Rangarajan to head committee, to press for revision in terms of production sharing contracts for future deals.

On the face of it, the Union petroleum ministry has finally taken some action in its slow-fuse battle with Reliance Industries over the D6 block in the Krishna-Godavari basin.

An inter-ministerial panel has been set up to find a solution to the dispute between the Ministries of Coal and Petroleum on simultaneous extraction of gas and coal.

NEW DELHI: The oil ministry plans to take coal bed methane (CBM) pricing matters to a ministerial panel as it sees a wide gap between prices offered by customers to Reliance Industries and Essar, a

NEW DELHI: A Parliamentary panel has asked oil ministry and DGH to closely monitor Reliance Industries' flagging KG-D6 gas fields saying any production decline should be supported by proper evaluat

Having failed to get a response from the ministry of petroleum and natural gas for nearly five months, Reliance Industries Ltd (RIL) on Wednesday filed a plea in the Supreme Court to seek the appointment of an arbitrator in its dispute over the D6 block in the Krishna-Godavari basin.

According to a spokesperson, the company has sought an order appointing an arbitrator under section 11(6) of the Arbitration and Conciliation Act and article 33.5 of the production-sharing contract. “We had served a notice on the government in November 2011. We have approached the Supreme Court since we did not get any response,” he said.

Seeks appointment of arbitrator on behalf of oilmin to settle dispute
OUR BUREAU NEW DELHI

Reliance Industries Ltd (RIL) and partner BP Plc have won approval from the government to prepare a plan to develop a natural gas discovery in the Bay of Bengal, two people with direct knowledge of

The regulatory panel overseeing the performance of Reliance Industries’ prestigious D6 block in the Krishna Godavari basin on Tuesday approved the company’s plan to develop four satellite fields at

Has deferred decision on the critical issue of allowing the company to fully recover previous costs