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RIL not following PSC be treated as default: Parl panel

A Parliamentary panel has asked government to treat Reliance Industries not drilling committed number of wells on the flagging KG-D6 gas fields as contractual 'default' and not just failure for taking remedial action.

CCI to consider approval to RIL's KG-D6, 46 other blocks

The newly formed Cabinet Committee on Investment is likely to consider on Wednesday clearing 47 oil & gas blocks, including Reliance Industries' producing KG-D6 gas fields, where defence approval has either been withdrawn or withheld.

Govt has disallowed RIL's $1 bn expense on KG-D6: Moily

The output has dropped after hitting a peak of about 62 mmscmd in August, 2010.

Gas output in eastern offshore KG-D6 fields falls further

Gas production from KG-D6 in the week ended November 4 dropped to 25.11 mmscmd from about 26 mmscmd last month, according to an output status report filed by the company with the Oil Ministry here.

Mukesh Ambani meets Montek for nearly an hour

Reliance Industries is facing penalty for falling gas output from its KG-D6 fields. It has also demanded tripling of its KG-D6 gas price from April 1, 2014 after the current below-market rate of USD 4.205 per mmBtu expires.

Lanco says power plant to shut down if gas supplies dwindle

Sounding a warning bell, private power producer Lanco has told the government that any further reduction in natural gas supplies from Reliance Industries' KG-D6 gas fields would lead to shutting down of power plants.

RIL gas output to hit all-time low of 20 mmscmd in FY15: Reddy

Reliance Industries' eastern offshore KG-D6 gas fields are likely to see output drop to all-time low of 20 million standard cubic meters per day in 2014-15, Oil Minister S Jaipal Reddy said on Tuesday.