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Oil Min to move Cabinet to allow RIL to retain gas finds

Last Updated: Tuesday, April 15, 2014, 15:43

The Oil Ministry is moving the Cabinet to allow Reliance Industries retain three gas discoveries worth USD 1.45 billion in the eastern offshore KG-D6 block even after expiry of timelines.

RIL extends gains, climbs almost 2%

Last Updated: Monday, March 10, 2014, 18:59

Reliance Industries shares extended gains and climbed almost 2 percent Monday on expectations of higher production at its gas fields in the KG-D6 block.

HC notices to RIL, AP govt, Centre & CBI on KG-basin issue

Last Updated: Monday, March 10, 2014, 18:44

Based on a petition filed by Palem Srikanth Reddy, president of the Jana Palana Party, a division bench comprising justices G Rohini and T Sunil Chowdary issued notices and posted the matter on April 2 for further hearing.

RIL stock surges 4% on bourses

Last Updated: Monday, March 10, 2014, 16:08

Shares of Reliance Industries today surged nearly 4 percent on the bourses on expectation of higher production at gas fields of KG-D6 block.

RIL-BP working to extend life of gas fields in KG-D6 block

Last Updated: Friday, March 07, 2014, 18:12

BP, Europe's second-largest oil company, is working with Reliance Industries to extend the life of producing gas fields in the Bay of Bengal KG-D6 block.

Oil Ministry wants CAG to quantify loss in RIL KG-D6 contracts

Last Updated: Sunday, March 02, 2014, 13:06

The Oil Ministry has asked CAG to quantify the loss to the government caused by Reliance Industries' awarding contracts worth USD 2.4 billion for developing oil and gas finds in the KG-D6 block on the basis of a single bid.

Mukesh Ambani does not run Government: Chidambaram

Last Updated: Tuesday, February 18, 2014, 17:03

The government has imposed about USD 1.8 billion penalty on RIL for natural gas output from its main fields in Krishna Godavari basin KG-D6 block falling short of the targets during the last three years.

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 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 ramps up gas output from KG-D6

Last Updated: Thursday, January 09, 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 09, 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 06, 2014, 18:33

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