The Report looks in-depth at how India’s role on the global oil market may evolve over the period through to 2030. It examines investment plans for the refining and petrochemical industry and how these developments may impact Indian crude and product net trade. The Report looks at energy transition trends …
New Delhi: A day after the petroleum ministry had to cancel a meeting between officials of Reliance Industries Limited and the comptroller and auditor general (CAG), the auditor asserted that it was entitled to access all documents related to RIL’s contract with the government for exploration of KG basin gas. …
New Delhi: Various committees, not just the oil ministry, rejected petro giant Reliance Industries Ltd’s (RIL) proposal to link the cost of gas from the KG basin with the international crude price, with the ministry estimating the tab for states and the Centre adds up to a staggering $6.3 billion. …
Oil Ministry says CAG can’t do performance audit of the company After months of intense stand-off, the Oil Ministry has given nod to Reliance Industries’ plans to raise natural gas output from the flagging KG-D6, and agreed that CAG cannot do a performance audit of the company. The Ministry, on …
Business: Holding out hope for the future of Reliance Industries’ showcase KG-D6 hydrocarbon assets and India’s mining and energy industries, the government and the company have agreed on a development plan for the block, which has seen a precipitous decline in gas output. The RIL-BP consortium can now go ahead …
Clears KG-D6 investment plan RIL also allowed to declare commerciality of certain wells in NEC 25, KG-D6 The face-off between the government and Reliance Industries Ltd (RIL) is nearing an end, with the petroleum ministry agreeing to exempt the country’s largest private sector petroleum company from a performance audit. Simultaneously, …
After months of intense stand-off, the oil ministry has given nod to Reliance Industries’ plans to raise natural gas output from the flagging KG-D6 oilfield and agreed the Comptroller & Auditor General of India could not do a performance audit of the company. The ministry sent a letter on Tuesday …
NEW DELHI, 17 OCT: The oil ministry has informed the Prime Minister's Office (PMO) that it has not given final nod to Reliance Industries' plans to raise natural gas output from the flagging KG-D6 fields as the firm has refused to allow audit of its expenditure by CAG. Oil secretary …
To focus on increasing gas and oil production U.K.’s BP plc and Reliance Industries Limited (RIL) are going to focus on increasing oil and gas production from their assets in future despite having surrendered nine out of the 21 blocks due to poor prospects. BP, which had bought 30 per …
Reliance Industries Limited (RIL) has cut capital investment on the main oil and gas fields in the KG-D6 block by $3 billion on the back of an unexpected drop in reserves in an area that was once India’s most prolific. The company has filed revised field development plans for the …
New Delhi UK's BP plc has relinquished or surrendered 9 out of the 21 oil and gas blocks where it had bought 30 per cent stake from Reliance Industries for USD 7.2 billion, due to poor hydrocarbon prospects. BP had last year bought 30 per cent stake in a total …
New Delhi: The government would offer exploration blocks for the next round of auction only after fine-tuning the existing policy for making it friendlier for investors and easier for the government to monitor pricing and share of revenue. “We will go for the 10th round quite early... Our endeavour is …
New Delhi: The government has cleared a bulk of the 52 exploration blocks that were bid out successfully but were stuck over defence and environmental clearances, oil secretary G C Chaturvedi said on Sunday. “A high-level committee headed by the cabinet secretary and consisting of officials of ministries such as …
Reliance Industries Ltd’s (RIL) SEZ refinery at Jamnagar has won the ‘Globe of Honour Award’ for excellence in environmental management. The award is given by the British Safety Council, London. This is the first time that a Reliance Industries’ manufacturing site has been bestowed with such a coveted award. The …
New Delhi: The oil ministry has rejected RIL’s request for revising the price of gas from the company’s Andhra offshore field before the due date of April 1, 2014. RIL had asked for a price of $14.2-14.5 per unit, up from $4.2 at present. But the ministry said this would …
Oilmin Says New Rates Would Push Up Govt’s Subsidy Burden By $6.3Bn New Delhi: The oil ministry has rejected RIL’s request for revising price of gas from the company’s Andhra offshore field before the due date of April 1, 2014, saying the new price being suggested by the company would …
Cites inordinate delays in construction of the 2,175-km lines as reason Ending months of uncertainty, the government has cancelled authorisations issued to Mukesh Ambani’s privately held firm to lay down four gas pipelines totalling 2,175 km. The company, Reliance Gas Transportation Infrastructure Ltd, or RGTIL, had authorisation for building four …
Even as the Reliance Energy Limited (REL)-managed distribution companies have been flouting all the agreements, silence of the State Government has baffled many. In a memorandum to Chief Secretary BK Patnaik, trade union leader and Nikhila Odisha Bidyut Shramik Mahasangha general secretary Sarat Mohanty sought to know the action taken …
Co may freeze oil & gas investments till clarity on gas pricing. The board of Reliance Industries may put investments in India’s oil & gas exploration assets on hold until the government agrees to get rid of a cap on the prices of natural gas and approves capital expenditure plans, …
New Delhi: Mukesh Ambani’s Reliance Industries Ltd has put its foot down on the government’s move to get the performance of its showcase Andhra offshore gas field scrutinized by the federal auditor. In a September 18 letter to the ministry, Reliance said the contract with the state did not have …
Experts feel common infrastructure practical solution as defence min forbids construction of permanent structures RAJEEV JAYASWAL NEW DELHI ONGC and Reliance Industries (RIL) may use surplus infrastructure at the KG-D6 block for their deepwater discoveries in nearby blocks as the defence ministry has forbidden construction of permanent structures in the …
