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Oil ministry asks GAIL to pay royalty on RIL gas price

Dec 23, 2014

Oil ministry asks GAIL to pay royalty on RIL gas price

RIL and its partners BP plc of UK and Canada's Niko Resources would pay royalty on $4.2 per million British thermal unit as is being done presently, official sources said. #Business #KG-D6 #Reliance Industries Ltd #Niko Resources #GAIL India #Gas Pool Account
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
Niko expects new plan to help double KG-D6 reserves

Jun 30, 2012

Niko expects new plan to help double KG-D6 reserves

The Canadian firm has earmarked $50 million for development of the D6 block this financial year #Reliance Industries #ToWhatEffect #BP Plc #Niko Resources Ltd #probable gas reserves
D6 drying up? RIL faces investors questions

Jun 22, 2012

D6 drying up? RIL faces investors questions

Gas output from the basin has been fast declining and Reliance Industries has been questioned by the government and the shareholders for the falling output. #oil prices #ToWhatEffect #Niko Resources Ltd #oil and gas
Reliance, Niko to invest $4bn for satellite gas fields in D6

Jun 22, 2012

Reliance, Niko to invest $4bn for satellite gas fields in D6

Energy major Reliance Industries and partners BP and Niko Resources plan to spend $4 billion to develop satellite gas fields off India's east coast as gas output from D6 has been falling. #Reliance Industries #NewsTracker #Natural gas #Niko Resources Ltd
Reliance slumps after Niko cuts gas reserve estimate

Jun 21, 2012

Reliance slumps after Niko cuts gas reserve estimate

Reliance Industries shares fall 3% after Canadian oil and gas producer Niko Resources said proved and probably reserves from their KG D6 block in India had decreased. Niko owns a 10% stake in the block. #BSE Sensex #StockWatch #Niko Resources Ltd #East Coast