ONGC may save up to $800 mn if it uses RIL's KG set-up: Report

In July last year, ONGC had inked a Memorandum of Understanding with RIL to explore the possibility of sharing the latter's infrastructural facility in the East Coast.

ONGC, RIL to appoint joint expert to resolve gas dispute

ONGC says at least three wells drilled by RIL on the boundary of KG-D6 block in Bay of Bengal are within "few hundred meters" of its gas fields. It fears the fields are connected and RIL may be drawing out its gas.

DGH backs ONGC demand for appointing expert in KG basin issue

Oil and Natural Gas Corp (ONGC) says at least three wells drilled by RIL in the eastern offshore KG-D6 block are within "few hundred meters" of its gas fields and it fears the two may be sharing the same pool of reservoir.

ONGC wants expert to assess if RIL taking its gas in KG basin

ONGC says four wells drilled by RIL in the eastern offshore KG-D6 blocks are within "few hundred metres" of its gas field and it fears the two may be sharing the same pool of reservoir.

Oil Ministry seeks legal opinion on RIL bank guarantee

The Oil Ministry has sought legal opinion on whether bank guarantees to cover the increase in gas prices from April need to be furnished by Reliance Industries alone or by partners BP and Niko Resources as well.

RIL repairing three shut wells at KG-D6 to raise gas output

"We can't drill any more wells on (main) Dhirubhai 1 and 3 (D1&D3) fields," RIL Executive Director P M S Prasad told reporters here.

RIL ramps up gas output from KG-D6

Reversing the declining trend, Reliance Industries has ramped up gas production at KG-D6 fields by about 15 percent as it added the first production well on the eastern offshore fields in almost four years.

RIL may double natural gas output if prices increase: Report

RIL currently produces about 11.7 mmscmd from the KG-D6 block.

RIL, BP to give $1.2 bn bank guarantee for higher gas price

The Cabinet Committee on Economic Affairs (CCEA) had on December 20 decided to allow RIL to almost double the price of natural gas from April, 2014 provided the firm gave a bank guarantee to cover its liability if gas-hoarding charges are proved.

Law Min, Planning Commission support Oil Min plan on RIL

"Both the Planning Commission and the Law Ministry are agreeable to the proposal set out in a draft cabinet note sent to them for comments," an Oil Ministry official said here.

RIL's KG-D6 output slips to 12 mmscmd

Reliance Industries Thursday said natural gas production from its eastern offshore KG-D6 block has slipped further to about 12 million standard cubic meters per day.

RIL cries it's being penalised twice over for one crime

Reliance Industries has said it is being punished twice over -- first by levy of a USD 1.78 billion penalty and then by being denied a gas price revision, for a single crime of not producing in line with projections that were not even contractual commitments.

RIL counters Scindia claim on power plant idlying due to KG-D6

RIL Executive Director P M S Prasad on August 24 wrote to Scindia saying none of the 31 power plants that he had stated as being dependent on gas supplies from RIL, were "installed or financed on the basis of supply of KG-D6 gas".

RIL to invest $3.18 bn in R-Series gas field

Reliance Industries plans to invest USD 3.18 billion in R-Series gas field in the flagging KG-D6 block as it looks to reverse the decline in output by quickly bringing in new fields on production.

Reliance to invest $6.5 bn to regain lost glory of KG-D6

The company will invest USD 747 million in augmenting production from D1&D3 and MA fields.

Reliance Industries agrees to CAG audit: Oil Secretary

"The audit issue has been resolved and that's a big step forward, that we will now get CAG to do the audit for the last 3-4 years and if there are issues, the company can react and remedial action can be taken," he told reporters at the sidelines of a CII Annual General Meeting (AGM) here.

Defence Ministry clears oil blocks of RIL, others

RIL's KG-D6 was fully cleared for oil and gas activity with the total area of 7,645 square kilometre reduced by 495 sq km to meet defence needs, sources said.

RIL gas output falls to all time low; shuts 8th well in KG-D6

Previously, on November 29 it had shut B4, the seventh well on D1&D3 field.

CCI to consider approval to RIL's KG-D6, 46 other blocks

The Oil Ministry has moved a note for CCI consideration seeking approval for 47 oil and gas exploration and production areas where the Defence Ministry has withdrawn clearances or put stringent conditions.

'CAG has agreed to confine to financial audit of KG-D6 block'

The CAG has agreed to restrict its audit of Reliance Industries' KG-D6 block to financial scrutiny of the spendings on the flagging gas fields and a performance audit, if any, would be done of the Oil Ministry, a senior government official said on Tuesday.