Reliance Ongc Gas Dispute
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Reliance Gets Rs 24,500 Crore Demand Notice For Producing Gas From ONGC Block
The government had in 2016 sought USD 1.55 billion from Reliance and its partners for the quantum of gas that had migrated to its block KG-D6 from adjoining fields of ONGC.
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Government To Appeal Arbitration Ruling On Reliance-ONGC Dispute
The government will appeal against an international court ruling in favour of RIL in a dispute over gas migration from fields operated by ONGC.
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Penalty Of $1.55 Billion On Reliance Industries Exaggerated: Brokerages
Citi Research said it had expected that Reliance Industries' liability should be limited to the net cumulative EBIT earned by it from the disputed volumes, which it had estimated at Rs 1,600 crore ($0.25 billion).
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Reliance Industries Partners Consider Joining Arbitration In $1.55 Billion Gas Row
Calgary-based Niko Resources Ltd, which holds a 10 per cent interest in Reliance Industries-operated KG-DWN-98/3 or KG-D6 block, said the partners believe they are "not liable for the amount claimed by the Government of India".
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Reliance To Contest Government's $1.55 Billion Penalty
Reliance Industries Ltd is to contest a $1.55 billion fine imposed by the government on the company and its partners for selling gas belonging to the blocks of Oil and Natural Gas Corp, Reliance said in a statement.
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Quantity Compensation Reliance Industries Has To Pay: Oil Minister To Regulator
Oil Minister Dharmendra Pradhan had on August 31 said that the ministry, as per an order of the Delhi High Court which ONGC had approached to seek compensation for its gas, has one month to decide on the issue from the date of presentation of the report.
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Shah Panel Submits Report On Compensation From Reliance Industries To ONGC
Justice AP Shah Committee submitted a 'comprehensive report' on the compensation Reliance Industries should pay to ONGC for producing state-run firm's gas for the past seven years.
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Shah Panel Report On ONGC-Reliance Industries Gas Dispute By August 31
The government has extended by one month the tenure of A P Shah Committee looking into the dispute over natural gas migrating from state-owned Oil and Natural Gas Corporation's idle blocks in the KG basin to neighbouring fields of Reliance Industries.
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ONGC May Not Get Much Compensation in Gas Dispute With RIL
State-owned ONGC may not get much compensation even if it is established that natural gas from its idlying fields in Bay of Bengal had migrated to adjoining KG-D6 block of Reliance Industries as the contract does not provide for retrospective penalty for such acts.
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Expert Report on ONGC-Reliance Industries Gas Dispute by June: Oil Minister
International expert D&M will by June next year submit its report on claims of gas by Oil and Natural Gas Corp (ONGC) from its KG basin find seeping into the neighbouring gas field operated by Reliance Industries Ltd (RIL), Oil Minister Dharmendra Pradhan has said.
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Court Intervention Sought in ONGC-Reliance Industries Gas Dispute
An activist lawyer and a former bureaucrat on Wednesday moved the Delhi High Court seeking its intervention in ONGC's petition accusing Reliance Industries Ltd (RIL) of exploiting gas worth Rs 30,000 crore from the PSU's natural gas block in Krishna-Godavari basin.
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ONGC-RIL Dispute: Global Independent Consultant to be Appointed, Says Report
Global independent consultant Gaffney, Cline & Associates (GCA) is likely to be appointed to verify state-owned Oil & Natural Gas Corp's (ONGC) claims that gas from its Krishna Godavari fields may have flowed out of the neighbouring KG-D6 wells of Reliance Industries.
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Reliance Industries Seeks Joint Tech Studies to Resolve Gas Dispute With ONGC: Report
In a move seen as "delaying tactics", Reliance Industries Ltd (RIL) has proposed joint studies before an international expert is roped in to decide if its wells on KG-D6 block were drawing gas from neighbouring fields of Oil and Natural Gas Corp (ONGC), according to sources with direct knowledge of the development.
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ONGC, Reliance Industries to appoint joint expert to resolve gas dispute: report
State-owned Oil and Natural Gas Corp (ONGC) and Reliance Industries will appoint a common international expert to resolve the dispute over their Krishna Godavari basin gas fields being inter-connected, according to sources.
