No gas from RIL's KG-D6 is being supplied to Bangladesh: Govt

The government today asserted that no gas from Reliance Industries' eastern offshore KG-D6 block was being supplied to Bangladesh.

KG-D6 case: Oil Min says it challenged McHugh decision to return

Former Australian judge Michael McHugh had to quit as chairman of an arbitral tribunal in the Reliance Industries' KG-D6 cost recovery dispute as Oil Ministry challenged his decision to return after he initially withdrew from the post.

RIL shares up over 3% on notice to govt

After surging 5 percent to Rs 1,048 - its 52-week high in intra-day trade, shares of the blue-chip firm ended the day at Rs 1,028.95, up 3.17 percent on the BSE.

RIL slaps arbitration notice over delayed gas price revision

RIL and its partners were to get a new rate from April 1 for gas from their Krishna Godavari basin KG-D6 fields.

RIL, fertiliser companies fail to agree on gas supply terms

After an almost five-hour marathon meeting between RIL and urea companies, the two sides failed to settle on the rate at which gas supplies should be securitised.

RIL changes contracts, price to rise 10% over new rate of $8.3

Currently, most of the domestically produced gas is priced on NCV basis.

RIL's KG-D6 natural gas output drops again

After two months of increase, natural gas production from Reliance Industries' eastern offshore KG-D6 block has again started to drop.

RIL discoveries approved without appraisal: CAG

In a damning indictment, the CAG has said Oil Ministry and its technical arm DGH approved notification of now flagging gas discoveries in Reliance Industries' KG-D6 block despite the company not doing enough appraisal.

Oil Ministry wants CAG to quantify loss in RIL KG-D6 contracts

The Oil Ministry has asked CAG to quantify the loss to the government caused by Reliance Industries' awarding contracts worth USD 2.4 billion for developing oil and gas finds in the KG-D6 block on the basis of a single bid.

RIL-BP to quadruple KG-D6 output to 50 mmscmd by 2020

Having reversed the falling output at KG-D6, Reliance Industries and its partner BP plc will quadruple production at the eastern offshore fields to around 50 million standard cubic meters per day by 2020.

Non-adherance to KG-D6 plan be construed as default: Par panel

A Parliamentary Standing Committee on petroleum and natural gas has observed that non- adherence by Reliance Industries to the approved field development plan of KG D-6 block be construed as "default".

Govt likely to allow doubling of KG-D6 gas price

In a breather to RIL, the government is likely to allow doubling of price of gas from its KG-D6 block provided the company gives bank guarantees that can be encashed if proved that the energy major was hoarding gas.

RIL gas output falls to all-time low; shuts 9th well in KG-D6

Reliance Industries has shut its ninth well on the main gas fields in the eastern offshore KG-D6 block, leading to output plummeting to all-time low of 15.5 million standard cubic metres per day.

CAG asks OilMin not to approve RIL investment plan for KG-D6

The CAG has asked Oil Ministry not to approve any of Reliance Industries' investment plans for the flagging KG-D6 gas field unless the company gives it unfettered access to audit its spendings.

Govt refutes charges over awarding KG-D6 block to RIL

Refuting allegations of sweetheart deal in award of KG-D6 block, the government has said Reliance Industries won the coveted area in an open international auction and the allocation was not made on nomination basis.

Govt asks RIL to sign gas supply pact with units of urea cos

The government has asked Reliance Industries Ltd (RIL) to sign agreements to increase supply of natural gas from KG-D6 fields to urea manufacturing units of Iffco and Indo Gulf Fertilizer Ltd.

Govt may have to send legal notice to RIL: Reddy

Oil Minister S Jaipal Reddy Tuesday said the government may have to send a notice to Reliance Industries to curtail cost-recovery at its KG-D6 gas fields as the company drilled fewer number of wells than planned.

Reliance may ask govt for investment refund

Reliance Industries may ask the government for a refund of its investment if it is forced to give up any part of the prolific KG-D6 block as it has spent a huge sum of money on exploration after obtaining necessary permission to retain the entire 7,645-sq km area.

Oil Min sanctions 'scrupulous' action against RIL

The Oil Ministry has sanctioned taking "scrupulous" action against Reliance Industries for natural gas output from its KG-D6 fields falling below the target.

Reliance KG-D6 gas output dips to one year low

Natural gas production from Reliance Industries' showpiece KG-D6 fields off the East Coast has declined to a one-year low of less than 42 million standard cubic metres per day.