Last Updated: Tuesday, February 18, 2014, 17:03
The government has imposed about USD 1.8 billion penalty on RIL for natural gas output from its main fields in Krishna Godavari basin KG-D6 block falling short of the targets during the last three years.
Last Updated: Sunday, November 17, 2013, 15:55
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".
Last Updated: Sunday, November 17, 2013, 12:59
Reliance Industries will repair a third of the wells shut at its main gas field in the eastern offshore KG-D6 block to boost output in the first quarter of 2014.
Last Updated: Wednesday, October 30, 2013, 00:03
Natural gas output from the Krishna Godavari basin`s D6 block, in which BP has a 30 percent equity stake, has declined to 14 million cubic metres per day (mmscmd) from 60 mmscmd at the end of 2010.
Last Updated: Friday, October 18, 2013, 17:32
CPI`s Gurudas Dasgupta urged PM Manmohan Singh to initiate proceedings to terminate the profit-sharing contract (PSC) with RIL on the KG-D6 block, accusing the private firm of "wilful default".
Last Updated: Thursday, September 19, 2013, 18:15
Reliance Industries and its partner BP plc of the UK may have finally been able to arrest the steep decline in output from their main gas field in the eastern offshore KG-D6 fields as they work to revive closed wells.
Last Updated: Wednesday, September 18, 2013, 22:17
RIL had not met various timelines in case of eight gas discoveries with an estimated 1.15 trillion cubic feet of gas reserves in the eastern offshore KG-D6 block.
Last Updated: Sunday, May 19, 2013, 11:44
Under pressure from DGH, Reliance Industries has agreed to do separate tests to confirm three natural gas finds in the KG-D6 block but the regulator is not impressed and wants the discoveries to be taken away from the company.
Last Updated: Wednesday, April 17, 2013, 13:35
Reliance Industries has said it will give up about 56 percent of "low prospectivity area" in its eastern offshore KG-D6 block to retain only the portion where oil and gas discoveries have been made.
Last Updated: Sunday, January 27, 2013, 15:36
Ministry of Defence has either withdrawn or withheld clearances for 47 oil and gas blocks. Of these, 14 have been classified as "No-Go" areas, sources privy to the development said.
Last Updated: Wednesday, August 15, 2012, 11:55
Desperate to reverse the falling output at its KG-D6 block, Reliance Industries has proposed to drill the first exploration well in almost five years in the flagging gas fields at its own cost.
Last Updated: Thursday, July 26, 2012, 16:49
Reliance Industries and its British partner BP plc have revised downwards the investment required for developing the MA oilfield in the predominantly gas-rich KG-D6 block by USD 276 million to USD 1.96 billion.
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