RIL tests presence of natural gas in contentious discoveries

Last Updated: Sunday, September 6, 2015, 10:41

RIL last week completed Drill Stem Test (DST) on the Dhirubhai-29 (D-29) gas discovery that established presence of hydrocarbon, sources privy to the development said.

Govt recovers Rs 368 crore additional profit from RIL

Last Updated: Monday, August 3, 2015, 17:28

Government has recovered nearly a third of the USD 195.34 million additional profit it is claiming from Reliance Industries' KG-D6 field as a result of penalty imposed for gas output lagging targets, Oil Minister Dharmendra Pradhan said Monday.

BP chief pitches for 'appropriate' pricing for gas projects

Last Updated: Wednesday, July 15, 2015, 15:22

Unlike past when he was accompanied by Mukesh Ambani, head of Reliance Industries -- BP's partner in India, Dudley met Modi yesterday alongwith his India head Sashi Mukundan.

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.

Niko seeks 3-month extension to sell stake in KG-D6 block

Last Updated: Sunday, June 14, 2015, 20:19

Reliance Industries` consortium partner Niko Resources of Canada has extended by over three months its search for a buyer of its stake in RIL`s eastern offshore KG-D6 gas block to pay off debt.

RIL to produce 23 mmscmd from gas finds in KG-D6: Oil Ministry

Last Updated: Tuesday, June 2, 2015, 17:40

The Ministry said 10 mmscmd gas will come from four satellite fields of D-2, D-6, D-19 and D-22 in the eastern offshore Krishna Godavari basin block KG-D6 and another 13 mmscmd from D-34 discovery.

RIL-BP to triple gas output from KG-D6 by 2021-22

Last Updated: Thursday, May 7, 2015, 16:43

Reliance Industries and its partner BP plc will nearly triple natural gas production from their eastern offshore KG-D6 block by 2021-22 in anticipation of a 'right' gas price covering their exploration risk.

CAG raps OilMin for letting RIL charge marketing margin in dollars

Last Updated: Tuesday, May 5, 2015, 17:40

Government auditor CAG Tuesday criticised the Oil Ministry for allowing Reliance Industries to charge a marketing margin on its KG-D6 gas in US dollars terms and not in rupees saying it will result in over Rs 201 crore excess subsidy payout on urea.

ONGC strikes 'significant' oil, gas in KG basin

Last Updated: Wednesday, April 29, 2015, 23:25

State-owned Oil and Natural Gas Corp (ONGC) Wednesday said it has made another significant oil and gas discovery in its Krishna Godavari basin deepwater block KG-D5, which sits next to Reliance Industries' flaging KG-D6 area.

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.

Oil Ministry rejects RIL arbitration notice, terms it 'untenable'

Last Updated: Sunday, April 26, 2015, 14:05

The ministry held that the move is in accordance with the provisions of the contract and there's no dispute that needs to be arbitrated upon.

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.