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 …
Desperate to reverse the falling output at its KG-D6 block, Reliance Industries (RIL) has proposed to drill the first exploration well in almost five years in the flagging gas fields at its own cost. Dhirubhai-1 and 3 (D1 & D3) gas fields, the largest among the 18 gas finds on …
A regulatory panel overseeing the affairs of Reliance Industries’ (RIL) most prolific KG-D6 gas block has approved field development investments for three years starting 2010-11 with riders, oil ministry sources said on Tuesday. The panel also gave conditional approval to ‘declaration of the commerciality’ of the D-29, D-30 and D-31 …
Panel Gives Conditional Approval For D6 Block, Gas Output Set To Rise New Delhi: The oversight panel for India’s showcase gas field off the Andhra coast gave Mukesh Ambani’s Reliance Industries (RIL) and BP Plc permission to pump over $1 billion into the flagging field, but with the rider that …
AG: Public Trust Doctrine For Gas Creates Confusion New Delhi: While seeking to overcome the ‘auction for all natural resources’ law laid down by the 2G judgment, the Centre wants clarification of an important conclusion in the Reliance judgment. The Supreme Court in 2010 had ruled in favour of Mukesh …
AG: Public Trust Doctrine For Gas Creates Confusion New Delhi: While seeking to overcome the ‘auction for all natural resources’ law laid down by the 2G judgment, the Centre wants clarification of an important conclusion in the Reliance judgment. The Supreme Court in 2010 had ruled in favour of Mukesh …
The petroleum ministry on Tuesday promised expeditious clearances to a proposal made by Mukesh Ambani-run Reliance Industries (RIL) and partner BP India to make fresh investments at four blocks at its KG-D6 gas field. The move comes amid RIL’s legal battle with the government over the latter disallowing the desired …
The major reason for production shortfall was delays in project implementation by ONGC and Cairn Energy India missed oil and natural gas production targets by a wide margin due to fall in output at Reliance Industries' KG-D6 fields and delays in implementation of project by ONGC, according to Planning Commission. …
Declare subsidy upfront; give sops to private refiners too. A fortnightly or monthly revision in diesel prices by only Re 1 a litre in tandem with international prices may sound like music to public sector oil marketing companies, but not so for the consumers. An official panel working on ‘Policy …
Private oil companies, which have been pushed out of the fuel retail market because of cheap sales by state-run rivals, are having the last laugh as diesel demand has risen so rapidly that public-sector firms are forced to buy more fuel from Reliance and Essar at international rates. State oil …
New Delhi: British energy major BP Plc has sought a free market pricing regime for natural gas to check India’s growing dependence on imports and prevent investments in the exploration and related oilfield service business moving out of the country. The low domestic gas price set by the government is …
Auditor Gives Point-By-Point Rebuttal On Reliance’s Claims Of Lack Of Expertise The Comptroller and Auditor General of India has offered a strong rebuttal of Reliance Industries Limited’s criticism that the auditor excluded its responses in the KG basin report, asserting that the firm got a fair hearing and the production …
Rangarajan to head committee, to press for revision in terms of production sharing contracts for future deals. A committee headed by C Rangarajan will review terms of the contract that oil & gas companies sign with the government, after a controversy between Reliance Industries and the oil ministry over declining …
On the face of it, the Union petroleum ministry has finally taken some action in its slow-fuse battle with Reliance Industries over the D6 block in the Krishna-Godavari basin. A long legal arbitration duel between the two parties seems inevitable (over Reliance’s failure to deliver the promised quantum of gas …
An inter-ministerial panel has been set up to find a solution to the dispute between the Ministries of Coal and Petroleum on simultaneous extraction of gas and coal. The panel, headed by Member Planning Commission, Mr B. K. Chaturvedi, is expected to meet on May 16. Official sources said that …
NEW DELHI: A Parliamentary panel has asked oil ministry and DGH to closely monitor Reliance Industries' flagging KG-D6 gas fields saying any production decline should be supported by proper evaluation. RIL's KG-D6 fields have seen output drop by about 45% to less than 34 million standard cubic meters per day …
NEW DELHI: The oil ministry plans to take coal bed methane (CBM) pricing matters to a ministerial panel as it sees a wide gap between prices offered by customers to Reliance Industries and Essar, a move that can further delay approvals, government and industry officials said. "Reliance CBM price is …
Seeks appointment of arbitrator on behalf of oilmin to settle dispute OUR BUREAU NEW DELHI Reliance Industries has sought the Supreme Court’s intervention to help start arbitration with the oil ministry over recovering its investment in the D6 block from gas sales, ruling out amicable resolution of its dispute with …
Having failed to get a response from the ministry of petroleum and natural gas for nearly five months, Reliance Industries Ltd (RIL) on Wednesday filed a plea in the Supreme Court to seek the appointment of an arbitrator in its dispute over the D6 block in the Krishna-Godavari basin. According …
Reliance Industries Ltd (RIL) and partner BP Plc have won approval from the government to prepare a plan to develop a natural gas discovery in the Bay of Bengal, two people with direct knowledge of the matter said. A panel headed by the country’s oil and gas regulator recognised the …
The regulatory panel overseeing the performance of Reliance Industries’ prestigious D6 block in the Krishna Godavari basin on Tuesday approved the company’s plan to develop four satellite fields at an estimated cost of $1.5 billion. The oil and gas major is keen to develop the fields around their producing D1 …
