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 …
Has deferred decision on the critical issue of allowing the company to fully recover previous costs The oil ministry plans to impose cost limits on the development of new KG Basin gas fields by Reliance Industries, and has deferred its decision on the critical issue of allowing the company to …
Reliance Industries (RIL) has told the government that already declining production at its trophy asset, the D6 block in offshore Andhra Pradesh, could plummet drastically if its investment plans are not approved forthwith. Senior RIL officials led by Chairman Mukesh Ambani have met Prime Minister Manmohan Singh and Finance Minister …
New Delhi The petroleum ministry will decide in three to four weeks on limiting the capital expenditure that Reliance Industries (RIL) can recover from its Krishna-Godavari basin gas block in proportion to its natural gas production, oil secretary G C Chaturvedi said here. The ministry has already got the law …
Gas is the cleanest of fossil fuels and also more efficient and cheaper to use. Yet, in India, there has been no policy focus on this fuel, leading to a huge mess in critical sectors. Investments of Rs 35,000 crore made in the power sector will remain stranded unless projects …
Reliance Industries and its partner BP have proposed that the infrastructure at the deep-sea D6 gas fields can be shared with neighbouring blocks of ONGC and GSPC to save development costs and raise government’s revenue from new output from the gasrich block. The oil ministry officials and experts in the …
GAIL India says it has big plans for the fast-emerging shale gas sector. Its move in September to take a 20 per cent stake in Carrizo's Eagle Ford shale asset in America was part of a larger scheme to go deeper into the business. Chairman and managing director B C …
Decision to further delay the project that is awaiting govt approval since 2009 RAJEEV JAYASWAL NEW DELHI A global consultant will authenticate Reliance’s $1.52-billion proposal to produce about 10 million standard cubic metres per day of gas from four satellite discoveries in its D6 block and also verify operator’s argument …
The CAG has advised the Oil Ministry to allow Reliance Industries (RIL) to recover expenditure on its eastern offshore KG-D6 field only after it has been audited.
Plan to help Reliance reverse decline in output from the deep-sea block The oil ministry will shortly consider Reliance Industries’ $1.52-billion plan to develop satellite fields in its KG-D6 block, which may deliver about 10 million metric standard cubic metres a day of natural gas in five years, government officials …
CAG Says Ministry Was Aware Of Flaws In Decision But Didn’t Do Anything The oil ministry turned a Nelson’s eye as its regulatory arm for exploration manoeuvred a U-turn to allow Mukesh Ambani’s Reliance Industries Ltd to retain the entire Andhra offshore acreage against the “written word” of the contract …
RIL violated production sharing contract in KGD6: CAG NEW DELHI: The government's auditor has accused Mukesh Ambani's Reliance Industries Ltd of violating terms of the contract for its showcase Andhra offshore acreage and expressed doubt over the costs at which India's biggest private sector oil company contracted goods and services …
The institution has been auditing ONGC and Oil India for several decades The contention of Reliance Industries Limited (RIL) questioning the competence and scope of the Comptroller and Auditor General (CAG) to carry out an audit of its KG basin facilities was strongly rebuked by the CAG which said the …
British oil major BP has completed the acquisition of 30 per cent stake in 21 oil and gas production sharing contracts operated by Reliance Industries Ltd. Despite the fact that stake sale in two more blocks is still awaiting government approval, the valuation will not be adjusted and will amount …
The Comptroller and Auditor-General today said it is in the process of finalising its report on Reliance Industries’ KG-D6 gas fields. Refuting allegations by Reliance Industries that it was not given enough time to respond to the audit observations, Comptroller and Auditor-General of India, Mr Vinod Rai, said, “We have …
A day after voluntary Corporate Social Responsibility (CSR) guidelines were released by the Government, Mr Mukesh Ambani, Chairman, Reliance Industries Ltd, said that India needs a unique development model for equitable economic growth.
Reliance Gas Transportation Infrastructure (RGTIL) is reluctant to build two pipelines it had planned because no gas has been allocated, but it wants to hold on to the licence for the projects, which would become attractive if Reliance imports LNG, a source close to the company said. The company, privately …
SALE OF 30% STAKE IN OIL, GAS BLOCKS Clearing the last hurdle, the Home Ministry has given unconditional approval for UK's BP to buy a 30 per cent stake in Reliance Industries' oil and gas blocks, including the showcase KG-D6 gas fields, for $7.2 billion. The Ministry of Home Affairs …
