect ONGC´s interest in row: Pradhan
Oil Minister Dharmendra Pradhan has vowed to protect government and ONGC´s interest on the issue of its natural gas from Bay of Bengal
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RIL starts fresh drilling to boost KG-D6 output
Reliance Industries and its foreign partners BP and Niko Resources have commenced fresh drilling at the D1 and D3 fields
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Piping hot
During the Eleventh Plan period (2007-2012), domestic players exceeded the planned capital expenditure outlay. They invested Rs 2,751.6 billion, 120 per cent of the planned target of Rs 2,289.9 billion.
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Tapti field shows signs of early dry-out
The Tapti gas field, part of the Panna-Mukta-Tapti asset in the west coast of India, has started showing signs of a rapid early decline in output. According to the latest estimates, the field, which was earlier expected to produce till the end of the next financial year, might see production end by June.
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RIL challenges Govt´s decision on gas discovery
Reliance Industries has slapped an arbitration notice challenging the Oil Ministry´s decision to take away 814 square km (sq km) of its eastern offshore KG-D6 area that contained five gas discoveries.
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Petron wins `100 cr project at Reliance Jamnagar
Petron Engineering Construction has bagged a Rs 100 crore contract for mechanical works at Reliance Industries Jamnagar project.
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RIL, BP to invest Rs 800 cr in Tamil Nadu
RIL, along with its partner British Petroleum, plans to invest about Rs 800 crore to carry out exploratory drilling in an offshore block in the Bay of Bengal.
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Panel clears $4 bn investment plan of RIL, partners
At a recent meeting, a block management committee approved the proposed investment of $4 billion by Reliance Industries and its partners to produce natural gas from the D34 blocks in KG-D6 basin. The partners of RIL in this venture are BP Plc and Niko Resources. D34, which is part of the R-Series gas-field in the block, was declared commercially viable. R-serie
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Govt to ascertain hoarding allegation against RIL
The government is taking steps to ascertain whether Reliance Industries (RIL) hoarded natural gas produced from KG-D6 field in anticipation of higher prices. In this regard, the government plans to appoint a reputed independent consultant. If the consultant feels that RIL hoarded gas in anticipation of higher prices, it wou