Ril-bp

Gas price for ONGC remains at decade low of $1.79, falls 11% for RIL-BP

The government on Wednesday left the price of natural gas produced by companies such as ONGC unchanged at a decade-low rate of USD 1.79

RIL's KGD6 investment of $6 bn to up its regulatory exposure: Moody's

Announced investment of Rs 40,000 crore in development of 3 fields in KG-D6 block off eastern coast

Segment stocks rally on RIL-BP investment plan but analysts dismissive

The up to 20 per cent rally on Friday in stocks of oil exploration, equipment and services companies is expected to be short-lived. The fundamentals continue to remain weak for the segment in the near term, experts said.On Thursday, Reliance Industries (RIL) announced it would invest Rs 40,000 crore ($6 billion) in three projects, over three to five years, for developing discoveries in its D6 block in the Krishna-Godavari basin, along with its 30 per cent partner, BP. The two will explore options to develop differentiated fuels, mobility and advanced low-carbon energy businesses in India, said RIL.Following this news, the stock prices of Jindal Drilling & Industries, Oil Country Tubular, GOL Offshore and Dolphin Offshore Enterprises (India) jumped by 12-20 per cent on Friday. Aban Offshore, Hindustan Oil Exploration Company and Selan Exploration Technology were up by three to eight per cent."The Reliance Industries plan is a long-term one (over three to five years) and nothing is .

Reliance, BP to invest Rs 40,000 crore in KG block over 3 to 5 years

Will jointly explore options to develop differentiated fuels, low-carbon energy businesses in India

RIL-BP to invest Rs 40,000 cr more to raise KG-D6 gas output to 35 mscmd

The gas project wlould reduce India's import dependence by 10%, says BP CEO Dudley