{"id":291757,"date":"2019-09-16T06:33:05","date_gmt":"2019-09-16T06:33:05","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=291757"},"modified":"2019-09-16T06:33:05","modified_gmt":"2019-09-16T06:33:05","slug":"reliance-bp-take-over-nikos-10-stake-in-kg-d6-block-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-bp-take-over-nikos-10-stake-in-kg-d6-block-2\/","title":{"rendered":"Reliance, BP take over Niko\u2019s 10% stake in KG-D6 block"},"content":{"rendered":"<p>Reliance Industries and UK\u2019s BP Plc have taken over the 10 per cent shareholding of their partner Niko Resources in the eastern offshore KG-D6 block after the Canadian firm defaulted on paying for its share of gas field development cost.<\/p>\n<p>Sources with knowledge of the development said the oil minister has given \u2018unconditional\u2019 nod to Reliance and BP for taking over 10 per cent interest of Niko in KG-DWN-98\/3 or KG-D6 block in the Bay of Bengal.<\/p>\n<p>Reliance and BP split Niko\u2019s share in proportion to their existing shareholding in the block.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries and UK\u2019s BP Plc have taken over the 10 per cent shareholding of their partner Niko Resources in the eastern offshore KG-D6 block after the Canadian firm defaulted on paying for its share of gas field development cost. Sources with knowledge of the development said the oil minister has given \u2018unconditional\u2019 nod to Reliance and BP for taking over 10 per cent interest of Niko in KG-DWN-98\/3 or KG-D6 block in the Bay of Bengal. Reliance and BP split Niko\u2019s share in proportion to their existing shareholding in the block.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-291757","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/291757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=291757"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/291757\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=291757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=291757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=291757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}