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Govt to auction 69 oil and gas fields of ONGC, OIL worth Rs 70,000 crore

Last Updated: Wednesday, September 2, 2015, 13:59

The fields hold 89 million tonne of oil and gas resources which are worth Rs 70,000 crore at current prices.

RIL to defer gas field development if price outlook uncertain

Last Updated: Monday, June 29, 2015, 16:55

Reliance Industries may defer development of R-Series and other satellite gas fields in the eastern offshore KG-D6 block if the gas price outlook was uncertain, its junior partner Niko Resources of Canada said.

ONGC, its partners developing LNG terminal in Mozambique

Last Updated: Monday, May 18, 2015, 18:31

In a step towards start of gas production from its giant Mozambique gas fields, state-owned ONGC and its partners have awarded contract for development of an onshore LNG terminal.

RIL not following PSC be treated as default: Parl panel

Last Updated: Tuesday, April 28, 2015, 18:14

A Parliamentary panel has asked government to treat Reliance Industries not drilling committed number of wells on the flagging KG-D6 gas fields as contractual 'default' and not just failure for taking remedial action.

India to auction 69 marginal fields owned by ONGC, Oil India: Official

Last Updated: Tuesday, April 21, 2015, 13:45

"Marginal field policy will have approval soon for 69 fields which ONGC and Oil India have agreed to give. We hope to put them for bidding," Saurabh Chandra told reporters in New Delhi.

PMT Gas fields case: Centre moves SC against arbitrator

Last Updated: Friday, April 10, 2015, 22:29

Government Friday moved the Supreme Court seeking removal of foreign arbitrator appointed by Reliance Industries Ltd (RIL) over its dispute over the Panna, Mukta and Tapti oil and gas fields.

RIL's MJ-1 discovery may hold 1.4 Tcf of gas resources

Last Updated: Tuesday, April 7, 2015, 13:53

Reliance Industries' most significant recent gas discovery MJ-1 in KG-D6 block may hold 1.4 trillion cubic feet of gas resources, roughly half of the reserves in the block's main gas fields.

RIL challenges oil ministry taking away 5 gas finds

Last Updated: Wednesday, February 11, 2015, 13:29

Reliance Industries has slapped an arbitration notice challenging oil ministry's decision to take away 814 square kilometer of its eastern offshore KG-D6 area that contained five gas discoveries.

Third phase of MHSRD scheme under 'pre-tendering' stage: Govt

Last Updated: Monday, December 22, 2014, 15:23

It is part of plans to redevelop the Mumbai High South oil and gas fields, Petroleum and Natural Gas Minister Dharmendra Pradhan said during Question Hour.

Reliance shuts 10th well on D1&D3 gas fields

Last Updated: Tuesday, November 26, 2013, 15:59

Reliance Industries Ltd (RIL) has shut another well on the main gas fields in the eastern offshore KG-D6 block due to high water ingress, leading to output plummeting to all-time low of 8.73 mmscmd.

Govt move to force old gas price for KG-D6 gas illegal: RIL

Last Updated: Thursday, September 5, 2013, 14:30

In a strongly worded letter, RIL on September 3 wrote to Oil Minister M Veerappa Moily saying the signed Production Sharing Contract (PSC) does not bind a contractor to indicative production numbers.

'Find if gas dip in RIL's KG-D6 is due to commercial reason'

Last Updated: Tuesday, April 23, 2013, 22:29

The Standing Committee on Petroleum and Natural Gas, in its report tabled in Parliament, noted with concern that the output from KG-D6 has been declining since 2010-11.