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Govt move to force old gas price for KG-D6 gas illegal: RIL

Last Updated: Thursday, September 05, 2013, 14:30

In a strongly worded letter, RIL on September 3 wrote to Oil Minister M Veerappa Moily saying the signed Production Sharing Contract (PSC) does not bind a contractor to indicative production numbers.

'Find if gas dip in RIL's KG-D6 is due to commercial reason'

Last Updated: Tuesday, April 23, 2013, 22:29

The Standing Committee on Petroleum and Natural Gas, in its report tabled in Parliament, noted with concern that the output from KG-D6 has been declining since 2010-11.

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

Last Updated: Wednesday, January 30, 2013, 09:21

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47 oil & gas blocks, including Reliance Industries' producing KG-D6 gas fields, where defence approval has either been withdrawn or withheld.

Gas output from RIL's KG-D6 fields drops to 22 mmscmd

Last Updated: Monday, January 14, 2013, 18:07

The output is made up of 17.66 mmscmd from D1&D3 and 4.38 mmscmd from MA field.

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

Last Updated: Tuesday, November 27, 2012, 18:08

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

Last Updated: Wednesday, November 14, 2012, 18:39

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.

RIL hopes CAG won't do a performance audit of KG-D6 block

Last Updated: Saturday, November 03, 2012, 21:51

RIL was reacting to the CAG's statement that the audit of the RIL-operated Krishna-Godavari (KG) D6 oil and gas block has to be both a financial and performance audit.

RIL: Never contested CAG auditing KG-D6 spends

Last Updated: Saturday, November 03, 2012, 21:38

"RIL has at no time contested the government's right to conduct an audit by any agency, including the CAG, as provided in Section 1.9 of the Accounting Procedure of the PSC," the company said in a statement this evening.

CAG likely to start audit of RIL's KG-D6 by month end

Last Updated: Tuesday, October 23, 2012, 20:50

The Comptroller and Auditor General of India (CAG) has called a so-called kick-off meeting on October 31 to begin the second round of audit, sources privy to the development said.

DGH may look at new oil, gas sharing system for govt

Last Updated: Wednesday, October 17, 2012, 18:45

Under the existing Production Sharing Contracts (PSC), like the one RIL had signed for KG-D6 in 2000, companies are first allowed to recover all their cost before government gets its share of profit.

Panel invites comments on oil & gas exploration contract terms

Last Updated: Tuesday, July 03, 2012, 22:52

Amidst raging controversy over fall in output at Reliance Industries' KG-D6 gas fields, a high-level panel headed by C Rangarajan has invited comments on terms of contracts for exploration of oil and gas to be signed in future.

Mukesh Ambani meets Montek for nearly an hour

Last Updated: Monday, July 02, 2012, 15:21

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.