Page 4 - Bp
Rights issue, Aramco deal could make RIL debt-free 3 months before target
Reliance also received Rs 7,000 crore by selling 49 per cent stake in its petro retail business to BP
 "Rights issue, Aramco deal could make RIL debt-free 3 months before target")
Made in India, for and by Indians, says Reliance Industries on rights issue
In a corporate presentation titled 'New Reliance for a New India', released on Friday, RIL termed itself as the best proxy for India's consumption-driven and tech-propelled growth story.
After Facebook, what other deals are in the offing for Mukesh Ambani' RIL?
Mukesh Ambani, in August 2019, had said he wanted to make RIL a zero-debt company in 18 months by selling stakes in several businesses and unlocking value in some others
Reliance-BP to auction more gas from KG-D6 offshore block this month
The volume to be offered is the same as the one the company bid out in November last year
Reliance, BP pay $36 mn for exit of Niko in KG-D6 block, acquire 10% stake
The firm was paid USD 36 million to settle an arbitration it had initiated against Reliance and BP trying to force it out of the block over default in payment
 "Reliance, BP pay $36 mn for exit of Niko in KG-D6 block, acquire 10% stake")
BP profit declines by 40% in September quarter on oil price slide
The British oil company made its first net loss in more than three years in the quarter due to the one-off charge
 "BP profit declines by 40% in September quarter on oil price slide")
BP to pull out of Alaska after 60 years in $5.6 billion deal with Hilcorp
The deal calls for a $4 billion initial payment to BP with the remaining $1.6 billion in earnout payments over time
 "BP to pull out of Alaska after 60 years in $5.6 billion deal with Hilcorp")
Reliance, BP announce new joint venture to set up 5,500 petrol pumps
The joint venture will build on Reliance's existing fuel retailing network of near 1,400 petrol pumps and an aviation fuel business
 "Reliance, BP announce new joint venture to set up 5,500 petrol pumps")
BP to resume share buybacks as Q3 profit beats expectations
The profit growth was driven by a recovery in earnings from oil and gas production
 "BP to resume share buybacks as Q3 profit beats expectations")
Higher oil prices and output help BP triple its profit
Oil prices rose by 50% in the past year to around $54 a barrel in the first quarter
 "Higher oil prices and output help BP triple its profit")
BP buys Australian petrol pump network for $1.3bn
BP already owns 350 retail locations across Australia
BP beats quarterly earnings estimates, trims spending again
Oil prices are now trading at around $49 a barrel, meaning BP is banking on a slight rise in prices going into next year
 "BP beats quarterly earnings estimates, trims spending again")
BP seeks buyers for China petchem JV stake in up to $3 bn deal: Sources
Its single largest investment in China that would fetch $2-3 billion
 "BP seeks buyers for China petchem JV stake in up to $3 bn deal: Sources")
BP misses quarterly profit expectations, cuts investment again
Prompting another cut to its 2016 investment budget to below $17 billion
BP to go ahead with $8 billion Indonesia LNG project expansion
In May BP cut its budget for the project to $8-10 billion from $12 billion
 "BP to go ahead with $8 billion Indonesia LNG project expansion")
Viking connection
BP wisely chooses growth over control in Norway
BP sells 11.5% stake in Castrol India subsidiary
The company said there will be no impact from this financial transaction on staff or customers of Castrol India or its existing contracts
BP eyes more spending cuts after 80% profit drop
The British oil company lowered its 2016 spending target to $17 billion
 "BP eyes more spending cuts after 80% profit drop")
US court signs BP's $20 bn oil spill settlement
The money is to be paid out over roughly 16 years
 "US court signs BP's $20 bn oil spill settlement")
BP to end sponsorship of Tate museums
Last month, BP reported a $6.5 billion loss for 2015