Ril Oil Production

Putin says Russia may cut its oil output in response to G-7 price cap

A decision on Moscow's response to EU price cap will be announced in a presidential decree within the next several days, says Putin

Windfall tax: Frequent changes create uncertainty for Indian oil producers

Experts say move is justified but government should clarify how proceeds will be utilised

After decade-low in July, Reliance Industries oil import up 58% in August

Reliance's oil imports in August rose about 58 per cent from July to 1.22 million barrels per day

Reliance Industries gains 5% as Morgan Stanley maintains overweight stance

Analysts at Morgan Stanley expect recovery in energy earnings after the trough (both refining and petrochemicals) seen in Q1FY20

Aramco deal more to secure crude supply than deleveraging: RIL officials

The O2C business has been the cash churner for RIL, say senior company officials

Reliance Industries' KG-D6 oilfields' Q3 production plunges to 4.9 mmscmd

Reliance Industries' eastern offshore KG-D6 gas fields have seen production plummet to the lowest level of 4.9 mmscmd in the third quarter of the ongoing fiscal. Natural gas production from Dhirubhai-1 and 3 (D1&D3) gas fields as well as MA field totalled 4.9 million standard cubic meters per day (mmscmd), RIL said in an investor presentation post October-December quarterly earnings. The output came from seven wells on D1&D3 fields and three wells on MA oil and gas field, the company said in the presentation, reasoning the fall to natural decline and ingress of water and sand in the wells. MA field also produced 2,042 barrels per day (bpd) of crude oil and condensate in October-December. The production compared with 5.4 mmscmd of gas and 2,073 bpd of oil in the second quarter of the current fiscal and 7.5 mmscmd and 3,329 bpd oil in Q3 of the previous fiscal. Natural gas and oil production has been dropping every quarter. RIL and its partner BP plc had in the ...