Kg D6

Premature disclosure of CAG report: RS privileges committee summons Prashant Bhushan

The Privileges Committee of Rajya Sabha has summoned lawyer Prashant Bhushan to appear before it on 10 February in connection with a breach of privilege notice against him for the alleged premature disclosure of a CAG report on allocation of D6 Block in KG Basin.

D&M submits final report on ONGC-RIL gas dispute

At gas price of $4.2 per million British thermal unit, the volume of gas belonging to ONGC which RIL has produced comes to $1.7 billion (Rs 11,055 crore).

Govt fixes maximum marketing margin for natural gas

The new rate would be "fixed on non-discretionary basis," it said, adding the decision is likely to enhance transparency and provide an element of certainty for future investments in gas infrastructure sector.

ONGC has no claims in KG gas row, says Reliance Industries

RIL believes if all the expenses it had incurred in putting up infrastructure as well as royalties and profit petroleum paid to the government on the share of gas produced is accounted for, ONGC will get nothing.

HSBC Global says PSC has no clause for retrospective penalty, so ONGC won’t get much from dispute with RIL

Oil and Natural Gas Corp (ONGC) may not get much compensation even if it is established that natural gas from its idling fields in Bay of Bengal had migrated to adjoining KG-D6 block of Reliance Industries (RIL).

Reliance Industries seeks freedom to fix gas prices, says talks with govt constructive

RIL had won the KG-D6 block in Bay of Bengal under the first round of bidding under New Exploration Licensing Policy (NELP) round in 2000.

Reliance Industries to produce 23 mmscmd from gas finds in KG-D6: oil ministry

The most number of discoveries, 51 are by RIL. These are made up 12 oil discoveries and 39 gas finds. Its KG-DWN-98/3 or KG-D6 block alone has 19 oil and gas finds.

RIL counters govt assertion on idle power plants, says KG-D6 came later

Sources said almost all of these plants came up and were financed by lending institutions, based on specific alternative allocations/supply sources much before the KG-D6 block had even acquired a development plan.

Stung by low gas pricing, Niko to exit RIL's KG-D6 block

Niko holds 10 percent stake in the KG-D6 block where a total of 20 oil and gas discoveries had been made and three out of them are in production.

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.