KG-D6 gas block

CAG red-flags $1.6 bn excess cost recovery by RIL

CAG red-flags $1.6 bn excess cost recovery by RIL

Government auditor CAG has red- flagged USD 1.6 billion of excess cost recovered by Reliance Industries in the KG-D6 gas block and took note of state-owned ONGC's gas flowing into the eastern offshore fields of the Mukesh Ambani-led firm.

Aug 02, 2016, 20:11 PM IST

Oil Ministry rejects RIL arbitration notice, terms it 'untenable'

The ministry held that the move is in accordance with the provisions of the contract and there's no dispute that needs to be arbitrated upon.

Apr 26, 2015, 14:05 PM IST

Govt asks RIL to surrender 81% of KG-D6 gas block

The government Wednesday asked Reliance Industries to give up 81 percent of its KG-D6 gas block, including five discoveries, as the time allocated for producing from them had expired.

Oct 30, 2013, 18:05 PM IST

Moily to decide on RIL relinquishment proposal

The proposal based on recommendation of the Directorate General of Hydrocarbons (DGH) was put to Moily by his ministry a few days back, top officials said.

Sep 08, 2013, 13:32 PM IST

Govt not honouring contracts on KG-D6 gas block, says RIL

Amidst move to force Reliance Industries to sell gas from its main fields in KG-D6 block at old rates of USD 4.2, the Mukesh Ambani-run firm on Tuesday hit out saying the government was not honouring signed contracts and extraneous factors were being brought into business.

Sep 03, 2013, 14:04 PM IST

RIL sniffs gas in 1st exploration well in 5 yrs

The MJ-1 exploration well on the Dhirubhai-1 and 3 gas fields in the KG-DWN-98/3 or KG-D6 block has sniffed natural gas while drilling, sources privy to the development said.

Apr 09, 2013, 19:49 PM IST

CAG says it wants to check propriety of RIL spending on KG-D6

Having suspended audit of Reliance Industries' spending on KG-D6 gas block, the CAG has said that it is not planning to a do a performance audit of the company but wants to examine "propriety" of expenses made.

Mar 19, 2013, 13:32 PM IST

RIL to give up 4,266 sq km of KG-D6 block

The offer was made just as the ministry was readying an order asking the firm to vacate some 5,970 sq km of area of KG-D6 block.

Mar 15, 2013, 17:08 PM IST

Oil Min for CAG doing financial audit of RIL's KG-D6

With CAG suspending KG-D6 audit following differences with RIL over the audit scope and extent, the Oil Ministry is believed to have this week written to the official auditor explaining the scope, extent and manner of audit it wants.

Mar 07, 2013, 16:31 PM IST

Ministry of Defence clears RIL gas blocks

Defence Ministry has agreed to relax the "No-Go" zones imposed on its producing KG-D6 gas block and discovery block of NEC-25 in Bay of Bengal and permitted oil and gas activities with certain conditions.

Mar 04, 2013, 16:46 PM IST

No need for CAG audit of CBM blocks: Rangarajan panel

Amidst a row over CAG audit of Reliance Industries' KG-D6 gas block, the Rangarajan Committee has said official auditor CAG need not audit RIL's CBM blocks as they are governed by different contractual regime.

Dec 26, 2012, 18:02 PM IST

Reliance Industries shuts seventh well on KG-D6 gas block

Reliance Industries has shut its seventh well on KG-D6 gas block due to high water and sand ingress as it awaits regulatory nod to carry out urgent workover to plug the problem responsible for drastic fall in output.

Dec 13, 2012, 16:13 PM IST

RIL denies allegation of hoarding gas

Reliance Industries has denied allegation that it is hoarding gas by keeping KG-D6 output low saying it was technically impossible to store gas in the KG basin fields, and sought appointment of independent international experts to verify its claims.

Nov 26, 2012, 10:02 AM IST

RIL agrees to CAG scrutiny of expenses in KG-D6 gas block

Softening its stand on CAG audit, Reliance Industries has agreed to a scrutiny of its expenses in the flagging KG-D6 gas block by the official auditor even after expiry of the contractual period.

Nov 25, 2012, 12:37 PM IST

RIL's KG-D6 has 80% less reserves than estimated: Niko

Reliance Industries' flagging KG-D6 gas block holds 80 percent less reserves than previously estimated, the firm's junior partner Niko Resources of Canada said on Thursday.

Jun 21, 2012, 13:17 PM IST

Reliance drills two dry wells in KG-D6

Reliance Industries has drilled two new wells in its KG-D6 gas block, but both have turned out to be almost dry, with very little hydrocarbon presence, vindicating the company's stand that indiscriminate drilling will not help solve the problem of falling gas output.

Sep 23, 2011, 15:43 PM IST