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With two of its clusters - R-Series and Satellite Series - likely to start production in the next two years, the company looks to turn around production from this business.
After a long wait for government approval, Reliance Industries (RIL) is to begin work on development of four satellite fields -- D-2, D-6, D-19 and D-22 -- in India's largest gas field, block D6 in the Krishna-Godavari basin, or KG-D6.
In a setback to the ruling Congress, former party member of Parliament Y S Jagan Mohan Reddy on Wednesday won two out of nine seats in the elections to local authorities' constituencies of the Andhra Pradesh Legislative Council.
The committee said whatever benefit RIL received in terms of the migrated gas is liable to be returned to the government.
Rebel Congress leader and former Member of Parliament from Kadapa, Y S Jaganmohan Reddy will formally launch his much awaited regional political party at his family estate Idupulapaya on Saturday.
State-owned Oil and Natural Gas Corp (ONGC) plans to invest USD 2.894 billion (about Rs 15,340 crore) in developing its ultra-deepsea UD-1 gas discovery in the Krishna Godavari basin by 2016-17.
Ahead of their talks, India and Pakistan are locked in a nasty spat and have lodged protests against each other over their naval warships allegedly resorting to 'risky' and 'dangerous' manoeuvres after hijacked MV Suez was freed by Somali pirates.
Reliance Industries' flagging KG-D6 gas block holds 80 per cent less reserves than previously estimated, the firm's junior partner Niko Resources of Canada said.
Incessant rains have claimed as many as 29 lives in Andhra Pradesh during the past four days while more than 72,000 people have been evacuated from low-lying areas.
Petroleum secretary G C Chaturvedi said the arbitration notice grants a time of up to a month to respond and there was no hurry.
It is expected to take a similar stand at the Mumbai and Delhi high courts, where Welspun Maxsteel, Ispat Industries and Essar Steel have challenged the petroleum ministry's decision to divert KG-D6s supply from steel and petrochemicals to power and fertiliser.
Telugu actor Kamal Kamaraju talks about playing a naxalite in his upcoming film Virodhi.
Days after the brush off incident between their warships in the Gulf of Aden, Indian Navy on Friday said Pakistani ship PNS Babur had damaged a part of INS Godavari by moving too close to it.
Foreign Secretary Nirupama Rao will arrive in Islamabad at 10 am on Thursday and she will have her first meeting with her Pakistan counterpart Salman Bashir later that evening. The two full delegations will then have two sessions on Friday.
The Navy on Thursday pulled out its warship from escorting MV Suez, released by pirates, towards Salalah port in Oman after the Egyptian vessel, under the command of a Pakistani national, did not respond to its calls.
ONGCt has made another significant oil and gas discovery in its Krishna Godavari basin.
Lakhs of devotees came out in processions to immerse the Ganesha idols on the last day of the festival.
This huge 52-foot Ganesha idol was made by nearly 100 workers over 50 days, in Khairatabad town in Andhra Pradesh.
Reliance is seeking help from Shell to rectify glitches in D6 block in the Krishna-Godavari basin.
The aircraft carrier does not have any self-defence weapons on board.
Rediff Labs analyses the current storage departure of water in 91 reservoirs across the country.
Though all the regulatory and ministerial approvals are yet to come in, two working groups with specific mandates have been set up.
Andhra Pradesh minister V Vasant Kumar, who sent his resignation to Chief Minister N Kiran Kumar Reddy allegedly dissatisfied over the tourism portfolio allocated to him, may take back his resignation.
The company is in talks with BG India and Italian E&P major, ENI.
The output comprised 32.94 mmscmd from the D1 and D3 gas fields and 6.86 mmscmd from the MA oilfield.
Breaking the five-day-long stand-off, the Maharashtra government has decided to release all Telugu Desam leaders, including its president and former chief minister N Chandrababu Naidu by withdrawing the cases registered against them.
Prithvi Teja, the boy who topped the IIT-JEE this year reveals how he studied for the mother of all exams.
Ram Venky's directorial debut is set to hit cinema screens in June-July.
Chances are any such disruption will not occur on the major shipping lanes but on some edge of the ocean between India and China. Even if there is no actual disruption, the costs of averting one can be punitive. The setting for this is provided by the energy shortage both countries face, says Subhomoy Bhattacharjee.
With RIL's KG-D6 output playing truant, steps need to be taken to stabilise the country's natural gas production.
'If Baahubali were to be made in Bollywood, I would take Hrithik Roshan as Baahubali and Deepika Padukone for Devsena.' Baahubali writer K V Vijayendra Prasad looks back at the epic blockbuster.
The government-owned Oil and Natural Gas Corporation, Cairn India's partner in the Barmer block in Rajasthan, is closely scrutinising the stake sale in Cairn India by Cairn Energy.
Kamalinee Mukherjee talks about her recently released Telugu film, Maa Annayya Bangaram, being choosy about films and her future projects.
Telangana Rashtra Samithi's (TRS) 48-hour bandh has incurred a huge loss to the coastal areas of East Godavari, West Godvari and Viskhapatnam.
Petroleo Brasileiro SA or Petrobras, Brazil's state-controlled oil firm, has offered ONGC its 15 per cent interest in the Krishna Godavari basin block that sits next to Reliance Industries prolific KG-D6 fields without any cost.
Andhra Pradesh is facing the threat of a cyclonic storm even while the state is struggling to limp to normalcy after the havoc caused by heavy rains and floods claimed 25 lives in the coastal region of Andhra Pradesh over the past five days.
Jaganmohan Reddy, the son of late Dr Y S Rajashekhar Reddy, has openly declared war on the Congress high command by embarking upon his Odarpu Yatra (tour to console people) notwithstanding party president Sonia Gandhi reservations about the same.
Light to moderate rainfall in various parts of the country, including Delhi, on Tuesday brought respite from the scorching sun but heat wave claimed 16 more lives in Andhra Pradesh and three in Odisha, raising the nationwide toll to 2,357.
Reliance Industries has said the natural gas output at its Krishna Godavari basin KG-D6 fields averaged 54.5 million cubic meters a day in the quarter ended December 31, 2010, down from 60 mmscmd achieved in April.
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