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Degolyer Macnaughton

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RIL, partners face $1 bn penalty for using ONGC's gas

The Mukesh Ambani-led Reliance Industries Ltd and its foreign partners, BP Plc and Niko Resources, may have to pay a penalty of more than $1 billion for commercially using the migrated gas from the......

Gas price mess: Decision to punish RIL has again been put off

'We want to create more convenience to consumers. Good practices by all stakehoders are necessary. They have to create a good business model so that consumer will be at convenience.' Immediately......

The real reason behind RIL-ONGC dispute

Dispute resolution provisions in the production sharing contract remained unimplemented, while the regulator faltered, points out Jyoti Mukul. While the Ajith Prakash Shah Committee report on......

Reliance must pay penalty to govt: Shah panel

The committee said whatever benefit RIL received in terms of the migrated gas is liable to be returned to the government. The A P Shah committee on Wednesday asked the government to claim......

CAG red-flags $1.6 bn excess cost recovery by RIL

CAG had in its previous reports slammed Oil Ministry and its technical arm DGH for not exercising enough control and vigil over KG-D6 block, leading to instance of excess cost recovery. Government......

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