Reliance Industries

Tuesday, April 16, 2013 Reliance posts its biggest quarterly profit in 18 months as it exceeded market estimates by reporting a 32% increase in fiscal fourth quarter net profit, helped by higher refining margin.

Wednesday, February 20, 2013 Southeast Asia, notably Indonesia and Thailand, will take a central role in driving LNG demand moving towards 2020, a report by Wood Mackenzie said.

Tuesday, February 19, 2013 Reliance Industries and BP plan to jointly invest more than $5 billion to boost gas output at a block off India's east coast.

Friday, January 18, 2013 Reliance posts a better-than-expected 24% increase in net profit for the fiscal-3Q as an improved refining margin offset lower earnings in its petrochemicals and oil and gas production businesses.

Monday, October 15, 2012 Reliance Industries Ltd. posts a fall in net profit for the fourth straight quarter, hurt by a lower refining margin and a drop in natural-gas production.

Thursday, August 23, 2012 India is holding back clearances for more than a fifth of the exploratory blocks it has auctioned in various rounds since 1999 to domestic and overseas energy explorers due to defense, environmental and maritime boundary issues.

Thursday, August 09, 2012 Reliance slashed recoverable gas reserve estimates for key producing fields by 70%, citing production performance and a decline in pressure in the fields, the junior oil minister said.

Tuesday, August 07, 2012 India's oil ministry agreed to conditionally approve the capital-expenditure plans of Reliance and its partners for a key block in the eastern offshore Krishna-Godavari basin, a senior oil ministry official said.

Wednesday, July 25, 2012 The Indian govt is finalizing its shale gas exploration policy and expects to launch its first auction of shale gas blocks by December 2013.

Friday, July 20, 2012 Reliance posted a drop in its net profit for the third straight quarter, hurt by the conglomerate's energy business where refining margins remained weak and natural-gas output dropped.

Thursday, July 19, 2012 Chevron signs a preliminary deal with Indian conglomerate Reliance that would see the US company take stakes in two oil exploration blocks in the Kurdish region of Iraq.

Tuesday, July 17, 2012 India's oil ministry has asked Reliance and BP to provide all the accounts of investment at their east coast gas block to the federal auditor after the explorers sought the ministry's speedy clearances for further investments off the east coast.

Wednesday, May 09, 2012 Reliance cut its estimate of total proven natural gas reserves by 6.6% as it struggles with disappointing and declining output at its key D6 block in Krishna Godavari.

Friday, May 04, 2012 India's oil ministry is trying to restrict Reliance from recovering about $1B of its investment to develop an offshore gas field.

Thursday, December 22, 2011 An Indian parliamentary panel asks the oil ministry to review its PSCs with various operators and include stringent provisions for any violation of approved plan by explorers.

Monday, October 17, 2011 Reliance has suspended drilling at all the 21 blocks covered under a deal with BP for two-three months starting early October, a person with direct knowledge of the matter said Monday.

Thursday, September 15, 2011 BP will be able to start work on jointly developing Reliance's O&G blocks in India only after a revised PSC is drafted and signed by the stakeholders.

Thursday, September 08, 2011 Reliance and BP announced the completion of BP's acquisition of a 30% stake in 21 O&G PSCs that Reliance operates in India, including the producing KG D6 block.

Thursday, August 11, 2011 Reliance Industries expects to receive a $5.2 billion cash payment from BP by the end of August as part of the final stage of a stake sale in 21 oil and gas blocks, said a person familiar with the matter.

Tuesday, August 09, 2011 Reliance Industries Limited has received the Government of India approval for its transformational deal with BP.