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Government unlikely to implement gas price hike retrospectively

Jun 04, 2014

Government unlikely to implement gas price hike retrospectively

The government may not implement the delayed increase in price of natural gas with retrospective effect as it would be difficult to back charge higher bills from power and CNG consumers, an official said. #India #Reliance Industries #C Rangarajan #NewsTracker #KG-D6 #CNG #Niko Resources
RIL to increase KG-D6 gas production to reverse falling output trend

Jan 03, 2014

RIL to increase KG-D6 gas production to reverse falling output trend

Production at KG-D6 has dropped to just about 12 mmscmd and MA-8 will help reverse the falling trend of last three years. #Reliance Industries #NewsTracker #BP #RIL #Bay of Bengal #Niko Resources #Krishna Godavri basin #KG-D6 black #D1&D3
RIL, BP, Niko to give $1.2 bn bank guarantee over 3 yrs for higher gas price

Dec 29, 2013

RIL, BP, Niko to give $1.2 bn bank guarantee over 3 yrs for higher gas price

The bank guarantee, which will be equivalent to the incremental revenue that RIL will get from the new gas price, will be encashed if it is proved that the company hoarded gas or deliberately suppressed production at the main Dhirubhai-1 and 3 (D1 & D3) fields. #NewsTracker #Oil Ministry #LNG #KG-D6 #Rangarajan #BP #RIL #CCEA #Niko Resources
CCEA allows RIL to double gas price, asks for bank guarantee clause

Dec 20, 2013

CCEA allows RIL to double gas price, asks for bank guarantee clause

Prices of natural gas, which is an input to manufacturing fertiliser and electricity generation, will be revised every quarter based on the average of the past four quarters, with a gap of one quarter. #Reliance Industries #LNG #KG-D6 #PolicyWatch #Niko Resources #Rangarajan formula
RIL, BP shut seventh well at KG-D6 due to sand, water ingress

Dec 14, 2012

RIL, BP shut seventh well at KG-D6 due to sand, water ingress

Reliance Industries and its partner BP have shut a seventh well in the D6 block off the Andhra coast due to sand and water ingress, bringing down the number of producing wells to 11. #CorporateStrategy #BP #RIL #D6 block #Niko Resources

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RIL, BP shut seventh well at KG-D6 due to sand, water ingress

Jun 27, 2014

India gas price hike delayed again: Niko Resources

Niko Resources Ltd. reported Friday a promised price increase at its offshore India gas play faces at least a three-month delay, while noting an annual loss and further declines in production. The Calgary-based international explorer posted a loss of... #India #Calgary