CCI to consider approval to RIL's KG-D6, 46 other blocks

Last Updated: Wednesday, January 30, 2013, 09:21

The newly formed Cabinet Committee on Investment is likely to consider on Wednesday clearing 47 oil & gas blocks, including Reliance Industries' producing KG-D6 gas fields, where defence approval has either been withdrawn or withheld.

Gas output from RIL's KG-D6 fields drops to 22 mmscmd

Last Updated: Monday, January 14, 2013, 18:07

The output is made up of 17.66 mmscmd from D1&D3 and 4.38 mmscmd from MA field.

Govt has disallowed RIL's $1 bn expense on KG-D6: Moily

Last Updated: Tuesday, November 27, 2012, 18:08

The output has dropped after hitting a peak of about 62 mmscmd in August, 2010.

Gas output in eastern offshore KG-D6 fields falls further

Last Updated: Wednesday, November 14, 2012, 18:39

Gas production from KG-D6 in the week ended November 4 dropped to 25.11 mmscmd from about 26 mmscmd last month, according to an output status report filed by the company with the Oil Ministry here.

RIL hopes CAG won't do a performance audit of KG-D6 block

Last Updated: Saturday, November 3, 2012, 21:51

RIL was reacting to the CAG's statement that the audit of the RIL-operated Krishna-Godavari (KG) D6 oil and gas block has to be both a financial and performance audit.

RIL: Never contested CAG auditing KG-D6 spends

Last Updated: Saturday, November 3, 2012, 21:38

"RIL has at no time contested the government's right to conduct an audit by any agency, including the CAG, as provided in Section 1.9 of the Accounting Procedure of the PSC," the company said in a statement this evening.

CAG likely to start audit of RIL's KG-D6 by month end

Last Updated: Tuesday, October 23, 2012, 20:50

The Comptroller and Auditor General of India (CAG) has called a so-called kick-off meeting on October 31 to begin the second round of audit, sources privy to the development said.

DGH may look at new oil, gas sharing system for govt

Last Updated: Wednesday, October 17, 2012, 18:45

Under the existing Production Sharing Contracts (PSC), like the one RIL had signed for KG-D6 in 2000, companies are first allowed to recover all their cost before government gets its share of profit.

RIL cuts capital investment in KG-D6 oil fields by over $3 bn

Last Updated: Sunday, October 14, 2012, 13:08

Sources said the company has scaled down capex in D1&D3 fields to USD 5.928 billion from USD 8.836 billion two-phase spending it had proposed in 2006.

OilMin rejects change in RIL's KG-D6 gas price before Apr 2014

Last Updated: Thursday, October 11, 2012, 21:56

The Oil Ministry has rejected any change in price of Reliance Industries' eastern offshore KG-D6 gas before April 2014 arguing that a higher price of fuel would result in USD 6.3 billion rise in subsidy burden.

RIL contests CAG's powers to audit KG-D6 field

Last Updated: Tuesday, October 2, 2012, 17:46

The CAG in the first round conducted a 'performance' audit which is contrary to the provisions of the Production Sharing Contract (PSC), it wrote on September 18.

Oil Min wants Cabinet to decide on RIL, Cairn proposal

Last Updated: Wednesday, August 22, 2012, 18:05

As a way out, the ministry wants to frame a policy for allowing exploration in a development area and will put it up to the Cabinet Committee on Economic Affairs for approval.