ONGC invites bids for gas sale from Gamij field

Last Updated: Sunday, July 15, 2012, 22:43

ONGC will begin gas sales from Gamij field in Kheda district of Gujarat to the private sector soon through e-bidding process, the company said.

No obligation in contract on production targets: RIL to OilMin

Last Updated: Sunday, June 17, 2012, 15:21

Refuting Oil Ministry charges on KG-D6 gas field output lagging targets, Reliance Industries has said there is no "obligation" in the contract to achieve certain levels of production and the government cannot levy penalty for not meeting indicative output levels.

Man who discovered KG-D6 fields for RIL quits the company

Last Updated: Wednesday, May 16, 2012, 18:49

Bastia, who was in 2007 conferred the Padma Shri for finding the energy-hungry nation's second biggest gas find to date, resigned from RIL last week, industry sources said.

RIL cuts KG-D6 block natural gas reserves estimate by 7%

Last Updated: Tuesday, May 8, 2012, 21:14

Reliance Industries has cut estimate of natural gas reserves of its eastern offshore KG-D6 block by a little less than 7 percent, leaving over 6 trillion cubic feet of reserves still left to be recovered.

Oil Min disallows $1.4 bn cost recovery by RIL from KG-D6 fields

Last Updated: Thursday, May 3, 2012, 20:24

Oil Ministry has served a notice on Reliance Industries disallowing 1.45 billion of cost recovery from eastern offshore KG-D6 fields for failing to meet drilling commitment.

RIL told to sign GSPA with NTPC, 10 gas distribution cos

Last Updated: Thursday, April 26, 2012, 18:51

The government has ordered Reliance Industries (RIL) to sign agreements with NTPC and 10 city gas distribution firms for supply of natural gas from its eastern offshore KG-D6 fields.

RIL seeks arbitrator in gas dispute with govt

Last Updated: Wednesday, April 18, 2012, 14:55

Mukesh Ambani-led Reliance Industries Ltd (RIL) Wednesday approached Supreme Court seeking appointment of an arbitrator on behalf of government to decide its dispute with it over recovery of cost for developing the country's key natural gas field in the Krishna-Godavari (KG) basin.

ONGC to invest Rs 2,600 cr in gas fields development

Last Updated: Monday, March 19, 2012, 18:50

State-owned Oil and Natural Gas Corp (ONGC) will invest about Rs 2,600 crore in the third phase of development of C-series natural gas fields off the west coast.

Ambiguous Oil Min order may lead to KG-D6 price revision

Last Updated: Sunday, February 12, 2012, 13:41

While the Oil Ministry gears up to reject Reliance Industries' demand for a higher gas price, its order fixing USD 4.20 per mmBtu as price of KG-D6 gas may be ambiguous offering room for revision in rates before the set five-year term.

Iran discovers gas field in Caspian Sea

Last Updated: Sunday, December 11, 2011, 19:49

Iran sits atop the world's second largest proven reserves of natural gas and is the second largest OPEC oil producer.

Cairn makes second gas discovery in Sri Lanka's Mannar Basin

Last Updated: Monday, November 14, 2011, 16:40

Cairn India Monday said it has made a second natural gas discovery in the offshore Mannar Basin of Sri Lanka.

Sinopec finds deepest gas field in China

Last Updated: Saturday, September 17, 2011, 15:46

China's energy company Sinopec said it has discovered a natural gas field with around 160 billion cubic meters of proven reserves, deposited nearly 7 km underground.