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Reliance Rises Most in Two Weeks as Profit Beats Estimate
The company also produces natural gas from a field off India's east coast with partners BP Plc (BP/), Europe's second-biggest oil company, and Canada's Niko Resources Ltd. (NKO) The federal government deferred a plan to raise gas tariffs by at least ...
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Niko Can not sell or transfer any property from Bangladesh
The International Arbitrary Tribunal Monday in its decision on Niko's lawsuit against the Petrobangla's compensation case paved the way for Bangladesh's claim to release $106m from Niko Resources Ltd for its two devastating blowouts at Chhatak gas ...
RIL barrels towards face-off with Modi govt over gas prices
On Monday, RIL's partner in the block, Canada's Niko Resources Ltd, said in a filing that �if the expected new price for natural gas sales from the D6 block in India is not notified by the government of India, then a significant portion of the ...
RIL to defer investments in developing newer fields  Business Today
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Govt appoints GS Singhvi arbiter in RIL gas dispute
This is the second arbitration between Reliance-led consortium of UK's BP plc and Canada's Niko resources. RIL had in November 2011 initiated an arbitration against the government's move to block the consortium from recovering part of investment - now ...
Arbitration verdict goes against Niko
Now the ICSID has said Niko can't sell or transfer its assets in Bangladesh until the local court comes up with the verdict or the parties concerned settle the issue between themselves, said Ajmalul Hossain QC, senior partner of A Hossain & Associates ...
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Gas price: Govt joins arbitration initiated by Reliance Industries Limited ...
With the government delaying a revision in gas prices, RIL and its partners BP Plc of UK and Canada's Niko Resources had on June 17 served an arbitration notice on the government naming London-based Sir David Steel as its counsel.
India disallows Reliance from cost recovery of $2.4 bln - minister
NEW DELHI, July 14 (Reuters) - India has disallowed Reliance Industries Ltd from recovering $2.376 billion invested to develop offshore gas fields in the D6 block on the country's east coast as output has fallen drastically and is way below the ...
Govt imposes $579 mn additional penalty on RIL
The penalty is in the form of disallowing costs incurred. The Production Sharing Contract (PSC) allows RIL and its partners BP Plc and Niko Resources to deduct all capital and operating expenses from the sale of gas before sharing profit with the ...
More levy on RIL  Calcutta Telegraph
Government slaps additional $579 million penalty on Reliance  Moneylife
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Opening Bell 7 July | Budget cues to determine market direction
Reliance Industries Ltd (RIL) will be in focus on escalation of its confrontation with the oil ministry over the gas price hike. RIL and its partners British Petroleum Plc and Niko Resources Ltd have appointed David Steele, a former British judge, as ...
RIL's peak output from KG basin seen at 50 mscmd
On 30 May, Niko Resources Ltd, which holds 10% in KG D6 block, said in its annual statement that the partners might even defer further investment in developing the resources if the government does not increase the price of gas.
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