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RIL names former UK judge as its arbitrator in gas dispute

RIL gave the name of Rix, who recently retired as Lord Justice of Appeal with 20 years experience in the Commercial Court and the Court of Appeal, earlier this week, sources privy to the development said.

New gas price policy inconsistent with PSC, says RIL's partner

The government this month implemented a new gas price of USD 5.61 per unit, a rate nearly 40 per cent lower than the price approved by the previous UPA regime but not implemented.

GSPC seeks $14.2 per mmBtu price for KG basin gas

After Reliance Industries Ltd, Gujarat government firm GSPC has sought imported LNG price of USD 14.2 per mmBtu for the natural gas it plans to produce from KG basin fields by year-end.

CCI likely to clear 31 stringent areas for oil, gas activity

The Defence Ministry had classified eight areas including KG-D6 and RIL's gas discovery area NEC-25 as "NO-GO" areas and placed stringent conditions in respect of 31 exploration blocks.

CCI clears operations in 5 oil and gas blocks

The Cabinet Committee on Investment (CCI) has cleared Reliance Industries' (RIL) KG-D6 and NEC-25 blocks for oil and gas exploration along with three other areas, the petroleum ministry said Thursday.

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

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47 oil & gas blocks, including Reliance Industries' producing KG-D6 gas fields, where defence approval has either been withdrawn or withheld.

Japan's Inpex buys 26% stake in ONGC's KG basin block

Japan's largest oil firm Inpex Corp has acquired 26 percent stake in Oil and Natural Gas Corp's (ONGC) Krishna Godavari basin deepsea block, the Indian firm said Monday.

RIL signs gas supply pacts with Pragati Power, NTPC

Reliance Industries Ltd (RIL) has agreed to sign agreements with Pragati Power Corp and NTPC for supply of natural gas from its eastern offshore KG-D6 fields.

RIL's gas production from KG-D6 fields below 34 mmscmd/day

Reliance Industries has reported natural gas production from its eastern offshore KG-D6 fields dropping to less than 34 million standard cubic meters a day.

RIL's KG-D6 gas output hits all time low as it shuts 6 wells

Reliance Industries' largest gas fields in its flagging KG-D6 block have hit an all-time low production of about 28 million standard cubic meters per day as the firm shut six wells due to water and sand ingress.

Reddy to visit RIL gas fields amid controversy on output dip

Amid the controversy over fall in natural gas production from Reliance Industries' KG-D6 fields, Oil Minister S Jaipal Reddy is likely to pay a visit to the Bay of Bengal fields on Sunday.

RIL says KG D6 costs were not overstated

Energy major Reliance Industries said on Friday there was no evidence to suggest that costs in development of the country's key natural gas field in the Krishna Godavari (KG) basin were overstated.

NTPC not signing gas purchase agreement: RIL to PowerMin

Reliance Industries has complained
to Power Ministry about NTPC`s reluctance to sign an agreement
to buy gas from it and said that the power PSU stands to lose
Rs 15,000 crore if it imports LNG.

No takers for RIL`s high-priced gas: RNRL

Anil Ambani group firm RNRL on Sunday said RIL`s communication to the government is a conclusive evidence that there were no takers for the gas at high prices offered by it.

NTPC to buy gas from GAIL at USD 8 per mmBtu

State-run power utility NTPC Ltd
has signed an agreement to buy gas from GAIL India for 10
years at a delivered price of close to USD 8 per million
British thermal unit.

Govt shouldn`t have waited for so long on Ambani row: Naik

Criticizing govt for `keeping quiet` for long on the Ambani MoU, former Oil Minister Ram Naik said the ministry should have made a stronger case in the Bombay HC to protect its policy.

Make details on RIL gas issue public: Former Secy to Govt

A former bureaucrat has asked the government to allow a public debate on RIL gas deal with the catastrophe-like situation emerging due to the tussle between the Ambani brothers.

NTPC not to relent on gas price; to seek Power Ministry`s help

NTPC on Saturday said it will continue to fight legally for the fuel`s contracted price from RIL and seek Power Ministry`s help.

CAG unable to access RIL books for auditing gas PSC

India`s supreme audit institution CAG Saturday said it is in the process of auditing government`s gas contract with Mukesh Ambani-led RIL, but has not been able to access the books of the contractor for about two years.

India relaunches largest auction of oil, gas areas

India today relaunched its largest
ever auction of oil and gas exploration areas, aiming to
attract USD 3-4 billion investment towards boosting energy