Kg Basin

Oil marketing companies need to increase efficiencies and keep costs in check: Siddharth Zarabi

How is the diesel price rise likely to affect the daily life of a common Indian? CNBC-TV18's economic policy editor & Delhi bureau chief Siddharth Zarabi joined IBNLive readers for an interaction on the issue. ...

05:46 PM, Jan 18, 2013

Kejriwal targets Modi over Gujarat gas deal, seeks probe

by CNN-IBN

Aam Aadmi Party convenor Arvind Kejriwal on Tuesday took on Gujarat Chief Minister Narendra Modi over the Tehelka report alleging irregularities in the sale of stake worth Rs 20,000 crore in Gujarat State Petroleum Corporation's (GSPC) gas exploration project in the Krishna Godavari Basin (KG), which the report alleged, was sold to a foreign company for virtually nothing. ...

05:22 PM, Dec 04, 2012

Govt has disallowed RIL's $1 bn expense on KG-D6: Moily

by Press Trust of India

The government has disallowed $1 billion expense of Reliance Industries on the flagging KG-D6 gas fields for not implementing the approved field development plan, Oil Minister M Veerappa Moily said on Tuesday. "The average gas production from KG-DWN-98/3 (KG-D6 block) during the current year was about 29.81 million standard cubic meters per day as against 86.73 mmscmd approved in the field development plans for D1, D3 and MA fields in...

05:47 PM, Nov 27, 2012

Leakage of gas stopped at ONGC well in KG basin: Govt

by Press Trust of India

New Delhi: State-owned Oil & Natural Gas Corp's (ONGC) Krishna Godavari basin well that had been leaking natural gas for over two months now, has stopped flowing, the government said on Friday. An uncontrolled flow of gas started from the Well G-1-9 in the Krishna Godavari basin on August 30 and the gas leakage stopped on November 7, Minister of State for Petroleum and Natural Gas Panabaka Lakshmi said. "Only...

05:55 PM, Nov 23, 2012

Fall in KG gas haunts AP power plants

by The New Indian Express,

New Delhi: Gas shortage has hit power plants in Oil Minister Jaipal Reddys home state Andhra Pradesh. Power production to the tune of nearly 400 mega watt has been affected as gas-fired plants are receiving far less gas than what was promised to these power plants. Reliance Industries (RIL) KG-D6 gas fields output has dropped to 29 million units as against a planned 80 million units leading to short supply...

03:17 PM, Aug 08, 2012

CAG report on KG Basin puts RIL in the dock

by CNN-IBN

New Delhi: The CAG report on performance of oil and gas blocks operated by firms including Reliance Industries and Cairn India tabled was tabled in Lok Sabha on Thursday. The CAG in its report has asked the Oil Ministry to review decision to allow Reliance Industries to retain entire KG-D6 block. It has also called for an indepth review of 10 contracts, including 8 awarded to Aker Group, by Reliance...

12:34 PM, Sep 08, 2011

Reliance Industries surges over 2 pc on bourses

by Press Trust Of India

Mumbai: Shares of Reliance Industries surged by over 2 per cent in early trade on the bourses on Monday in anticipation of good first quarter numbers from the market leader, which are scheduled to be announced later in the day. After opening the day on a robust note, the stock touched an early high of Rs 892.95, up 2.21 per cent from its previous close on the BSE, while on...

10:57 AM, Jul 25, 2011