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OilMin rebukes ONGC for making "frivolous allegations"

Last Updated: Monday, August 18, 2014, 19:41

ONGC had on May 15 filed a petition in the Delhi High Court alleging that RIL may have drawn natural gas worth thousands of crores of rupees from its fields that sit next to Mukesh Ambani-run firm's KG-D6 block Krishna Godavari basin.

'RIL to defer investment in developing new fields'

Last Updated: Monday, June 30, 2014, 19:02

The consortium is also investing USD 1.529 billion in developing four other satellite fields that can produce 10 mmscmd.

RIL says CAG comment on gas price is part of draft report

Last Updated: Saturday, May 31, 2014, 20:57

Reliance Industries on Saturday said the CAG comment that the company charged a rate in excess of the government approved price for its KG-D6 gas is part of a draft report which has not yet been finalised.

CAG slams OilMin, DGH for poor monitoring of RIL KG-D6 block

Last Updated: Wednesday, May 28, 2014, 23:12

The Comptroller and Auditor General of India (CAG) has slammed Oil Ministry and its technical arm DGH for not exercising enough control and vigil over Reliance Industries' KG-D6 block which led to losses of several hundred millions of dollars to the exchequer.

New gas rates to be applicable from Apr 1: RIL to buyers

Last Updated: Wednesday, May 14, 2014, 15:03

Forced to sell gas at rates that have long expired, Reliance Industries has categorically told buyers of its KG-D6 gas that new rates as and when approved, will apply from April 1.

RIL says gas price revision delay may stall $4 bn investment

Last Updated: Sunday, May 11, 2014, 12:26

With the Oil Ministry indicating that a new gas price may be delayed by a quarter, Reliance Industries has said the postponement may stall USD 4 billion of investment in KG-D6 block's second-biggest gas field.

RIL seeks joint tech studies to resolve gas dispute with ONGC

Last Updated: Tuesday, May 06, 2014, 13:25

In a move seen as "delaying tactics", Reliance Industries has proposed joint studies before an international expert is roped in to decide if its wells on KG-D6 block were drawing gas from neighbouring fields of ONGC.

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.