Govt slaps $ 264 million penalty on RIL, BP!
The government has imposed a new penalty of USD 264 million (about Rs 1,700 crore) on Reliance Industries Ltd and its partners for producing less than the targeted natural gas from eastern offshore KG-D6 fields in 2015-16.
Aug 15, 2017, 14:14 PM IST
Govt slaps $ 264 million penalty on RIL, BP
The government has imposed a new penalty of USD 264 million (about Rs 1,700 crore) on Reliance Industries Ltd and its partners for producing less than the targeted natural gas from eastern offshore KG-D6 fields in 2015-16.
Aug 15, 2017, 14:14 PM IST
Cash-starved Niko to give stake in NEC-25 gas block to RIL, BP
RIL is the operator of the block with 60 percent interest while BP plc of UK has the remaining 30 percent stake.
Nov 13, 2015, 18:55 PM IST
RIL to defer gas field development if price outlook uncertain
Reliance Industries may defer development of R-Series and other satellite gas fields in the eastern offshore KG-D6 block if the gas price outlook was uncertain, its junior partner Niko Resources of Canada said.
Jun 29, 2015, 16:55 PM IST
Niko seeks 3-month extension to sell stake in KG-D6 block
Reliance Industries` consortium partner Niko Resources of Canada has extended by over three months its search for a buyer of its stake in RIL`s eastern offshore KG-D6 gas block to pay off debt.
Jun 14, 2015, 20:19 PM IST
Niko to sell stake in RIL block on lower gas price hike
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.
Feb 15, 2015, 15:17 PM IST
BP Plc writes off $830 million investment in KG-D6 block
BP Plc has written down the value of its investment in eastern offshore KG-D6 block by USD 830 rpt USD 830 million, following lower-than-expected gas price hike.
Feb 03, 2015, 18:07 PM IST
Investment decision only after clarity on gas price: RIL
Reliance Industries has said it will make a final investment decision on producing gas from the R-Cluster discovery in the flagging KG-D6 block only after the government decides on gas price hike.
Oct 14, 2014, 15:52 PM IST
RIL gas field investments depend on acceptable pricing: Niko
Reliance Industries' USD 10 billion investment in new fields off the east coast depends on the government approving acceptable gas price, its junior partner Niko Resources said.
Sep 12, 2014, 14:13 PM IST
RIL, BP slap arbitration notice on Govt for gas price hike
RIL-BP-Niko on June 17 served a formal arbitration notice naming London-based Sir David Steel as its arbitrator.
Jul 06, 2014, 12:17 PM IST
'RIL to defer investment in developing new fields'
The consortium is also investing USD 1.529 billion in developing four other satellite fields that can produce 10 mmscmd.
Jun 30, 2014, 19:02 PM IST
Govt to slap additional penalty of $578 million on RIL
The government plans to impose an additional penalty of USD 578 million on Reliance Industries for producing less-than-targeted natural gas from its eastern offshore KG-D6 block.
Jun 25, 2014, 15:41 PM IST
