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    • Reliance Industries, BP to submit revised investment plan for KG-D6 gas finds

      Senior executives in the joint venture said four deepsea satellite gas discoveries -- D—2, 6, 19 and 22 are planned to be developed together with D29 and D30 finds in the Krishna Godavari basin of KG-D6 block.

    • RIL not to withdraw arbitration against govt: Ambani

      The government has disallowed USD 2.756 billion of the cost RIL and its partners had sunk in the flagging Dhirubhai-1 and 3 gas fields in the eastern offshore KG-DWN-98/3 or KG-D6 block, for missing gas production target for five fiscal years beginning April 1, 2010.

    • CCEA to consider gas price hike tomorrow

      The Cabinet Committe on Economic Affairs will decide on the prices of natural gas; the first time in three years, in its meeting scheduled for tomorrow.

    • India to see big flows from Japan, avoid PSU banks: Kotak

      Sandeep Bhatia said the current flow of liquidity from the US will tend to slow down in the next two years although it will be in abundance in Europe and Japan; and India can enjoy some of the benevolence coming from Japan.

    • EGoM to mull diverting KG-D6 gas from fert to power cos

      The diversion of KG-D6 gas to the power sector could lead to addtional power production of around 17,000 million kilowatt's per annum.

    • Not seeking revision in gas price before April 2014: RIL

      Not seeking revision in gas price before April 2014: RILReliance Industries today said it is not seeking an increase in current price for KG-D6 gas and has only sought clarity from the government on rates that will apply upon expiry of current price in April, 2014.

    • Oil Min puts on hold order for diverting RIL gas to Dabhol

      Facing flak for slashing natural gas supplies to fuel-starved power plants across the country so that requirement of one station in Maharashtra can be met, the Oil Ministry has kept in abeyance its order diverting Reliance Industries' KG-D6 gas to Dabhol plant.

    • Govt examining RIL-BP position, will take right approach

      The government today said discussions are on with Reliance Industries and its partner BP Plc which have warned of further drop in KG-D6 gas output in the absence of investments approvals by the Oil Ministry, and maintained that it would take 'right approach' and 'suitable decision' on the issue.

    • Mukesh Ambani meets Montek for nearly an hour

      Amid his company grappling with a string of regulatory issues, RIL Chairman Mukesh Ambani today met Planning Commission Deputy Chairman Montek Singh Ahluwalia for nearly an hour.

    • KG-D6 output hinges on RIL's new mkt-linked price formula

      Reliance Industries (RIL) has demanded a market price of KG-D6 gas instead of USD 4.205 per million British thermal unit rate fixed for five years ending March 31, 2014.

    • Gas output from RIL's KG-D6 block falls to fresh low

      Reliance Industries' eastern offshore KG-D6 gas field production has fallen to a fresh low of 38.66 million cubic metres per day, as the company has shutdown five wells due to water ingress. down five wells due to water ingress.

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