Reliance Industries Ltd.
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About
Our motto “Growth is Life” aptly captures the ever-evolving spirit of Reliance. Our activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, and telecommunications. In each of these areas, we are committed to innovation-led, exponential growth. Our vision has pushed us to achieve global leadership in many of our businesses – including our position as the largest polyester yarn and fiber producer in the world. Reliance Industries Limited is a Fortune 500 company and the largest private sector corporation in India.
As Reliance sets sights on even more ambitious goals, we remain inspired and guided by the story and philosophy of our founder chairman Dhirubhai Ambani. Hailing from modest means, he followed his dream to create India's largest company. Reliance as an organization has adopted this ethos of converting adversity into opportunity and making the impossible possible by challenging conventional wisdom.
Our ultimate aim has always been – and will always be – to touch the lives of people in a positive way
Transactions
India’s Reliance Deals Eagle Ford Asset to Ensign, Exiting US Shale
India’s Reliance Deals Eagle Ford Asset to Ensign, Exiting US Shale
Marketed: Reliance Eagle Ford Shale ORRI Package
Marketed: Reliance Eagle Ford Shale ORRI Package
India’s Reliance Sells Marcellus Shale Position to Northern Oil and Gas
India’s Reliance Sells Marcellus Shale Position to Northern Oil and Gas
Newpek Sells Out of Texas Shale Including Eagle Ford Joint Venture
Newpek Sells Out of Texas Shale Including Eagle Ford Joint Venture
Pioneer Natural Resources Deals Eagle Ford Assets For $221.5 Million
Pioneer Natural Resources Deals Eagle Ford Assets For $221.5 Million
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News
Reliance Exercises Four-Well Option on Transocean Rig
Transocean Ltd. says the 270-day program will contribute about $111 million in backlog.
Transocean Contracted for Ultra-deepwater Drillship Offshore India
Transocean’s $123 million deepwater drillship will begin operations in the second quarter of 2026.
2023-2025 Subsea Tieback Round-Up
Here's a look at subsea tieback projects across the globe. The first in a two-part series, this report highlights some of the subsea tiebacks scheduled to be online by 2025.
Ecopetrol Reaches 10 MMbbl Sales of Carbon-Compensated Crude
State-owned Ecopetrol reached the 10 MMbbl mark for the sale of its carbon-compensated crude to markets in Asia, Europe and the Americas.
India's Solar Energy Corp. Proposes Joint Venture with Reliance
Under the proposal, Solar Energy Corp. will invite international bids for the supply of renewable energy to Reliance Industries' refineries and facilities in Gujarat.
MJ Field Offshore India Goes Onstream
HP/HT development follows R Cluster, Satellite Cluster in the deepwater KG D6 Block in the Bay of Bengal.
India's Reliance to Raise Up to $2B to Fund Expansion: Bloomberg News
Reliance plans on using India's dedicated external commercial borrowing route to secure a $2 billion loan.
Subsea Tieback Round-Up for 2022-2024
Here's a round-up of subsea tiebacks projects across the globe. The first in a two-part series, this list is a look at some of the subsea tiebacks scheduled to be online by 2024.
Analyst: Gas Production Offshore India Continues to Ramp Up
The Block KG D6 development leads offshore activity for India, while oil and gas production onshore is likely to remain level through 2030.
India’s Reliance Buys At Least 15 Million Barrels of Russian Oil: Traders
Indian refiners have snapped up the cheap barrels of Russian oil as India, the world’s third-biggest oil importer and consumer, is hit hard by high oil prices.
India’s Reliance Deals Eagle Ford Asset to Ensign, Exiting US Shale
The acquisition of Reliance’s U.S. shale position is set to make Ensign Natural Resources one of the premier private operators in the Eagle Ford, the Houston-based company said.
Reliance Backs Saudi Aramco Chairman as Independent Director
Last week, shareholder California State Teachers' Retirement Fund had voted against the move.
Aramco in Advanced Talks on up to $25 Billion Reliance Deal
Reliance had previously announced a sale of a 20% stake in its oil-to-chemicals business to Aramco for $15 billion in 2019, but the deal stalled after oil prices and demand crashed last year due to the pandemic.
Reliance Joins Bill Gates, Others to Invest $144 Million in U.S. Energy Storage Company
The investment comes months after the company announced plans to become a net-zero company by 2035.
Marketed: Reliance Eagle Ford Shale ORRI Package
Reliance Eagleford Upstream Holding LP retained EnergyNet for the sale of a package of overriding royalty interest in Eagle Ford Shale wells located across DeWitt and Karnes counties in South Texas.