India hatches shale gas plans

India is hatching its own plans for shale gas and could announce a new strategy in a fortnight, according to reports. The growing Asian superpower is finally following the lead of southern hemisphere rival China which itself is chasing after the low gas prices the US is enjoying from its shale gas boom. With the […]

India approves $7.2bn BP-Reliance alliance

A “historic” alliance between Britain’s BP and India’s Reliance Industries has been approved by the Indian Cabinet, according to the British oil company.First announced in February 2011, the proposed $7.2billion deal set up BP to take a 30 per cent stake in 23 oil and gas production blocks that Reliance operates in India. The Cabinet […]