Mukesh Ambani-led Reliance Industries will pick up a 67% stake in Krishna Godavari Gas Network, a company set up to develop a city gas distribution network (CGD) in the state. For full story, click here
The government today declared Reliance Industries will have to pay royalty on natural gas it is producing from KG basin fields as per the Production Sharing Contract has signed with it. For full story, click here
The Petroleum and Natural Gas Ministry has asked Reliance Industries Ltd. will sell natural gas from its eastern offshore KG-D6 fields to steel firms like Essar and Ispat. For full story, click here
After D6 in Krishna Godavari basin, Reliance Industries declared that it has struck big in two nearby blocks with estimates putting in place natural gas reserves at 20 trillion cubic feet. For full story, click here
Tax holiday will be a major boost to gas-producing companies like RIL, ONGC and GSPC. For full story, click here
Exploration firms led by RIL, ONGC and British Gas had raised objections alleging it discriminated against gas producers. For full story, click here
Reliance Industries Ltd will start natural gas production from its prolific eastern offshore KG-D6 fields in the first week of March, Petroleum Secretary R S Pandey said. For full story, click here
Reliance Industries denied that NTPC was in urgent need of natural gas for its power plants. For full story, click here
The government is likely to gain Rs 16,000 crore from the sale of gas from Reliance Industries’ Krishna Godavari basin at $4.20 per mmbtu (unit of natural gas) and not lose Rs 30,000 crore, as suggested by Reliance Natural Resources (RNRL), argued RIL’s counsel before the Bombay High court on Thursday. For full story, click [...]
Travel advisories issued by some countries in the aftermath of Mumbai terror attacks have seen several expats refusing to return to work on the D6 project. For full story, click here
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