Niko announces gas discovery at Reliance Mahanadi block

October 12th, 2009 NEW DELHI - The response for the latest round of auction for handing over hydrocarbon assets in India for exploration and development has been "poor", with even Reliance Industries refraining from making a single bid. The deadline for receiving bids for the eighth round of auction under what is called the new exploration licensing policy, was noon Monday.

October 3rd, 2009 BARASAT - Reliance Retail, part of Mukesh Ambani-led Reliance Industries, is looking at reviving its West Bengal projects "in a major way", a top official said here Saturday. "We are currently working on how best we can come back to the state in a major way.

September 22nd, 2009 MUMBAI - Telecommunications provider Reliance Infratel, promoted by Reliance Communications and part of the R-ADA group, will come out with an initial public offer to the tune of 10 percent of its paid-up equity capital, group chairman Anil Ambani said here Tuesday. Addressing shareholders at Reliance Communication's annual general meeting here, Ambani said the draft red herring prospectus for the issue would be filed by group company Reliance Power with market regulator Securities and Exchange Board of India.

September 16th, 2009 NEW DELHI - Reliance Mobile, the GSM arm of telecom operator Reliance Communication (RCom), Wednesday said it would launch a new mobile number series beginning with the digit "8" in the Delhi-National Capital Region circle. Reliance will be the first telecom operator to shift from the practice of beginning a cell phone number with the digit "9".

September 14th, 2009 NEW DELHI - The Mukesh Ambani-led Reliance Industries is in talks with the Sri Lankan government for exploring oil in the island country. The government is "in talks with Reliance for petroleum exploration", Sri Lanka's Minister of Investment Promotion Navin Dissanayake told reporters here Monday.

August 8th, 2009 NEW DELHI - The Comptroller and Auditor General of India (CAG) said on Saturday that it is in the process of auditing government's gas contract with Mukesh Ambani-led Reliance Industries Limited (RIL), but has not been able to access the books of the contractor for about two years. According to the sources the audit of the capital expenditure of Rs 45,000 crore by RIL in its Krishna-Godavari Basin gas fields, has gone into a limbo.

July 29th, 2009 Anadarko announced oil find in Gulf of MexicoHOUSTON — Oil company Anadarko Petroleum Corp. said Wednesday an exploration well being drilled encountered more than 250 net feet of oil pay in the deep waters of the Gulf of Mexico.

July 27th, 2009 NEW DELHI - The government has received $510,000 as its share of profit petroleum on commercial production of the Krishna-Godavari (KG) block crude oil for seven months, it said Monday. In a written reply tabled in the Rajya Sabha, Petroleum and Natural Gas Minister Murli Deora said that the government received $510,000 for the period between September 2008 to March 2009.

June 29th, 2009 MUMBAI - Reliance Globalcom, part of the Anil Ambani-owned Reliance Communications, Monday said its revenues for the quarter ended March 31, 2009 increased 23 percent to Rs.1,880.3 crore ($391 million). The company had posted Rs.1,525.7 crore in revenue during the January-March quarter last year.

April 2nd, 2009 NEW DELHI - Reliance India Ltd. (RIL) achieved a landmark in the history of oil and gas production when its deep-sea Krishna Godavari basin fields flowed to the surface on Thursday.

March 2nd, 2009 MUMBAI - In one of the largest merger deals in India, Reliance Petroleum will merge with its parent and the country's biggest company, Reliance Industries, in what the promoters say will create better synergies for them in the hydrocarbons space. The board of the two companies met here Monday to unanimously approve the merger in the ratio of one share of Reliance Industries for every 16 shares of Reliance Petroleum.

January 13th, 2009 MUMBAI - Mukesh Ambani's Reliance Industries Wednesday denied any pact with Anil Ambani Group's Reliance Natural Resources Ltd (RNRL) for the sale of natural gas from the Krishna-Godavari basin off the Andhra Pradesh coast. Representing Reliance Industries, senior counsel Harish Salve told the Bombay High Court that a memorandum of understanding was entered into with Reliance Energy, another company in the Anil Ambani group, for the Dadri power project in Uttar Pradesh.

January 11th, 2009 NEW DELHI - The oil production in Mukesh Ambani-owned Reliance Industries will start resume by the end of January, a senior official said Monday. 'The oil production in the Reliance KG Basin D6 block is set to resume by January end,' Director General of Hydrocarbons V.K.

January 7th, 2009 JAMNAGAR - An accidental explosion at the Reliance refinery here killed two engineers, the company said Thursday, a day after the incident. The explosion occurred Wednesday while a pipeline was being tested at the hydrogen plant of the newly commissioned refinery at Moti Khavdi.

January 6th, 2009 HYDERABAD - Reliance Digital, the consumer electronics arm of Reliance Retail, will sell Reva electric cars through its outlets across the country. Initially, Reliance Digital will sell the Reva through its digital stores in Hyderabad and Delhi.