A three-member arbitration panel has started hearing validity of the government's demand of USD 1.55 billion as compensation from Reliance Industries for "unfairly" producing ONGC's gas. The panel, headed by Singapore-based arbitrator Prof Lawrence Boo, had ... Business Standard, 2 days ago
Singapore-based arbitrator to preside over RIL-ONGC dispute - DNA, 1 month ago
Reliance Industries' flagging KG basin D6 block has seen natural gas output slip further, leading the government to disallow USD 2.756 billion in cost, Oil Minister Dharmendra Pradhan said today. RIL and its partners BP plc of UK and Canada's Niko Resources ...Business Standard, 1 week ago BP sees new output from KG-D6 block after 2020 Business Standard, 1 month ago
Reliance Industries has selected engineering group Genesis to do a deep-water front-end engineering contract for its MJ-1 gas discovery in KG-D6 block. Genesis, a subsidiary of newly merged TechnipFMC, will prepare engineering blueprint for producing gas and ...Business Standard, 1 month ago
RIL has denied knowingly producing any gas from the ONGC block. There has been much comment over the $1.55 billion demand made by the petroleum ministry on Reliance Industries and its partners, BP and Niko Resources, for alleged unfair enrichment through gas migration from an adjoining Oil and Natural Gas Corporation (ONGC) block in the Krishna-Godavari basin. The reports of large amounts of gas seeping into RIL’s block for over seven years led to the matter reaching the ...Rediff.com, 2 months ago
The government may not settle for one giant public sector entity in the oil sector and it would rather set up two or more such companies with presence in entire value chain of oil business. Sources said the oil ministry has begun initial discussions to ...The Financial Chronicle, 1 month ago
Posted by Equitymaster Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.19%, while the Hang Seng is down 0.15%. The Shanghai Composite is trading down by 0.45%. Stock markets in the US ended their previous session ...Equitymaster.com, 1 month ago
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