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RIL says CAG comment on gas price is part of draft report

Last Updated: Saturday, May 31, 2014, 20:57

Reliance Industries on Saturday said the CAG comment that the company charged a rate in excess of the government approved price for its KG-D6 gas is part of a draft report which has not yet been finalised.

CAG slams OilMin, DGH for poor monitoring of RIL KG-D6 block

Last Updated: Wednesday, May 28, 2014, 23:12

The Comptroller and Auditor General of India (CAG) has slammed Oil Ministry and its technical arm DGH for not exercising enough control and vigil over Reliance Industries' KG-D6 block which led to losses of several hundred millions of dollars to the exchequer.

RIL says gas price revision delay may stall $4 bn investment

Last Updated: Sunday, May 11, 2014, 12:26

With the Oil Ministry indicating that a new gas price may be delayed by a quarter, Reliance Industries has said the postponement may stall USD 4 billion of investment in KG-D6 block's second-biggest gas field.

Mukesh Ambani does not run Government: Chidambaram

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.

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

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".

RIL to repair wells to increase KG-D6 gas output

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.

India to ask Reliance to give up 80% of D6 gas block

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.

CPI seeks termination of contract with RIL on KG-D6 block

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".

RIL may arrest decline in gas output from KG-D6 field

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.

'Govt won't compromise on legal commitments in RIL block'

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.

DGH rejects RIL offer to confirm gas discoveries in KG-D6

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.

RIL says will give up 56% of KG-D6 block

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.