RIL-BP to invest $1.5 bn to develop satellite gas fields
They plan to develop four deepsea satellite gas finds, named D-2, 6, 19 and 22, together with two other nearby finds, D-29 and D30, in the Krishna Godavari basin block.
Oct 17, 2017, 13:32 PM IST
RIL's KG-D6 gas output drops to 9% of target: Pradhan
RIL and its partners BP plc of UK and Canada's Niko Resources produced less than 16 percent of the 31,793.28 million standard cubic meters (mmscm) target from KG-DWN-98/3 or KG-D6 block in 2013-14.
Mar 20, 2017, 15:33 PM IST
Reliance Industries-ONGC gas row: Arbitration next port of call
As oil regulator DGH finalises the amount Reliance Industries may have to pay for producing ONGC's gas, the matter appears headed for arbitration owing to the premise used by AP Shah Committee that went into the issue.
Nov 01, 2016, 16:26 PM IST
RIL nears starting gas production from CBM blocks in Madhya Pradesh
Reliance Industries is on the verge of starting commercial production of natural gas from its coal-bed methane (CBM) blocks in Madhya Pradesh.
Jul 17, 2016, 11:47 AM IST
BP signals willingness to take back arbitration
After the oil ministry's tough talk, BP of the UK has signalled its desire to end arbitration seeking higher prices for natural gas from eastern offshore KG-D6 block that it co-owns with Reliance Industries.
Mar 13, 2016, 11:22 AM IST
Gas worth Rs 11,000 cr migrated from ONGC to RIL's KG-D6 block: Report
US-based consultant D&M has submitted its final report on the gas dispute between ONGC and Reliance Industries, establishing that natural gas worth over Rs 11,000 crore has migrated from idling KG fields of the state-owned firm to the adjoining KG-D6 block.
Dec 01, 2015, 22:35 PM IST
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.
Oct 11, 2015, 18:34 PM IST
RIL to defer gas field development if price outlook uncertain
Reliance Industries may defer development of R-Series and other satellite gas fields in the eastern offshore KG-D6 block if the gas price outlook was uncertain, its junior partner Niko Resources of Canada said.
Jun 29, 2015, 16:55 PM IST
Niko seeks 3-month extension to sell stake in KG-D6 block
Reliance Industries` consortium partner Niko Resources of Canada has extended by over three months its search for a buyer of its stake in RIL`s eastern offshore KG-D6 gas block to pay off debt.
Jun 14, 2015, 20:19 PM IST
RIL-BP to triple gas output from KG-D6 by 2021-22
Reliance Industries and its partner BP plc will nearly triple natural gas production from their eastern offshore KG-D6 block by 2021-22 in anticipation of a 'right' gas price covering their exploration risk.
May 07, 2015, 16:43 PM IST
RIL's MJ-1 discovery may hold 1.4 Tcf of gas resources
Reliance Industries' most significant recent gas discovery MJ-1 in KG-D6 block may hold 1.4 trillion cubic feet of gas resources, roughly half of the reserves in the block's main gas fields.
Apr 07, 2015, 13:53 PM IST
Niko to sell stake in RIL block on lower gas price hike
Niko holds 10 percent stake in the KG-D6 block where a total of 20 oil and gas discoveries had been made and three out of them are in production.
Feb 15, 2015, 15:17 PM IST
BP Plc writes off $830 million investment in KG-D6 block
BP Plc has written down the value of its investment in eastern offshore KG-D6 block by USD 830 rpt USD 830 million, following lower-than-expected gas price hike.
Feb 03, 2015, 18:07 PM IST
RIL, BP to invest about Rs 6000 cr to improve gas recovery
Reliance Industries and its partner BP plc of UK will invest about Rs 6,000 crore by 2016 to help sustain and improve recovery from the two main gas fields in the eastern offshore KG-D6 block.
Jan 28, 2015, 18:24 PM IST
RIL, partners to get $40 mn this fiscal from gas price hike
Reliance Industries and its partners will get about USD 40 million in additional revenue this fiscal for gas they produce from eastern offshore KG-D6 block after the government raised prices by 33 percent.
Nov 04, 2014, 20:47 PM IST
Gas price to dent RIL, but EPS, ROCE may still double: Barclays
liance Industries will get 33 percent higher gas price of USD 5.61 per mmBtu for output from MA field in the KG-D6 block, but its main D1&D3 fields will continue to get old rate of USD 4.2.
Oct 21, 2014, 18:26 PM IST
RIL gas field investments depend on acceptable pricing: Niko
Reliance Industries' USD 10 billion investment in new fields off the east coast depends on the government approving acceptable gas price, its junior partner Niko Resources said.
Sep 12, 2014, 14:13 PM IST
OilMin rebukes ONGC for making "frivolous allegations"
ONGC had on May 15 filed a petition in the Delhi High Court alleging that RIL may have drawn natural gas worth thousands of crores of rupees from its fields that sit next to Mukesh Ambani-run firm's KG-D6 block Krishna Godavari basin.
Aug 18, 2014, 19:41 PM IST
'RIL to defer investment in developing new fields'
The consortium is also investing USD 1.529 billion in developing four other satellite fields that can produce 10 mmscmd.
Jun 30, 2014, 19:02 PM IST
