Latest news with #ExplorationandProduction
Business Upturn
18-07-2025
- Business
- Business Upturn
Reliance oil & gas segment Q1 results: Revenue down 1.2% YoY to ₹6,103 crore, EBITDA down 4.1%
Reliance Industries Limited announced its Q1 FY26 results for the Oil and Gas (Exploration and Production) segment, reporting a modest decline in revenue and EBITDA compared to last year. For the quarter ended June 30, 2025, revenue came in at ₹6,103 crore, down 1.2% from ₹6,179 crore in the same quarter last year. The decline was primarily due to lower sales volumes of KG D6 gas in line with the natural decline in production, as well as lower prices realized for CBM gas and crude oil. Advertisement EBITDA for the quarter was ₹4,996 crore, representing a 4.1% drop from ₹5,210 crore in Q1 FY25. EBITDA margin also contracted by 240 basis points year-on-year to 81.9%, reflecting higher operating costs owing to maintenance activities. On the operational side, KG D6 production stood at 63.9 BCFe, down 7.9% YoY, while CBM production increased 21.7% YoY to 2.8 BCFe. The company noted that the average price realized for KG D6 gas rose to $9.97/MMBTU in Q1 FY26, compared to $9.27/MMBTU last year. In CBM operations, the second phase of drilling for 40 multi-lateral wells has begun, with 2 wells completed and 1 already in production. Despite lower revenue and profitability in this segment, Reliance highlighted steady progress in both KG D6 and CBM projects, along with ongoing investments to sustain and enhance production levels.
Zawya
09-04-2025
- Business
- Zawya
Egypt: Badawi, TotalEnergies discuss production expansion in Bashrush concession
Arab Finance: Minister of Petroleum and Mineral Resources Karim Badawi met with a TotalEnergies delegation to explore ways to improve and increase production rates in the Bashrush concession area, according to an official statement. The officials reviewed the company's current projects in Egypt and discussed activating commercial agreements related to the Cypriot Cronos field, which regulate the interconnection, transportation, processing, liquefaction, and export processes. On his part, Badawi highlighted the petroleum sector's interest in boosting cooperation with TotalEnergies in the fields of exploration in Egypt and the Eastern Mediterranean region. The delegation included Senior Vice President of Exploration and Production for the MENA region Julien Pouget, Vice President of Exploration and Production for North Africa Jean-Marc JAILLET, and General Manager of Exploration and Production for Egypt and Cyprus Pascal Brinet. The meeting was also attended by Yassin Mohamed, CEO of Egyptian Natural Gas Holding Company (EGAS), and Moataz Atef, Undersecretary for the Technical Office, the Minister's Office Affairs and the Official Spokesperson. It is worth noting that the gathering came on the sidelines of the 17th edition of the OMC Med Energy Conference and Exhibition 2025 that is being held in Ravenna, Italy. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
