Dgh

Govt to launch auction of 60 oil and gas field in second round of bidding on 9 August

The fields on offer hold an estimated 1.4 billion barrels of oil and oil equivalent gas.

Govt allows companies to explore for oil, gas beyond block boundaries

In a bid to make it easier for explorers to find and produce more oil and gas, the Government has allowed companies to go beyond their allocated block boundaries if a discovery were to extend outside their contracted area

Reliance Industries, BP to invest $1.5 bn to develop satellite gas fields in KG-D6 block by 2022

The government had in 2012 approved a $1.529 billion plan to produce 10.36 million standard cubic meters per day of gas from four satellite fields of block KG-DWN-98/3 (KG—D6) by 2016-17.

Panna-Mukta-Tapti: Govt asks RIL, Shell, ONGC to pay $3 bn; RIL says demand 'premature'

RIL said the "quantification of liabilities (if any) of the parties arising out of the Partial Award have to be determined by the Arbitration Tribunal after the Parties have made their respective submissions on quantification."

RIL entitled to recover cost on unviable gas discovery: PAC

Taking a diagonally opposite view to CAG, Parliament's Public Accounts Committee today said RIL is entitled to recover all cost incurred on unviable gas discoveries as government's technical arm DGH had in the first place allowed it to retain the entire KG-D6 block area.

RIL, ONGC gas dispute: Govt extended the tenure of Shah panel by three months

Government has extended by three months the tenure of A P Shah Committee looking into the dispute over natural gas migrating from state-owned ONGC's idle blocks in KG basin to neighbouring fields of Reliance Industries.

Oil Ministry clears development of discoveries worth Rs 1.5 lakh cr

Ending months of logjam over discoveries mired in contractual disputes, the Oil Ministry has used the recently granted freedom to clear development of oil and gas discoveries worth about Rs 150,000 crore.

RIL challenges oil ministry's decision to take away 5 gas finds

RIL has slapped an arbitration notice challenging oil ministry's decision to take away 814 square kilometer of its eastern offshore KG-D6 area that contained five gas discoveries.

RIL vs DGH: Co slams regulator for snatching gas discoveries arbitrarily

Reliance Industries has slammed the DGH's move to snatch 86 percent of its KG-D6 block area, including eight gas discoveries worth $10 billion, as "arbitrary" and said the oil regulator was responsible for the delay in developing the finds.<br /><br />

RIL gas price: Petroleum ministry may go to cabinet

The ministry's technical advisor, DGH, has already cited practical difficulties in implementing the finance ministry's suggestions.