Latest News on Niko resources
Showing of 0 - 10 from 13 results
Niko resources - Total results - 13
Nov 14, 2016
Reliance Industries' partner Niko puts KG-D6 stake for saleFinancially strained Niko had in February last year announced plans to sell its 10 percent stake in the KG-DWN-98/3 or KG-D6 block to pay off $340 million debt
Dec 23, 2014
Oil ministry asks GAIL to pay royalty on RIL gas priceRIL and its partners BP plc of UK and Canada's Niko Resources would pay royalty on $4.2 per million British thermal unit as is being done presently, official sources said.
Jun 04, 2014
Government unlikely to implement gas price hike retrospectivelyThe government may not implement the delayed increase in price of natural gas with retrospective effect as it would be difficult to back charge higher bills from power and CNG consumers, an official said.
Jan 03, 2014
RIL to increase KG-D6 gas production to reverse falling output trendProduction at KG-D6 has dropped to just about 12 mmscmd and MA-8 will help reverse the falling trend of last three years.
Dec 29, 2013
RIL, BP, Niko to give $1.2 bn bank guarantee over 3 yrs for higher gas priceThe bank guarantee, which will be equivalent to the incremental revenue that RIL will get from the new gas price, will be encashed if it is proved that the company hoarded gas or deliberately suppressed production at the main Dhirubhai-1 and 3 (D1 & D3) fields.
Dec 20, 2013
CCEA allows RIL to double gas price, asks for bank guarantee clausePrices of natural gas, which is an input to manufacturing fertiliser and electricity generation, will be revised every quarter based on the average of the past four quarters, with a gap of one quarter.
Dec 14, 2012
RIL, BP shut seventh well at KG-D6 due to sand, water ingressReliance Industries and its partner BP have shut a seventh well in the D6 block off the Andhra coast due to sand and water ingress, bringing down the number of producing wells to 11.
Jun 30, 2012
Niko expects new plan to help double KG-D6 reservesThe Canadian firm has earmarked $50 million for development of the D6 block this financial year
Jun 22, 2012
D6 drying up? RIL faces investors questionsGas output from the basin has been fast declining and Reliance Industries has been questioned by the government and the shareholders for the falling output.
Jun 22, 2012
Reliance, Niko to invest $4bn for satellite gas fields in D6Energy major Reliance Industries and partners BP and Niko Resources plan to spend $4 billion to develop satellite gas fields off India's east coast as gas output from D6 has been falling.