Niko Resources

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  Reliance, BP To Invest Rs 40,000 Crore More In Offshore Gasfield

  Reliance holds a 60 percent stake in a gas block in the Krishna Godavari (KG) basin, BP owns 30 percent while Calgary-based Niko Resources Ltd holds the rest.

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  Reliance Industries, BP To Acquire Niko's 10% Stake In Gas Block

  Gas discoveries in North-East Coast block NEC-0SN-97/1 (NEC-25) hold recoverable reserves of 1.032 trillion cubic feet.

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  BP Sees New Output From KG-D6 Block After 2020

  Reliance Industries holds 60 per cent interest in the block while the remaining 10 per cent is with Niko Resources of Canada.

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  G S Singhvi Named Arbitrator For $1.5-Billion Ongc-RIL Dispute

  RIL and its its partners BP Plc of the UK and Canada's Niko Resources, have named former UK high court judge Bernard Eder to the panel.

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  Government To Seek Legal View On Joining RIL Arbitration

  RIL and its partners BP Plc of the UK and Canada's Niko Resources had on November 11 brought an arbitration notice against the government, disputing the $1.55 billion demand.

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  Reliance Industries' Partner Niko Puts KG-D6 Stake For Sale

  Reliance Industries' partner Niko Resources of Canada has put on sale its 10 per cent stake in the flagging KG-D6 gas block off the east coast.

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  Reliance Industries Partners Consider Joining Arbitration In $1.55 Billion Gas Row

  Calgary-based Niko Resources Ltd, which holds a 10 per cent interest in Reliance Industries-operated KG-DWN-98/3 or KG-D6 block, said the partners believe they are "not liable for the amount claimed by the Government of India".

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  Government Slaps $380 Million Additional Penalty On Reliance Industries

  The government had for 2010-11 disallowed $457 million of cost, $548 million for 2011-12, $792 million for 2012-13 and $579 million for 2013-14. Now, another $380 million cost has been disallowed for output lagging behind target in 2014-15.

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  Niko to Give Stake in Gas Block to Reliance Industries, BP

  Cash-starved Niko Resources of Canada has decided to quit Reliance Industries' gas discovery block NEC-25, off the Odisha coast, by divesting its 10 per cent stake to the existing partners.

• Niko Calls Off Stake Sale in Reliance Industries' KG-D6 Block

  Financially strained Niko Resources of Canada has called off sale of its 10 per cent stake in Reliance Industries' KG-D6 block apparently because it could not find a buyer.

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  Reliance Industries to Relinquish Two Gas Discoveries Off East Coast: Report

  RIL and its partners -- BP plc of UK and Canada's Niko Resources -- will relinquish discoveries D-40 in NEC-25 block off the Odisha coast and D-31 in KG D6 block, sources privy to the development said.

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  Reliance Industries to Defer Gas Field Development if Price Outlook Uncertain

  RIL has made 19 oil and gas discoveries in the KG-DWN-98/3 block in the Bay of Bengal and so far only three - Dhirubhai-1 and 3 gas and MA oil and gas fields, have been brought to production. Multi-billion dollar development plans for five other finds including the significant R-Series have been approved.

• Niko Extends Time to Sell Stake in Reliance Industries Block

  Canada's Niko Resources has extended by over three months the search for a buyer of its stake in Reliance Industries' KG-D6 gas block to pay off debt.

• Canada's Niko to Sell Stake in Reliance Industries Block

  Stung by a lower-than-expected hike in natural gas prices, Canada's Niko Resources has put up for sale its stake in Reliance Industries' KG-D6 gas block saying there is uncertainty over long-term price outlook in India.

• BP Writes Off $830 Million Investment in KG-D6 Block

  BP Plc has written down the value of its investment in eastern offshore KG-D6 block by $830 million, following a lower-than-expected gas price hike.