RIL to defer gas field development if price outlook uncertain
RIL to defer gas field development if price outlook uncertain

Reliance Industries may defer development of R-Series and other satellite gas fields in the eastern offshore KG-D6 block if the gas price outlook was uncertain, its junior partner Niko Resources of Canada said.

Niko seeks 3-month extension to sell stake in KG-D6 block

Reliance Industries` consortium partner Niko Resources of Canada has extended by over three months its search for a buyer of its stake in RIL`s eastern offshore KG-D6 gas block to pay off debt.

RIL-BP to triple gas output from KG-D6 by 2021-22

Reliance Industries and its partner BP plc will nearly triple natural gas production from their eastern offshore KG-D6 block by 2021-22 in anticipation of a 'right' gas price covering their exploration risk.

RIL's MJ-1 discovery may hold 1.4 Tcf of gas resources

Reliance Industries' most significant recent gas discovery MJ-1 in KG-D6 block may hold 1.4 trillion cubic feet of gas resources, roughly half of the reserves in the block's main gas fields.

Niko to sell stake in RIL block on lower gas price hike
Niko to sell stake in RIL block on lower gas price hike

Niko holds 10 percent stake in the KG-D6 block where a total of 20 oil and gas discoveries had been made and three out of them are in production.

BP Plc writes off $830 million investment in KG-D6 block

BP Plc has written down the value of its investment in eastern offshore KG-D6 block by USD 830 rpt USD 830 million, following lower-than-expected gas price hike.

RIL, BP to invest about Rs 6000 cr to improve gas recovery
RIL, BP to invest about Rs 6000 cr to improve gas recovery

Reliance Industries and its partner BP plc of UK will invest about Rs 6,000 crore by 2016 to help sustain and improve recovery from the two main gas fields in the eastern offshore KG-D6 block.

RIL, partners to get $40 mn this fiscal from gas price hike

Reliance Industries and its partners will get about USD 40 million in additional revenue this fiscal for gas they produce from eastern offshore KG-D6 block after the government raised prices by 33 percent.

Gas price to dent RIL, but EPS, ROCE may still double: Barclays

liance Industries will get 33 percent higher gas price of USD 5.61 per mmBtu for output from MA field in the KG-D6 block, but its main D1&D3 fields will continue to get old rate of USD 4.2.

RIL gas field investments depend on acceptable pricing: Niko

Reliance Industries' USD 10 billion investment in new fields off the east coast depends on the government approving acceptable gas price, its junior partner Niko Resources said.

OilMin rebukes ONGC for making "frivolous allegations"

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'

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

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

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 seeks joint tech studies to resolve gas dispute with ONGC

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

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%

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

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

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

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

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.