02.01.2012

Petronas In Talks With Oil Majors For Petchem Tie-Up

Petronas is in talks with several global oil majors including Shell and Exxon Mobil to develop petrochemical plants within its $20 billion refinery complex in southern Malaysia, two sources with direct knowledge of the matter said. more06.09.2011

Sir William Wakeham on the Importance of Chemical Engineering

A Wide Range - From Reliance Industries' Mukesh Ambani and SABIC's Mohammed al-Mady to stand-up comedian and perpetual watermelon smasher Gallagher, chemical engineers can be found in almost every walk of life. more04.07.2011

India's Reliance Retail Hires Former Wal-Mart Execs Rob Cissell and Shawn Gray

The retail subsidiary of Indian conglomerate Reliance Industries has appointed two former Wal-Mart executives to run the operations,  the Economic Times reported on Monday,  ahead of an expected opening up of the retail sector. more28.06.2011

Asia Naphtha/Gasoline-Cracks Plunge to Near 2-Week Low

Asia's naphtha price fell to its lowest in five months on Monday, while cracks hit a near two-week low as ample supplies remained an issue for sellers. The weak fundamentals were reflected in the sharply lower sales premiums fetched by Chinese WEPEC and India's ONGC and Reliance. WEPEC sold a parcel for August loading at steep discounts of $11.00 to $13.00 compared to premiums of $4.00 a ton it had fetched for a February cargo. "The market is in a bad shape," said a trader, referring to ample supplies. more14.06.2011

India's Reliance To Buy Bharti Stakes In AXA JVs

Reliance Industries said on Friday it would buy Bharti Enterprises's stakes in two insurance joint ventures with France's AXA to build on moves beyond its core energy business.        Reliance has diversified into the telecom, retail, financial services and hospitality sectors in recent years.        more06.06.2011

Reliance Industries Sees Government Approval for BP Deal In Few Weeks

India's largest listed firm Reliance Industries expects government approval for its deal with BP in the next few weeks, Chairman Mukesh Ambani said at the company's annual shareholder meeting on Friday. more03.06.2011

Marathon To Pay $3.5 Billion For Eagle Ford Assets

Marathon Oil Corp will buy oil and gas properties in Texas' Eagle Ford shale field for $3.5 billion from private equity firm KKR & Co and Hilcorp Resources Holdings LP, the companies said on Wednesday. more05.05.2011

Reliance To Invest $12 Billion In Chemicals, Launch Rubber Business

Reliance Industries plans to invest up to $12 billion in the chemicals business to tap the market for hygiene and healthcare products and will look at developing a new rubber business, Chairman Mukesh Ambani said in an interview to the Economic Times.
"We believe that hygiene will be a very big market in a rapidly prospering India where people's aspirations are rising," Ambani, the world's ninth-richest man according to Forbes, said. more29.04.2011

Reliance In Talks To Buy Stake In Insurer Bharti AXA

Billionaire Mukesh Ambani-controlled Reliance group is in talks to buy the stake held by Bharti Enterprises in an Indian insurer joint venture with AXA Group, the Economic Times reported on Friday. The discussions with Bharti have not yet reached a conclusion, the newspaper quoted people familiar with the matter as saying. more27.04.2011

India Petronet Plans To Buy 10 Spot LNG Cargoes In FY12

India's Petronet LNG  plans to import 10 spot liquefied natural gas (LNG) cargoes this fiscal on top of its deals with Spain's Gas Natural  and Qatar's Rasgas, its Chief Executive said on Tuesday, to meet growing energy demand in Asia's third largest economy. "There is a lot of discussion that domestic gas may not be able to match projections made earlier. So the logical solution is LNG and we should be able to pitch in," A. K. Balyan told reporters. more