Vedanta's oil and gas arm, Cairn Oil & Gas produces about 3.5 million standard cubic meters per day of gas from its largely oil-bearing block in Rajasthan

The board of ONGC at its meeting on February 13 approved creation of a new wholly-owned subsidiary company for gas and liquefied natural gas (LNG) business value chain, according to the firm's third quarter earnings announcement

Vedanta had put forward preliminary EoI for buying a 52.98 per cent stake in BPCL in November; govt's high-powered committee evaluates bids from Vedanta and other two private equity firms, Apollo Global and Think Gas

The company will have net cash (having more cash and cash equivalents on books than gross debt) after a gap of nearly seven years

RIL AGM: Mukesh Ambani said the company is working to complete contours of a $15 billion strategic partnership with Saudi Aramco

Combined production from these three fields is expected to be 30 million standard cubic metres per day (mmscmd) by FY2024

In August last year, Mukesh Ambani had announced to sale 20 per cent stake in the oil-to-chemical (O2C) business, which comprises its twin oil refineries at Jamnagar in Gujarat and petrochemical assets, to Saudi Aramco

RIL's valuation zoomed Rs 28,248.97 crore to Rs 11,43,667 crore ($150 billion) on the BSE in the early trade

Natural gas output from Dhirubhai-1 and 3 gas fields in the KG-D6 block in the Bay of Bengal started to lag company projections from the second year of production itself in 2010 and the field ceased to produce in February this year much ahead of its projected life

Reliance said it expects to achieve a peak output of around 28 million standard cubic metres per day by FY24 when all three projects are up and running

RIL has invested nearly Rs 4 lakh crore since 2010 to create the Jio digital ecosystem. However, the deal will help Mukesh Ambani to execute his plan to make RIL a net debt free company.

This will be the second reduction in six months and will reduce rates to the lowest in two-and-half-years

Reliance-BP is likely to offer as much as 5 million standard cubic meters per day of natural gas for bidding from newer discoveries in KG-D6 in next few days

In August last year, Reliance Industries head Mukesh Ambani had announced initial agreements to sell a 20 per cent stake in the oil-to-chemical business to the Saudi national oil company

Mukesh Ambani has transformed RIL into a manufacturing plus consumer-centric company

Indian Oil Corp, Bharat Petroleum and Hindustan Petroleum --currently own most of the 66,408 petrol pumps in the country

The Cabinet approved a strategic divestment of the government's 53.29 per cent stake in BPCL, along with transfer of certain management control. This is excluding BPCL's equity share holding of 61 per cent stake in Numaligarh Refinery

Cheering the government stake sale plan, BPCL share price gained as much as 4.38 per cent to touch an intraday high of Rs 528 apiece, after opening higher at Rs 520 against previous closing price of Rs 505.90

Reliance and its partner BP Plc of the UK is in the market seeking bids from potential users for the 5 million standard cubic metres per day of natural gas they plan to produce from the R-Cluster Field in KG-D6 block from mid-2020