Bp Plc

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Bp Plc - Total results - 32
Reliance Industries' slew of equity deals to drive improvement in company rating: Fitch Ratings
Business

Reliance Industries' slew of equity deals to drive improvement in company rating: Fitch Ratings

Reliance Industries' proposed $7 billion rights issue, a string of equity deals of $8 billion in Jio Platforms, and $1 billion from a joint venture with BP plc will allow its leverage to improve, Fitch Ratings said on Wednesday

Reliance Industries to hive off $75 bn oil-to-chemical business into separate unit for sale to Aramco
Business

Reliance Industries to hive off $75 bn oil-to-chemical business into separate unit for sale to Aramco

Reliance Industries Ltd (RIL), India's largest company, on Thursday said its board has approved hiving off its $75 billion worth oil-to-chemicals business into a separate division to enable the sale of 20 percent stake in the unit to Saudi national oil company Aramco

Oil futures open lower in electronic trading, extend losses from last week; traders expect demand to fall for months
Business

Oil futures open lower in electronic trading, extend losses from last week; traders expect demand to fall for months

Trading in oil was extremely volatile last week, in an extension of the selling that has dominated trading since early March as demand collapsed 30 percent due to the pandemic.

Crude falls more than 10% to lows not seen since 1999; oil market under pressure due to weak fuel consumption, grim forecasts
Business

Crude falls more than 10% to lows not seen since 1999; oil market under pressure due to weak fuel consumption, grim forecasts

The oil market has been under pressure due to a spate of reports on weak fuel consumption and grim forecasts from the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency.

Former IOC chairman Sarthak Behuria joins Reliance Industries to steer fuel retail venture; partners plan to expand oil retailing network
Business

Former IOC chairman Sarthak Behuria joins Reliance Industries to steer fuel retail venture; partners plan to expand oil retailing network

Last year, BP Plc paid Rs 7,000 crore to buy a 49 percent stake in Reliance Industries' fuel retail business.

New fuel retail policy: Licensees have to set up minimum 100 petrol pumps, 5% of it in remote areas
Business

New fuel retail policy: Licensees have to set up minimum 100 petrol pumps, 5% of it in remote areas

India's new liberalised petrol pump norms require licensees to set up a minimum of 100 outlets with at least 5 percent of them in remote areas

Reliance Industries' market cap comes very close to Rs 10 lakh cr in intra-day trade as stock hits record high
Business

Reliance Industries' market cap comes very close to Rs 10 lakh cr in intra-day trade as stock hits record high

The market valuation of Reliance Industries, the country's most valued firm, came very close to the Rs 10 lakh crore mark in intra-day trade on Tuesday

Reliance Industries overtakes British energy giant BP Plc to become 6th largest company in the world; now valued at $138 bn
Business

Reliance Industries overtakes British energy giant BP Plc to become 6th largest company in the world; now valued at $138 bn

The market valuation of Reliance Industries, the country's most valued firm, is fast nearing the Rs 10 lakh crore mark helped by the continuous rise in its share price. It overtook BP Plc to become the world’s sixth-largest energy company in terms of market capitalisation.

Reliance Industries says on track to produce gas from newer fields by mid-2020;
Business

Reliance Industries says on track to produce gas from newer fields by mid-2020;

Reliance Industries and its partner BP Plc of the UK had in June 2017 announced an investment of Rs 40,000 crore in three sets of discoveries to reverse the flagging production in KG-D6 block

Reliance Industries, BP take over Niko's 10% stake in eastern offshore KG-D6 block
Business

Reliance Industries, BP take over Niko's 10% stake in eastern offshore KG-D6 block

Reliance Industries and UK's BP plc have taken over the 10 percent shareholding of their partner Niko Resources in the eastern offshore KG-D6 block after the Canadian firm defaulted on paying for its share of gas field development cost

Fitch Ratings raises Reliance Industries outlook to positive on company's zero net-debt announcement
Business

Fitch Ratings raises Reliance Industries outlook to positive on company's zero net-debt announcement

Fitch Ratings on Friday raised the outlook on Reliance Industries (RIL) to positive from stable due to the company's potential to further deleverage following its announcement to eliminate its net debt by March 2021

Reliance Industries, BP form joint venture to set up 5,500 petrol pumps; retail aviation turbine fuel for airlines in India
Business

Reliance Industries, BP form joint venture to set up 5,500 petrol pumps; retail aviation turbine fuel for airlines in India

Reliance Industries and UK's BP plc have agreed to form a new joint venture to set up 5,500 petrol pumps and retail aviation turbine fuel to airlines in India, the two firms said on Tuesday

Reliance Industries asks Niko Resources to exit from KG-D6 gas block over payment default, Canadian firm seeks to stall move
Business

Reliance Industries asks Niko Resources to exit from KG-D6 gas block over payment default, Canadian firm seeks to stall move

Reliance is the operator of KG-D6 block with 60 percent stake and UK's BP plc has 30 percent interest.

Government to move high court against Reliance Industries arbitration award, says oil minister Dharmendra Pradhan
Business

Government to move high court against Reliance Industries arbitration award, says oil minister Dharmendra Pradhan

A three-member international arbitration tribunal held that RIL could contractually produce and sell any gas that might have migrated from adjoining fields of state-owned ONGC.

Gas retailing bids: Reliance Industries-BP joint venture seeks licence for 15 cities, IGL 13
Business

Gas retailing bids: Reliance Industries-BP joint venture seeks licence for 15 cities, IGL 13

Bidding for the biggest city gas distribution licensing round, offering 86 permits for selling CNG and piped cooking gas in 174 districts in 22 states and union territories, closes this evening

Reliance Industries-BP announce sanctioning of second project to develop satellite gas fields in KG-D6 block
Business

Reliance Industries-BP announce sanctioning of second project to develop satellite gas fields in KG-D6 block

Reliance Industries and its partner BP plc on Thursday announced sanctioning of a second project to develop satellite gas fields in the KG-D6 block

India Gas Solutions signs MoU with Andhra Pradesh to create marketing infra for natural gas
Business

India Gas Solutions signs MoU with Andhra Pradesh to create marketing infra for natural gas

The joint venture is now actively marketing natural gas produced from eastern offshore KG-D6 block on behalf of both RIL and BP

Reliance Industries, BP to invest $1.5 bn to develop satellite gas fields in KG-D6 block by 2022
Business

Reliance Industries, BP to invest $1.5 bn to develop satellite gas fields in KG-D6 block by 2022

The government had in 2012 approved a $1.529 billion plan to produce 10.36 million standard cubic meters per day of gas from four satellite fields of block KG-DWN-98/3 (KG—D6) by 2016-17.

Prime Minister Narendra Modi meets top global, Indian oil chiefs, talks investment
Business

Prime Minister Narendra Modi meets top global, Indian oil chiefs, talks investment

This is the second meeting Prime Minister Narendra Modi had with CEOs of oil majors