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RIL cuts capital investment in KG-D6 oil fields by over $3 bn

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.

OilMin rejects change in RIL's KG-D6 gas price before Apr 2014

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.

RIL contests CAG's powers to audit KG-D6 field

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.

Moody's retains positive outlook for RIL

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.

Oil Min disallows $1.4 bn cost recovery by RIL from KG-D6 fields

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.

Par panel asks Oil Min to monitor RIL's KG-D6 fields

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.

Oil Min to seek Law Min's opinion on RIL demand

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.