Krishna Godavari Basin.
Reliance wants to get out of crude and hydrocarbon production from Krishna Godavari basin due to 70% decreased in hydrocarbon priced and 60% decreased in crude oil prices. Reliance and it`s partner are now planing to concentrate only on refineries which only gives 80% profit to reliance.
1.30 PM Nov 7th
in the natural gas sector as a result of a large natural gas find in 2002 in the Krishna Godavari basin. The Gas Authority of India Ltd. (GAIL) holds an effective control on natural gas transmission and allocation activities. In December 2006, the Minister of Petroleum and Natural Gas issued a new policy
11.44 PM Feb 7th 2013
Alleged corruption by Reliance Industries CAG report on Krishna Godavari Basin partly indicts Reliance Industries for the following irregularities: Eliminated competition in contracts. Awarded contracts at unreasonable rates. Directly notified oil and gas discoveries without informing government
12.11 PM Jan 27th 2013
of Dhiburbhai-1 and 3 (D1&D3) in Krishna Godavari basin KG-D6 block “due to water loading,” according to a status report of the Directorate General of Hydrocarbons (DGH). Previously, on November 29 it had shut B4, the seventh well on D1&D3 fields. The latest shutting led to the output slipping from D1& D3
2.20 PM Jan 23rd 2013
Source:Economic Times - NEW DELHI: Reliance Industries has shut its eighth well on the main gas fields in KG-D6 block, leading to output plummeting to all time low of 20.88 mmscmd. RIL, on January 9, shut the well B6 on the main producing fields of Dhiburbhai-1 and 3 (D1&D3) in Krishna Godavari
12.17 PM Jan 23rd 2013
Source:Business Standard - Muted gross refining margins (GRMs) and declining gas production from the Krishna-Godavari basin might hit the earnings of Reliance Industries ( RIL) in the third quarter. RIL will declare its results tomorrow. Analysts say the company s petrochemical segment and higher
12.39 PM Jan 18th 2013
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