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RIL to sell gas at current rate as govt defers price revision

Last Updated: Friday, March 28, 2014, 20:36

Reliance Industries will continue to sell natural gas from its eastern offshore KG-D6 fields at the current rate until the next government decides on a revision in prices.

Crude oil production up 1.6%, natural gas down 10% in Dec

Last Updated: Friday, January 24, 2014, 21:40

India's crude oil production rose 1.6 percent in December but natural gas output was down by 10 percent by the flagging eastern offshore KG-D6 fields of Reliance Industries.

Govt imposes $792 mn additional penalty on RIL

Last Updated: Wednesday, November 20, 2013, 18:17

A notice disallowing USD 792 million out of the cost already incurred on the Bay of Bengal fields was sent to RIL on November 14, an oil ministry official said here.

SC agrees to hear plea for stay on RIL's arbitration petition

Last Updated: Wednesday, November 13, 2013, 16:34

A bench headed by Chief Justice P Sathasivam before which the matter was mentioned, said that it will take up the case along with PILs filed on the issue of gas pricing in January next year after the winter vacation.

RIL pushes for foreign arbitrator on KG-D6 gas fields

Last Updated: Monday, November 11, 2013, 21:22

The other two arbitrators are former Chief Justices S.P. Bharucha and V.N. Khare. While Justice Bharucha was nominated by the RIL, Justice Khare was nominated by the government.

Moily approves taking away 5 gas discoveries from RIL

Last Updated: Monday, October 28, 2013, 20:01

The five discoveries - D4, D7, D8, D16 and D23 - hold 0.805 trillion cubic feet of reserves, or about one-fourth of the restated reserves in the currently producing Dhirubhai-1 and 3 (D1&D3) fields in KG-D6 block, and are worth USD 10 billion.

Double penalty on RIL to impact investment climate: Plan Panel

Last Updated: Sunday, October 27, 2013, 11:28

The Planning Commission has warned that imposing a second penalty on Reliance Industries for producing less-than-projected natural gas from its KG-D6 fields could impact investment climate in the same manner as retrospective tax amendments.

EGoM on gas to meet on July 25

Last Updated: Tuesday, July 23, 2013, 12:49

A high-powered ministerial panel will meet on Thursday to consider making available natural gas to fuel starved power plants from sources other than Reliance Industries' KG-D6 fields.

RIL scrip gains over 3%; m-cap swells by Rs 9,187 crore

Last Updated: Wednesday, February 20, 2013, 17:15

RIL scrip settled Wednesday with gains of more than 3 percent, pushing up the company's market value by Rs 9,187 crore after it said it will invest USD 5 billion along with BP in the flagging KG-D6 fields.

Reports of withdrawing EGoM note on RIL gas price hike 'baseless': Ministry

Last Updated: Thursday, November 22, 2012, 09:11

The note in question was prepared during the tenure of earlier oil minister S Jaipal Reddy for the Empowered Group of Ministers (EGoM).

EGoM to decide on revision of KG-D6 gas price

Last Updated: Wednesday, August 01, 2012, 22:27

The EGoM was reconstituted last month after its previous head Pranab Mukherjee resigned as Finance Minister to become the President.

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.