Bp India

India needs to boost strategic storage capacity: BP India head Dube

BP India Chairman Kartikeya Dube says India should expand strategic reserves, diversify energy sources and increase domestic oil and gas production to enhance energy security

Hydrocarbon exploration auctions: ONGC may tie up with Petrobras, BP, RIL

ONGC targets full sweep of 25 blocks in country's largest exploration round

Reliance Industries, bp start production from third field in KG-D6 block

At peak capacity, block to account for one third of India's domestic gas production

Omaxe partners with Jio-bp to set up EV charging and swapping infra

Jio-bp will set up EV charging and swapping stations at various Omaxe properties across 12 cities under the agreement

Dharmendra Pradhan visits bp's Global Business Services Centre in Pune

During his visit, Pradhan interacted with leadership and employees at the centre, bp said in a statement.

Reliance BP Mobility to provide free fuel to coronavirus ambulances

Reliance BP Mobility Ltd, has deployed a mobile fuel bowser in Mumbai for supplying fuel free of cost to ambulances on Covid-19 duty, a company statement said on Tuesday

BP poised to sell 'stranded assets' even if oil prices rally: Report

Major oil companies typically hold assets for the long term, even when crude prices plunge, with a view to start bringing more marginal production online when market conditions improve

BP invests $70 mn in NIIF's Green Growth Equity Fund, becomes a partner

Investment will help GGEF rapidly scale up commercially viable no-carbon and low carbon solutions and help India achieve its climate goals

BP completes full reversal of earlier impairments on KG-D6 gas block

British oil producer BP has completed the full reversal of all its previously booked impairments on the D6 block in the Krishna-Godavari basin (KG-D6), the company said in its annual report for 2017.It is confident of commencing production from the R-Series deepwater gas fields in KG-D6 by 2020."In 2017, BP recorded a $30-million impairment reversal and a $56-mn reversal of exploration write-offs due to increased confidence in the progress of projects in Block KG-D6. This fully reverses all previously booked impairments on the block," BP said.BP holds 30 per cent in Reliance Industries' (RIL's) KG-D6 block. In 2014, the company stated, it recorded an $810-million charge, comprising a $415 mn impairment charge and $395 mn exploration write-off, to write down the value ascribed as part of the acquisition of upstream interests from RIL in 2011. The impairment charge rose as a result of uncertainty in the long-term gas price outlook back then, after introduction of a new formula for ...