LNG

Reliance Industries, the Indian company with growing natural gas output offshore eastern India in competition to LNG, has succeeded with the first ever jumbo US dollar Notes issuance from India for $4 billion, which was almost three-times over-subscribed, and showed the money-raising power of overseas oil and gas.

TechnipFMC, the Franco-US energy engineering company, said it was awarded a significant subsea contract by Reliance Industries of India for the development of a large natural gas field in the Krishna Godavari basin of the Bay of Bengal offshore Andhra Pradesh.