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TechnipFMC Awarded Significant Subsea Contracts in India

TechnipFMC Awarded Significant Subsea Contracts in India

July 1, 2019 No Comments

TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded significant(1) subsea contracts by Reliance Industries Limited for the MJ1 field located in deep water offshore India in the Krishna Godavari basin. These contracts cover the fabrication and installation of flexible risers, rigid and flexible flowlines and umbilicals. Arnaud Pieton, President Subsea at TechnipFMC, commented: “We are […]

Reliance Media Statement Regarding Venezuelan crude

Reliance Media Statement Regarding Venezuelan crude

April 25, 2019 No Comments

Press stories suggesting that Reliance is involved in an arrangement that leads to cash payment for oil supplies to PDVSA via third parties are false and reckless. Reliance has purchased Venezuelan crude oil from companies such as ROSNEFT long before the imposition of US sanctions, as they do get title to Venezuelan oil in return […]

Reliance Industries  Announce financial Result for quarter ended 31 st March 2019

Reliance Industries Announce financial Result for quarter ended 31 st March 2019

April 18, 2019 No Comments

Reliance Industries Limited (RIL) today reported its financial performance for the quarter/year ended 31st March 2019 HIGHLIGHTS OF QUARTER’S PERFORMANCE (CONSOLIDATED) • Revenue increased by 19.4% to ` 154,110 crore ($ 22.3 billion) • PBDIT increased by 16.3% to ` 24,047 crore ($ 3.5 billion) • Profit Before Tax increased by 4.6% to ` 13,858 […]

Mitsui O.S.K. Lines  to acquire strategic stake in RIL

Mitsui O.S.K. Lines to acquire strategic stake in RIL

April 18, 2019 No Comments

Reliance Ethane Holding Pte. Ltd. (“REHPL”) (incorporated in Singapore, a wholly owned subsidiary of Reliance Industries Limited (“RIL”), having 100% holding in six limited liability companies (LLCs) which own Very Large Ethane Carriers (“VLEC” or the “Vessel”), Mitsui O.S.K Lines Ltd. (“MOL”) of Japan and a strategic minority investor have signed binding definitive agreements for […]

BP and Reliance To develop ‘Satellite cluster’ deep-water gas fields in India

BP and Reliance To develop ‘Satellite cluster’ deep-water gas fields in India

April 19, 2018 No Comments

BP and Reliance Industries Limited (RIL) today announced the sanctioning of the ‘Satellite cluster’ project in Block KG D6. The companies are moving forward to develop the Block’s discovered deep-water gas fields in an integrated series of projects, bringing new gas production for India. The ‘Satellite cluster’ is the second of three projects in the […]

Transocean Ltd. Receives Early Termination Notice on the Discoverer India

Transocean Ltd. Receives Early Termination Notice on the Discoverer India

October 4, 2016 No Comments

Transocean Ltd. (NYSE: RIG) announced that Reliance Industries Ltd. (Reliance) has elected to exercise its contractual option to terminate the contract for the ultra-deepwater drillship Discoverer India, effective December 2016, prior to its expiration in January 2021. In accordance with the contract, Transocean will be compensated by Reliance and its partners for the early termination […]

BG India achieves first oil production from the Mukta-B (MB),

July 10, 2015 No Comments

BG has a 30% interest in the Panna-Mukta oil and gas fields alongside our partners, ONGC and Reliance Industries Ltd. The MB and MA pipelines have also been successfully completed as part of the project, enabling a restart of production from the MA platform, which had been shut-in due to pipeline integrity issues for the […]

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