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BP, Niko to formally join RIL arbitration against Govt

Last Updated: Wednesday, March 19, 2014, 16:11

Faced with a situation where the near double gas rate of USD 8 per million British thermal unit from next month not accruing to them, BP and Niko are said to be planning to formally issue a Notice of Arbitration (NoA).

HC notices to RIL, AP govt, Centre & CBI on KG-basin issue

Last Updated: Monday, March 10, 2014, 18:44

Based on a petition filed by Palem Srikanth Reddy, president of the Jana Palana Party, a division bench comprising justices G Rohini and T Sunil Chowdary issued notices and posted the matter on April 2 for further hearing.

RIL shares end nearly 2% lower post earnings

Last Updated: Monday, January 20, 2014, 19:17

At the NSE, the stock went down by 1.89 percent to close at Rs 868.

CCEA okays higher gas price for RIL if bank guarantee is given

Last Updated: Thursday, December 19, 2013, 20:10

The rate in April 2014, when the new pricing is to be implemented, will be about USD 8.4 per million British thermal units as against the current USD 4.2.

Par Panel wants RIL to be treated as contractual defaulter

Last Updated: Tuesday, December 10, 2013, 23:01

The 'failure' to drill the committed 50 wells on the KG-D6 fields led to natural gas output dramatically falling over the past three years.

I have not done any favour to RIL: Moily tells SC

Last Updated: Friday, November 22, 2013, 19:36

Moily submitted that he was made party in the PILs only for political reasons and pleaded the court to delete his name.

Blow to RIL: MC refuses to take view on appointment of expert

Last Updated: Tuesday, October 01, 2013, 17:30

The DGH has blamed RIL's failure to drill committed wells for the gas output falling by 80 percent to 10 million standard cubic metres per day from D1&D3 fields, instead of rising to the planned 80 mmscmd.

Defence Min classifies RIL's KG-D6 block as "No-Go" area

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Ministry of Defence has either withdrawn or withheld clearances for 47 oil and gas blocks.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.