Ril Bp Deal

oil and gas properties, BP Plc on Wednesday pressed for an early government nod to develop satellite fields in the KG D6 block and reverse sagging natural gas output from the prolific acreage.

Words of rating agencies isn't gospel truth: Ashwani Kumar

Amid the controversy generated by downgrade of sovereign rating of the US by S&P, Minister of State for Planning Ashwani Kumar today said everything rating agencies say is not the "gospel truth" and India has remained an attractive investment destination despite a low grade.

BP's technical expertise will boost RIL: SMC Cap

In an exclusive interview with CNBC-TV18, Jagannathan Thunguntla, equity head of SMC Capital says the historical RIL-BP deal brings loads of cash to the already cash rich balance sheet of the company, and therefore, the real trigger will be seen if BP gets along its technical expertise.

Brokerages seal RIL-BP deal as positive turn for big boy

Deven Choksey, managing director at KR Choksey Securities believes that partnership with BP will add more credibility to RIL's fundamentals. "Deep water exploration expertise of the offshore company should help Reliance to overcome the hurdle of not getting additional gas produced from these blocks," he told CNBC-TV18.

CCEA may mull BP picking up stake in 21, not 23 RIL blocks

When the Cabinet Committee on Economic Affairs (CCEA) meets on Thursday to discuss the USD 7.2 billion Reliance Industries-British Petroleum (RIL-BP) deal, it will consider BP picking up 30% participatory interest in 21 and not 23 of RIL's oil and gas blocks as envisaged in the transaction by the two companies.

Cairn-Vedanta deal different from RIL-BP: Mukesh Ambani

On the back of the oil and gas joint venture formed between British oil major BP and Indian giant Reliance Industries (RIL), Mukesh Ambani, Chairman and Managing Director of Reliance Industries told CNBC-TV 18 that his company has one of the strongest balance sheets in the world and the deal will help the company to be debt-free.

BP deal to create unique value for shareholders: RIL

British oil major BP and Indian giant Reliance Industries have entered into an oil and gas joint venture in which Reliance Industries will receive a whopping USD 7.2 billion from the BP.