Niko

"Assignment of Niko's participating interest (10 per cent) to RIL and BP approved by Government of India," RIL said in an analyst presentation on third-quarter earnings.

Reliance to contest government's $1.55 bn penalty

India's Reliance Industries Ltd is to contest a USD 1.55 billion fine imposed by the government on the company and its partners for selling gas belonging to the blocks of Oil and Natural Gas Corp, Reliance said in a statement.

ONGC gas row: Govt imposes $1.55 bn penalty on RIL, BP, Niko

Government has slapped a USD 1.55 billion demand on Reliance Industries and its partners BP and Niko for "unfairly enriching" by producing natural gas belonging to state-owned ONGC, a move that is most likely to land in arbitration.

Justice Shah: Why ONGC is not entitled to RIL compensation

The exploration of KG-D6 block by Reliance Industries (RIL) had led to migration of gas from the adjacent KGDWN-98/2 block operated by ONGC, which led to a loss to the exchequer, a report by the Justice AP Shah panel submitted to the government concluded yesterday.

Niko finds significant gas in India block; shares soar

The discovery, named D-55, comes at a time when the companies had been grappling with declining output at the block.

KG-D6 output hinges on RIL's new mkt-linked price formula

Reliance Industries (RIL) has demanded a market price of KG-D6 gas instead of USD 4.205 per million British thermal unit rate fixed for five years ending March 31, 2014.

Reliance, partners aim to spend $4bn on India gas field

Energy major Reliance Industries and its partners BP and Niko Resources plan to spend USD 4 billion to develop satellite gas fields off India's east coast, the Economic Times reported on Friday, citing company officials and government sources.

Niko's NOC to RIL-BP deal conditional: Sources

Canada-based Niko Resources' no-objection-certificate (NOC) to the USD 7.2 bn RIL-BP deal is conditional, reports CNBC-TV18's Nayantara Rai quoting sources.

Will seek govt nod for RIL deal this week: BP

Speaking exclusively to CNBC-TV18, Sashi K Mukundan, Country Head of BP said that it will seek government approval for the RIL deal this week.

Niko can raise stake in KG-D6 block to 13%: RIL

Reliance Industries has said that its partner Niko can raise its stake in KG-D6 and NEC 25 blocks by 30% reports CNBC-TV18 quoting agencies. Niko currently holds 10% in KG-D6 & NEC 25 blocks and they can increase their holding to 13%.