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NIKO RESOURCES CASE
RIL, foreign firms refute in SC Centre's claim of 'unjust' extraction of gas from KG basinReliance Industries and its offshore partners are strongly denying allegations of siphoning gas from ONGC fields. The companies are in the ...- KG Basin case: Supreme Court refuses to pause hearing for 'mediation'The three companies wanted a bench comprising Chief Justice Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi to stop the hearin...
- Bangladesh ex-PM Khaleda Zia acquitted in all corruption casesA Dhaka court has acquitted former Bangladeshi Prime Minister Khaleda Zia and seven others of graft charges, including cases related to the...
- Niko exits KGD6 after settlement of $36 m with RIL, BPNiko had invoked arbitration after Reliance and BP asked the Canadian oil and natural gas company to exit the KGD6 block as it had defaulte...
- Tribunal rejects BP's claim for legal cost against governmentReliance is the operator of KG-D6 block with 60 per cent interest, while BP plc of UK holds 30 per cent and Niko Resources of Canada the re...
- Niko extends time to sell stake in RIL's KG-D6 block to Sept 15Canada's Niko Resources has extended the search for a buyer of its stake in Reliance Industries' KG-D6 gas block to pay off debt.
- RIL's MJ-1 discovery may hold 1.4 trillion cubic feet of gas resourcesMJ-1 may hold contingent resource of between 0.988 Tcf of gas and condensate (low estimate) and 2 Tcf (high estimate).
- BP, Niko seek arbitration over penalty for gas output declineBritish oil major BP Plc and Canada’s Niko Resources have issued arbitration notices to the government of India.
- BP, Niko to formally join RIL arbitration against GovernmentIf it is proved that the company deliberately produced less gas from the D1&D3 fields in KG-D6, the bank guarantee will be encashed.
- BP, Niko may have to join Reliance Industries' arbitration to get new gas priceBP Plc and Niko Resources may have to join ongoing arbitration proceeding before the govt allows these cos to charge higher prices for thei...
- Law Ministry to opine on BP, Niko status in RIL arbitrationThe near-doubling of gas prices to $8 per million British thermal units that will kick in from next month will accrue to all producers in t...
- Government to consult Election Commission on RIL’s D6 price hikeThe cabinet approved higher gas prices for all producers but in view of the arbitration it said there would be a separate order for RIL.
- BP may have paid $1.5 bn for stake in one Reliance gas blockBP Plc may have paid $1.5 bn for a stake in just one Krishna-Godavari basin gas discovery block of Reliance Industries as part of the landm...
- Oilex strikes gas reserves over 1.5 TCF in GujaratIndustry estimates put the total resource base or inplace reserves in the Cambay basin discoveries near the town of Khambat at between 20-3...
- Niko sees RIL starting gas production from KG basin by late DecemberReliance Industries (RIL) is expected to start commercial production of gas from the D-6 field in the Krishna Godavari (KG) basin by next m...
- Govt may block KG gas flow to RNRL, NTPCFertiliser sector to get priority, RIL may have to import if it is required to meet any obligation.
- Not enough gas for RNRL, says RILReliance Industries does not have sufficient gas in the KG basin to commit a firm supply of 28 MMSCMD of gas for a period of 17 years to An...
- Bangladesh sues Canadian oil giant for gas field blowoutBangladesh's military-backed government has filed a damage suit against a Canadian oil company demanding Rs 466.317 crore in compensation f...
- DGH faults Niko ResourcesDGH, country's top nodal agency for oil and gas production, has faulted Niko Resources of Canada for making an "out-of-turn" announcement o...
- DGH to ask RIL, Niko to explain gas reserves claimStop gassing! That’s the stern message that upstream regulator director DGH has sent across to Niko Resources - equity partners of Reliance...
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