Gas Production

HSBC cuts target for RIL on lower gas output, stock down

HSBC also expects RIL to report sequentially lower earnings in the next two quarters.

Reliance, BP shut 7th well in KG-D6 gas block

Declining gas output from the D6 block in the Krishna Godavari basin has impacted expansion plans of several power companies, and spurred demand for costly liquefied natural gas imports.

Pay us market price for more KG-D6 gas, RIL tells govt

RIL's also builds its case by arguing growing demand of LNG is today satisfying 35 percent of the country's gas needs even at prices as high as $15/mmbtu. <br /><br />

Oil Min asks RIL to withdraw arbitration notice over KG-D6 fields

RIL had on November 24, 2011, slapped the notice upon learning that the ministry was moving to restrict cost-recovery in the KG-D6 block

BP's Dudley writes to Oil Min for KG-D6 approvals

BP, which recently bought 30 percent stake in KG-D6 and 20 other blocks of Reliance Industries for $7.2 billion, is keen to undertake sea-bed surveys this winter

Review all contracts of RIL KG-D6 block: Parl panel

A Parliamentary panel has called for review of all contracts and asked government to impose stringent provisions for failure to stick to committed work programme like drilling of wells.

India logs largest decline in gas production, consumption

India, the fourth largest energy consumer globally, recorded the largest volumetric decline in natural gas production and consumption last year, BP Statistical Review of World Energy 2014 said today.