Reliance Industries Ltd., battling to reverse a two-year slump in natural gas production, is spending about $1 million a day with partner BP Plc to look for new reserves more than a mile below its biggest field, said a person with direct knowledge of the matter.
GAIL India Ltd., the first Asian company to buy liquefied natural gas from the U.S., plans to take advantage of the lowest prices in 13 years to boost imports from America and revive sales growth at home.
Bharat Petroleum Corp. is the best- performing energy stock on the MSCI AC Asia Pacific Index this year and analysts say its foray into exploration in Africa to counter refining losses may mean there’s more growth to come.
Reliance Industries Ltd. , India’s biggest company by market value, may speed up natural gas production after the nation’s top court said the fuel should be sold at the government-approved price, an analyst said.
Petronet LNG Ltd., India’s biggest liquefied natural gas importer, plans to buy the fuel from Canada to meet surging demand as output from a block operated by billionaire Mukesh Ambani’s company falls.
Reliance Industries Ltd. , India’s largest company by market value, cut fuel exports by 50 percent in the first half of this month, selling domestically to profit from shortages during plant maintenance by rivals.
Oil & Natural Gas Corp. gained the most in seven months in Mumbai after posting a record profit in the third quarter, potentially boosting investor confidence in a share sale likely to raise 126 billion rupees ($2.7 billion).
Reliance Industries Ltd., India’s biggest company by market value, fell to the lowest in six weeks after a report said the government is taking action against the explorer for the decline in output from the country’s largest natural gas field.
Reliance Industries Ltd. , India’s biggest company by market value, may spend about $5 billion on a wireless Internet venture as Chairman Mukesh Ambani reenters an industry he left to his brother in 2005, analysts said.