Reliance

India’s Reliance Industries Ltd. has agreed to divest its entire stake in 64,000 net acres in the Appalachian Basin, continuing its exodus from unconventional oil and natural gas assets in the United States.  Northern Oil and Gas Inc. (NOG) agreed to acquire the nonoperated stake from Reliance Marcellus LLC in exchange for $175 million and…

BP plc and Reliance Industries Ltd. on Thursday said they plan to bring 1 Bcf/d of natural gas capacity onstream between 2020 and 2022 from three deepwater gas fields offshore India that hold an estimated 3 Tcf of discoverable resource.

Tulsa-based Reliance Oilfield Services LLC said Wednesday it is paying an undisclosed amount for FMC Technologies Inc.’s wireline services business in Canada and the United States, expanding its completions service lines across North America.

Tulsa-based Reliance Oilfield Services LLC said Wednesday it is paying an undisclosed amount for FMC Technologies Inc.’s wireline services business in Canada and the United States, expanding its completions service lines across North America.

India’s Reliance Industries has agreed to procure 1.5 million metric tons per year of ethane from the United States to produce ethylene at a new cracker in India, according to press reports.

President Obama’s climate action plan may increase reliance on natural gas as a baseload source of electricity generation, but it is also sparking plans for coal export projects in the West to market U.S. supplies to Asia-Pacific markets.

President Obama’s climate action plan may increase reliance on natural gas as a baseload source of electricity generation, but it is also sparking plans for coal export projects in the West to market U.S. supplies to Asia-Pacific markets.

ExxonMobil Corp., Chevron Corp., BP plc and super independent ConocoPhillips are expected to lead all other exploration and production (E&P) spenders in the United States this year, with capital expenditures (capex) on average about 5% higher than in 2012, according to a survey by Barclays Capital. Last year’s No. 2 spender, Chesapeake Energy Corp., dropped to No. 5 after cutting its exploration plans.

The Los Angeles Department of Water and Power (LADWP) gained more political support for a far-reaching plan to abandon its historic reliance on out-of-state coal-fired power generation and to rely more on natural gas.