India's Reliance Industries has abandoned plans to develop an offshore oil exploration block in Oman six years after signing a production sharing agreement with the government, an oil and gas ministry official said.
"Reliance has informed
India's largest private sector firm Reliance Industries has reported a 28 per cent rise in quarterly net profit, boosted by earnings from refining crude and higher gas output.
The oil and petrochemical giant said net profit for the thr
Reliance Industries' holding in northern Iraq oil block has been reduced to 80 per cent after the Kurdistan Regional Government assigned 20 per cent stake in the block to Austria's OMV Petroleum Exploration.
'The Regional Gover
Indian energy giant Reliance Industries is close to a nearly $6 billion overseas acquisition and the likely target is the assets of petrochemicals firm LyondellBasell, the Economic Times reported on Monday, citing an unidentified banker.
State-run Oman Oil Company (OOC) on Wednesday bought stakes in two of the oil concessions blocks run by Reliance Industries in the Gulf of Oman, the firms announced on Wednesday.
OOC has bought a 30 per cent stake in block 18 and a 25 per
Reliance Industries chairman Mukesh Ambani visited J Ray McDermott Middle East's (J Ray) fabrication facility and marine department in Jebel Ali Free Zone.
Ambani arrived to inspect the Control Riser Platform (CRP) topsides which is curren
Yemen signed two oil exploration deals with a unit of India's biggest listed company, Reliance Industries, the Yemeni news agency Saba reported.
Under the production sharing agreements, Reliance Exploration & Production DMCC a
India's Reliance Industries signed a contract for a second exploration block off the Oman coast in the Gulf, a senior company official said.
'Block 41 is adjacent to our existing block in Oman and is spread over 20,000 sq km,' Atul Chandra
India's biggest listed company, Reliance Industries, posted a better-than-expected 28 per cent rise in second-quarter net profit on strong oil refining margins.
India's most valuable company, worth about $94 billion, said its July-Septembe
India's Reliance Industries has reported an oil discovery in a new block in the Krishna Godavari (KG) basin, the director-general of Hydrocarbons said.
'They (Reliance Industries) have informed us today about the oil find and production te