Kg D6

The field will produce from eight wells and reach a peak gas production of around 12 MMSCMD gas and 25,000 barrels of condensate per day.

RIL's partner Niko puts KG-D6 stake for sale

Reliance Industries' partner Niko Resources of Canada has put on sale its 10 per cent stake in the flagging KG-D6 gas block off the east coast.

Justice Shah: Why ONGC is not entitled to RIL compensation

The exploration of KG-D6 block by Reliance Industries (RIL) had led to migration of gas from the adjacent KGDWN-98/2 block operated by ONGC, which led to a loss to the exchequer, a report by the Justice AP Shah panel submitted to the government concluded yesterday.

RIL, BP spend Rs 4,500 cr to maintain gas output at KG-D6

Reliance Industries and its partner BP plc of UK have invested over Rs 4,500 crore in the flagging eastern offshore KG-D6 block to maintain gas output at current level despite the steep natural decline that has set in in the seven-year old fields.

ONGC may not get much compensation in gas dispute with RIL

State-owned ONGC may not get much compensation even if it is established that natural gas from its idlying fields in Bay of Bengal had migrated to adjoining KG-D6 block of Reliance Industries as the contract does not provide for retrospective penalty for such acts.

Will new Dabhol revival plan work? Experts discuss

IDBI Bank deputy MD BK Batra says RLNG facilities will be demerged into a separate SPV. "They needed additional investment for the capacity to be fully used to 80 cargos. It cannot be done unless break water facilities are there," he says

Panel probing delay in ONGC KG basin gas find: Pradhan

While RIL began oil production from its KG-D6 block in September 2008 and gas output in April 2009, ONGC, which has made 11 oil and gas discoveries in KG-D5 block, still is at least four years away from first gas.

Gas price hike fruitful if discoms buy costlier power: NTPC

NTPC is focusing on installing Rooftop Solar PV systems at available roof areas in power stations to meet the energy requirements of its various offices.

Expect Reliance to report flattish Q-o-Q growth: Religare

Nitin Tiwari, VP- Institutional Research, Religare Capital Markets expects Reliance petrochemical margins to be better on a sequential basis. However, RIL may post weak earnings on the back of frail US refining margins, he adds.

Refining, petrochemicals key drivers for Reliance: IIFL

Among other oil and gas companies, Prayesh Jain is bullish on BPCL and calls it the best oil marketing company in terms of financial management as well as operational performance.

Reliance Industries up on KG-D6 discovery hopes

BP did not provide any indication of the size, but CLSA sees potential for "the largest" discovery in KG-D6, noting that another partner in the block, Niko Resources Ltd , had last year also cited a significant gas recovery.

Oil Ministry seeks legal opinion on RIL bank guarantee

The ministry had previously felt that since charges of gas hoarding had been levelled against RIL, the company alone should submit bank sureties equivalent to the incremental price that the consortium would get the output from KG-D6.

CCEA approval for oil block auction likely by Feb 15: Moily

Moily said there were problems earlier in getting bidders for some blocks because requisite clearances were not in place. He, however, is hopeful that CCEA approval will come by February 15 and roadshows will start thereafter.

RIL-BP to quadruple KG-D6 output to 50 mmscmd by 2020

Having reversed the falling output at KG-D6, Reliance Industries and its partner BP plc will quadruple production at the eastern offshore fields to around 50 million standard cubic meters per day by 2020.

RIL to increase KG-D6 gas output

RIL and its partners BP plc of UK and Canada's Niko Resources have spud the seventh well on the MA oil and gas field in the KG-DWN-98/3 or KG-D6 block in Krishna Godavari basin.

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

Reliance Industries and its partners BP Plc of UK and Canada's Niko Resources may have to provide a maximum of USD 1.2 billion in bank guarantees over three years to get nearly double the rate for natural gas being produced from the main fields in KG-D6 block.

RIL protests against move to snatch away 5 gas discoveries

RIL President & COO B Ganguly on November 11 wrote to the Oil Ministry, expressing surprise at the order when the field development plan (FDP) and the application for issuance of the petroleum mining lease for the five discoveries was under consideration of the government.

RIL gas pricing: Law Min offers 3 options to resolve row

The law ministry has opined RIL can sell gas at the new price of over 8 dollars/mmbtu but with riders. It says RIL will have to keep aside the difference between the current gas price of USD 4.2 and the new price by way of bank guarantee which can be en-cashed depending on the outcome of the ongoing arbitration.

Oil Min issues notice to RIL;disallows $1.8bn cost recovery

RIL's counsel Harish Salve and a team of the company is in London discussing the future strategy and this is likely to go into arbitration.

Non-adherance to KG-D6 plan be taken as default: Panel

A Parliamentary Standing Committee on petroleum and natural gas has observed that non- adherence by Reliance Industries to the approved field development plan of KG D-6 block be construed as "default".

Moily okays taking away 5 gas discoveries from RIL: Report

RIL, as per the contractual requirement of retaining only the area where discoveries have been made, had offered to give up or relinquish 5,367 square kilometres out of the total 7,645 sq km area in the eastern offshore KG-D6 block.

RIL-BP to invest $ 8-10 bn to produce more gas

The meetings come at a time when the Oil Ministry at the insistence of the Finance Ministry is seeking to deny RIL-BP a gas price revision for producing less than projected gas from their eastern offshore KG-D6 fields.

BP Chief Dudley, Mukesh Ambani meet Veerappa Moily

Moily said issues surrounding KG-D6 were discussed, while Dudley emphasised that his company was committed to staying invested in the country despite regulatory uncertainties.

DGH shifting goalposts to strip off our discoveries: RIL

RIL as per contractual requirement of retaining only the area where discoveries have been made, had offered to give up or relinquish 5,367 square kilometers out of the total 7,645 sq km area in the block.

RIL cries it's being penalised twice over

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.