RIL protests against move to snatch away five gas discoveries

Last Updated: Sunday, December 15, 2013, 12:22

The Oil Ministry had on October 28 ordered RIL to surrender 6,198.88 square kilometres of a 7,645 sq km area in its eastern offshore KG-D6 block, 15 percent more than the 5,367 sq km the company had voluntarily offered to relinquish.

Par Panel wants RIL to be treated as contractual defaulter

Last Updated: Tuesday, December 10, 2013, 23:01

The 'failure' to drill the committed 50 wells on the KG-D6 fields led to natural gas output dramatically falling over the past three years.

Law Min, Planning Commission support Oil Min plan on RIL

Last Updated: Sunday, December 8, 2013, 11:57

"Both the Planning Commission and the Law Ministry are agreeable to the proposal set out in a draft cabinet note sent to them for comments," an Oil Ministry official said here.

RIL's KG-D6 output slips to 12 mmscmd

Last Updated: Thursday, December 5, 2013, 15:48

Reliance Industries Thursday said natural gas production from its eastern offshore KG-D6 block has slipped further to about 12 million standard cubic meters per day.

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 imposes $792 mn additional penalty on RIL

Last Updated: Wednesday, November 20, 2013, 18:17

A notice disallowing USD 792 million out of the cost already incurred on the Bay of Bengal fields was sent to RIL on November 14, an oil ministry official said here.

Non-adherance to KG-D6 plan be construed as default: Par panel

Last Updated: Sunday, November 17, 2013, 15:55

A Parliamentary Standing Committee on petroleum and natural gas has observed that non- adherence by Reliance Industries to the approved field development plan of KG D-6 block be construed as "default".

RIL to repair wells to increase KG-D6 gas output

Last Updated: Sunday, November 17, 2013, 12:59

Reliance Industries will repair a third of the wells shut at its main gas field in the eastern offshore KG-D6 block to boost output in the first quarter of 2014.

SC agrees to hear plea for stay on RIL's arbitration petition

Last Updated: Wednesday, November 13, 2013, 16:34

A bench headed by Chief Justice P Sathasivam before which the matter was mentioned, said that it will take up the case along with PILs filed on the issue of gas pricing in January next year after the winter vacation.

RIL pushes for foreign arbitrator on KG-D6 gas fields

Last Updated: Monday, November 11, 2013, 21:22

The other two arbitrators are former Chief Justices S.P. Bharucha and V.N. Khare. While Justice Bharucha was nominated by the RIL, Justice Khare was nominated by the government.

Govt likely to allow doubling of KG-D6 gas price

Last Updated: Monday, November 11, 2013, 16:09

In a breather to RIL, the government is likely to allow doubling of price of gas from its KG-D6 block provided the company gives bank guarantees that can be encashed if proved that the energy major was hoarding gas.

Reliance Industries refuses to sign Oil Ministry resolution

Last Updated: Monday, November 4, 2013, 18:04

Reliance Industries has refused to sign an Oil Ministry-sponsored resolution rejecting a revised investment plan for the main gas fields in the KG-D6 block, saying it does not reflect deliberations on the issue.