Reliance permanently shuts down its only oil field in KG-D6 block

Post-cessation, activities related to the safe shutdown of the field are underway. Reliance Industries on Friday said it has permanently shut down its only oil field in the flagging KG-D6 block......

Reliance, BP drop gas price arbitration against govt

Billionaire Mukesh Ambani-led Reliance Industries and its British partner BP plc have withdrawn a legal challenge they had mounted three years back against the government over delay in gas price......

K-G Basin row has all the makings of a vodafone-like tussle

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......

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......