Kgd6

Reliance, ONGC jump 2-3% on gas pricing formula

As per the new norms, RIL will get the benefit of the new price for gas from its existing fields like MA in the KGDWN-98/3 or KGD6 block and new/upcoming ones like R-Series and satellite in the KG Basin block and the ones in North East Coast block NEC-25.

The oil saga: Why Veerappa Moily's troubles have just begun

Oil minister Veerappa Moily's plans of increasing crude purchases from Iran have been dashed by the reluctance of the latter to accept rupees for their Farsi crude.

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

Reliance Industries and its partner BP plc's KG-D6 gas fields and gas discovery area NEC-25 are among 14 oil and gas blocks that have been declared "No-Go" areas by the Defence Ministry, barring any exploration or production activity.

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

The newly formed Cabinet Committee on Investment will soon consider clearing 47 oil & gas blocks, including Reliance Industries' producing KG-D6 gas fields, where defence clearance has either been withdrawn or withheld.

India to become a net importer of natural gas in two years

With domestic output stagnating, India will become a net importer of natural gas in next two years with expensive LNG meeting rising energy demand of the growing economy.

RIL denies allegations by IAC

Reliance Industries today rejected charges of receiving favours from government for its KG-D6 gas project, saying allegations by India Against Corruption (IAC) were at the "behest of vested interests".

Moily promises quicker decisions from oil min

Political experts believe that Jaipal Reddy lost the coveted portfolio of the oil Ministry for being though on Reliance Industries.

BP considering LNG imports to India through JV

UK's BP Plc is exploring options for importing liquefied natural gas (LNG) into India through its joint venture with Reliance Industries, a senior company official said today.

Reliance asks govt to end logjam on KGD6 capex plan

Reliance Industries has asked the oil ministry to break the logjam and approval for its KGD6 capex plans of USD 1.6 bn for FY12 and FY13.

RIL, BP warn of shutting down KG-D6 gas field in 2015-16

Reliance Industries and partner BP Plc have warned of their KG-D6 gas field shutting down in 2015-16 if the government does not approve investments needed to keep the nation's largest gas fields alive.

Natural gas prices should be determined by market forces

As Oil Ministry resists Reliance Industries' demand for higher gas price, India's 12th Five Year Plan document prescribes natural gas prices being determined by market forces.

Jaipal Reddy promises fast nod for RIL's investment plans

Reliance Industries and BP have dropped a bombshell by claiming gas production at the KG-D6 could stop in 2015.

RIL AGM: Ambani says to invest Rs 1L cr in 4 yrs

Mukesh Ambani is targeting to double operating profit in four to five years. Addressing the share holders, Ambani said RIL has improved profitability and financial position.

Hike KG-D6 gas price: RIL to govt

Reliance Industries is battling the government over cost-recoveries and delayed budgetary approvals for gas block development between 2008 and 2012.

Govt to RIL: Limit cost recovery to $1.4 bn, say sources

Since November 2011, the oil ministry has been saying no dispute exists with the company and therefore it must immediately withdraw the arbitration notice it had served the government. But that has now all changed with the oil ministry serving RIL a notice to limit its KGD6 cost recovery.