Last Updated: Sunday, October 14, 2012, 13:08
Sources said the company has scaled down capex in D1&D3 fields to USD 5.928 billion from USD 8.836 billion two-phase spending it had proposed in 2006.
Last Updated: Thursday, October 11, 2012, 21:56
The Oil Ministry has rejected any change in price of Reliance Industries' eastern offshore KG-D6 gas before April 2014 arguing that a higher price of fuel would result in USD 6.3 billion rise in subsidy burden.
Last Updated: Tuesday, October 02, 2012, 17:46
The CAG in the first round conducted a 'performance' audit which is contrary to the provisions of the Production Sharing Contract (PSC), it wrote on September 18.
Last Updated: Monday, June 25, 2012, 18:46
The rating agency was hopeful that RIL would sort out technical problems being faced at its flagship eastern offshore KG-D6 fields where output has almost halved in past two years.
Last Updated: Thursday, May 03, 2012, 20:24
Oil Ministry has served a notice on Reliance Industries disallowing 1.45 billion of cost recovery from eastern offshore KG-D6 fields for failing to meet drilling commitment.
Last Updated: Monday, April 30, 2012, 19:10
A Parliamentary panel has asked oil ministry and DGH to closely monitor Reliance Industries' flagging KG-D6 gas fields saying any production decline should be supported by proper evaluation.
Last Updated: Sunday, March 04, 2012, 10:54
The Oil Ministry is likely to refer Reliance Industries' demand for an increase in price of natural gas it produces from eastern offshore KG-D6 fields to the Law Ministry.
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