The Ministry of Petroleum and Natural Gas has issued a $2.81 billion demand to Reliance Industries Limited (RIL) and its consortium partners, BP Exploration (Alpha) Limited and NIKO (NECO) Limited, ...

India's Reliance Industries said on Tuesday the country's Petroleum and Natural Gas Ministry has raised a demand of $2.81 billion from the company, BP Exploration and Niko in a gas drilling dispute ...

Here is what analysts have to say on their outlook for the stock after the latest set of earnings numbers: lining KG-D6 volumes and muted gross refining margins (GRMs) are likely to impact ...

If the order holds, the oil ministry can impose its demand of $2.81 billion on RIL and its foreign partners. The ruling will ...

The demand imposed by the ministry on the two companies — partners in the KG-D6 block in the Krishna Godavari basin — follows a recent decision by the Delhi High Court to overturn the result ...

A regulatory panel overseeing the affairs of Reliance Industries? (RIL) most prolific KG-D6 gas block has approved field development investments for three years starting 2010-11 with riders ...

Fields in question: Block or area KG-DWN-98/3, known as KG-D6, was awarded to a consortium of Reliance Industries Ltd and Niko Resources of Canada in the first bid round under New Exploration ...

Initially, Reliance held 60 per cent interest in Krishna Godavari basin deep-sea block KG-D6, while BP had 30 per cent and the remaining 1 per cent was with Canada’s Niko. Later, Reliance and BP took ...

In a relief to Reliance Industries, Oil Minister M Veerappa Moily has indicated that he may not fully accept DGH's recommendation for taking away 86 percent of the company's KG-D6 gas block area.

Reliance held 60 per cent interest in Krishna Godavari basin deep-sea block KG-DWN-98/3 or KG-D6 while BP had 30 per cent and Canadian firm Niko held the remaining 10 per cent. Subsequently ...

The O2C business unit holds Reliance's oil refinery and petrochemical assets and retail fuel business but not upstream oil and gas producing fields such as KG-D6 and textiles business. Once completed, ...

Image: Reuters The claim related to a case dating back to 2018 when the Government of India had raised allegations against the KG-D6 Consortium for an amount of approximately $1.55 billion on ...