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Reliance Gets Rs 24,500 Crore Demand Notice For Producing Gas From ONGC Block
The government had in 2016 sought USD 1.55 billion from Reliance and its partners for the quantum of gas that had migrated to its block KG-D6 from adjoining fields of ONGC.
-
Government To Appeal Arbitration Ruling On Reliance-ONGC Dispute
The government will appeal against an international court ruling in favour of RIL in a dispute over gas migration from fields operated by ONGC.
-
Penalty Of $1.55 Billion On Reliance Industries Exaggerated: Brokerages
Citi Research said it had expected that Reliance Industries' liability should be limited to the net cumulative EBIT earned by it from the disputed volumes, which it had estimated at Rs 1,600 crore ($0.25 billion).
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Reliance Industries Partners Consider Joining Arbitration In $1.55 Billion Gas Row
Calgary-based Niko Resources Ltd, which holds a 10 per cent interest in Reliance Industries-operated KG-DWN-98/3 or KG-D6 block, said the partners believe they are "not liable for the amount claimed by the Government of India".
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Reliance To Contest Government's $1.55 Billion Penalty
Reliance Industries Ltd is to contest a $1.55 billion fine imposed by the government on the company and its partners for selling gas belonging to the blocks of Oil and Natural Gas Corp, Reliance said in a statement.
-
Quantity Compensation Reliance Industries Has To Pay: Oil Minister To Regulator
Oil Minister Dharmendra Pradhan had on August 31 said that the ministry, as per an order of the Delhi High Court which ONGC had approached to seek compensation for its gas, has one month to decide on the issue from the date of presentation of the report.
-
Shah Panel Submits Report On Compensation From Reliance Industries To ONGC
Justice AP Shah Committee submitted a 'comprehensive report' on the compensation Reliance Industries should pay to ONGC for producing state-run firm's gas for the past seven years.
-
Shah Panel Report On ONGC-Reliance Industries Gas Dispute By August 31
The government has extended by one month the tenure of A P Shah Committee looking into the dispute over natural gas migrating from state-owned Oil and Natural Gas Corporation's idle blocks in the KG basin to neighbouring fields of Reliance Industries.
-
ONGC May Not Get Much Compensation in Gas Dispute With RIL
State-owned ONGC may not get much compensation even if it is established that natural gas from its idlying fields in Bay of Bengal had migrated to adjoining KG-D6 block of Reliance Industries as the contract does not provide for retrospective penalty for such acts.
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Expert Report on ONGC-Reliance Industries Gas Dispute by June: Oil Minister
International expert D&M will by June next year submit its report on claims of gas by Oil and Natural Gas Corp (ONGC) from its KG basin find seeping into the neighbouring gas field operated by Reliance Industries Ltd (RIL), Oil Minister Dharmendra Pradhan has said.
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Court Intervention Sought in ONGC-Reliance Industries Gas Dispute
An activist lawyer and a former bureaucrat on Wednesday moved the Delhi High Court seeking its intervention in ONGC's petition accusing Reliance Industries Ltd (RIL) of exploiting gas worth Rs 30,000 crore from the PSU's natural gas block in Krishna-Godavari basin.
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ONGC-RIL Dispute: Global Independent Consultant to be Appointed, Says Report
Global independent consultant Gaffney, Cline & Associates (GCA) is likely to be appointed to verify state-owned Oil & Natural Gas Corp's (ONGC) claims that gas from its Krishna Godavari fields may have flowed out of the neighbouring KG-D6 wells of Reliance Industries.
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Reliance Industries Seeks Joint Tech Studies to Resolve Gas Dispute With ONGC: Report
In a move seen as "delaying tactics", Reliance Industries Ltd (RIL) has proposed joint studies before an international expert is roped in to decide if its wells on KG-D6 block were drawing gas from neighbouring fields of Oil and Natural Gas Corp (ONGC), according to sources with direct knowledge of the development.
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ONGC, Reliance Industries to appoint joint expert to resolve gas dispute: report
State-owned Oil and Natural Gas Corp (ONGC) and Reliance Industries will appoint a common international expert to resolve the dispute over their Krishna Godavari basin gas fields being inter-connected, according to sources.
