RIL KG-D6 block

Govt raises natural gas price to $5.61/unit

The government on Saturday approved raising natural gas price to USD 5.61 per mmBtu from November 1 but Reliance Industries will continue to get current USD 4.2 rate till it makes up for shortfall in output from KG-D6 block.

Oct 18, 2014, 19:57 PM IST

Investment decision only after clarity on gas price: RIL

Reliance Industries has said it will make a final investment decision on producing gas from the R-Cluster discovery in the flagging KG-D6 block only after the government decides on gas price hike.

Oct 14, 2014, 15:52 PM IST

Cabinet postpones decision on revision in gas prices till Nov 15

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday postponed decision on revision in gas prices till November 15 amidst sharp difference between the oil ministry and power ministry over the quantum of increase.

Sep 24, 2014, 12:53 PM IST

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

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.

May 31, 2014, 20:57 PM IST

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

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.

May 28, 2014, 23:12 PM IST

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

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.

May 11, 2014, 12:26 PM IST

Mukesh Ambani does not run Government: Chidambaram

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.

Feb 18, 2014, 17:03 PM IST

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

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.

Sep 19, 2013, 18:15 PM IST

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

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.

Sep 18, 2013, 22:17 PM IST

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

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.

May 19, 2013, 11:44 AM IST

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

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.

Apr 17, 2013, 13:35 PM IST

RIL proposes to drill exploration well in KG-D6 at own cost

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.

Aug 15, 2012, 11:55 AM IST

RIL, BP cut investment in MA oilfield to $1.96 billion

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.

Jul 26, 2012, 16:49 PM IST

Meeting of oversight panel on RIL's KG-D6 block postponed

A meeting of an oversight panel to vet Reliance Industries' USD 1.529 billion investment plan for development of satellite fields in the KG-D6 block was postponed on Tuesday after government representatives declared themselves unavailable for the meet.

Dec 27, 2011, 16:55 PM IST

Parl Panel calls for review of all contracts of RIL KG-D6 block

With gas production at Reliance Industries' KG-D6 block falling by more than one-third, a Parliamentary panel has called for review of all contracts and asked government to impose stringent provisions for failure to stick to committed work programme like drilling of wells.

Dec 22, 2011, 19:02 PM IST

Oil Min rep sitting on approvals for 8 Reliance gas finds: DGH

The Oil Ministry representative on the panel that oversees operations in Reliance Industries' KG-D6 block has not approved almost half the gas finds the company has made, even though over years have elapsed since they were struck, oil regulator DGH has said.

Sep 27, 2011, 16:03 PM IST