Reliance Industries Ltd. has exercised its contractual option to terminate its contract with Transocean Ltd. for the ultra-deepwater drillship Discoverer India, effective December 2016, prior to its expiration in January 2021.
In accordance with the contract, Transocean will be compensated by Reliance and its partners for the early termination through a lump-sum payment of approximately $160 million.
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Climate Investment Funds, a multilateral lender, has announced that it will provide an initial investment of $1 billion to…
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J-Power, a subsidiary of Japan's Electric Power Development, announced on Thursday that it had decided to sell its 50 percent…
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