CAG wants $357.16 mn of RIL's KG-D6 cost disallowed

Last Updated: Friday, November 28, 2014, 16:56

The CAG found irregular payment of USD 427.48 million to contractors, of which it sought disallowance of at least USD 77.36 million cost.

Crude oil production up 1.6%, natural gas down 10% in Dec

Last Updated: Friday, January 24, 2014, 21:40

India's crude oil production rose 1.6 percent in December but natural gas output was down by 10 percent by the flagging eastern offshore KG-D6 fields of Reliance Industries.

Kelkar says no incentive to RIL to gold plate or under-produce

Last Updated: Thursday, January 23, 2014, 17:49

In a validation of Reliance Industries' stand, an expert committee led by former finance secretary Vijay Kelkar has said that there is little incentive for oil and gas explorers to 'gold plate' costs or wilfully under produce.

Oil Ministry split on extra time for RIL to validate gas finds

Last Updated: Wednesday, January 22, 2014, 17:55

The Petroleum Ministry is split down the middle on allowing Reliance Industries extra time to validate five natural gas discoveries worth USD 10 billion.

RIL-BP to quadruple KG-D6 output to 50 mmscmd by 2020

Last Updated: Sunday, January 19, 2014, 17:10

Having reversed the falling output at KG-D6, Reliance Industries and its partner BP plc will quadruple production at the eastern offshore fields to around 50 million standard cubic meters per day by 2020.

RIL repairing three shut wells at KG-D6 to raise gas output

Last Updated: Monday, January 13, 2014, 14:27

"We can't drill any more wells on (main) Dhirubhai 1 and 3 (D1&D3) fields," RIL Executive Director P M S Prasad told reporters here.

RIL-BP avert shutdown of KG-D6 fields

Last Updated: Sunday, January 12, 2014, 15:58

With Oil Minister M Veerappa Moily approving of the remedial measures that were pending for nearly 18 months, RIL-BP last week added the first production well on the block in more than four years to ramp up output by over 15 per cent to 13.7 million standard cubic metres per day.

RIL ramps up gas output from KG-D6

Last Updated: Thursday, January 9, 2014, 12:18

Reversing the declining trend, Reliance Industries has ramped up gas production at KG-D6 fields by about 15 percent as it added the first production well on the eastern offshore fields in almost four years.

RIL starts gas production from new well in KG basin

Last Updated: Thursday, January 9, 2014, 11:41

Reliance Industries, which operates the Krishna-Godavari basin`s D6 block off the east coast, has started producing gas from the MA-8 well on January 1, its spokesman said on Thursday.

RIL may double natural gas output if prices increase: Report

Last Updated: Monday, January 6, 2014, 18:33

RIL currently produces about 11.7 mmscmd from the KG-D6 block.

RIL to increase KG-D6 gas output

Last Updated: Friday, January 3, 2014, 13:34

RIL and its partners BP plc of UK and Canada's Niko Resources have spud the seventh well on the MA oil and gas field in the KG-DWN-98/3 or KG-D6 block in Krishna Godavari basin.

RIL, BP to give $1.2 bn bank guarantee for higher gas price

Last Updated: Sunday, December 29, 2013, 11:14

The Cabinet Committee on Economic Affairs (CCEA) had on December 20 decided to allow RIL to almost double the price of natural gas from April, 2014 provided the firm gave a bank guarantee to cover its liability if gas-hoarding charges are proved.