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PANNA MUKTA OILFIELD
Due diligence by Aramco on track for planned stake sale: RILEarlier, both companies had set March 2020 as the deadline for the deal.30 Apr, 2020, 07.45 PM IST- Why the govt asked a court to restrain $15 bn Saudi Aramco-RIL dealThe government asked a court to restrain a $15 billion deal in which the world’s most profitable company and top oil exporter Saudi Aramco ...24 Dec, 2019, 07.31 AM IST
- Delhi High Court asks Reliance Industries, British Gas to disclose assets on Centre pleaThe govt has sought to restrain the two companies from disposing of their assets as they have allegedly failed to pay it USD 3,856,734,582 ...21 Dec, 2019, 07.29 PM IST
- Govt nominates ONGC to operate Panna-Mukta fieldsReliance and Shell each own a 30% participating interest in Panna, Mukta and Tapti (PMT) fields, while ONGC holds the balance 40%.16 Sep, 2019, 06.50 AM IST
- RIL, Royal Dutch Shell may not seek extension of Panna-Mukta fields' contractsLikely to have asked govt not to renew 25-year production-sharing deal beyond December.15 Apr, 2019, 07.36 AM IST
- RIL, Shell, ONGC asked to pay $3 billion in penaltyThe government asked the companies to pay a fine proportionate to their stake in the Panna Mukta Tapti oil field. RIL and Shell have challe...18 Jul, 2017, 10.29 AM IST
- Crude output down 4.5 per cent in June; private firms see sharp declineNatural gas production dipped 4.5 per cent to 2.59 billion cubic meters on back of drop in output from private firm operated fields like KG...22 Jul, 2016, 03.02 PM IST
- Tapti gas field expected to cease production by year end: RILThe depleted Tapti gas field of the Panna/Mukta and Tapti (PMT) cluster in Arabian Sea is likely to cease production by the end of this yea...18 Oct, 2015, 11.41 AM IST
- RIL arbitration: Supreme Court dismisses govt allegation; arbitration to resume in LondonThe Supreme Court on Tuesday dismissed the government’s allegation of bias against an arbitrator in an ongoing arbitration.23 Sep, 2015, 06.15 AM IST
- Government at loggerheads with RIL over $1 billion Panna Mukta-Tapti oilfieldsGovt is also demanding that contractors should not assume an income tax rate of 50% as this reduces state’s share of profit. This issue was...22 Jan, 2015, 06.47 AM IST
- DGH proposes tougher norms for extending oilfield contracts of private firmsDGH has proposed stringent norms for extending oilfield contracts of private firms, demanding they should raise the state's share of profit...10 Jan, 2014, 05.16 AM IST
- Government plans a comprehensive system to extend oilfield contractsOilfields are leased to companies for 15-25 years, but before the lease expires the company needs to know if it will retain the field.03 May, 2013, 04.00 AM IST
- Government to keep tabs on oilfields, says Jaipal ReddyGovt will reinforce supervision of oilfields following the national auditor's sharp criticism of the way it handled private oil firms, Jaip...21 Jun, 2011, 02.09 AM IST
- Govt showed favour to private oil explorers: CAG draft reportCAG has said oil ministry and its regulatory arm for oil hunting cos, Directorate General of Hydrocarbons, showed favour to at least three ...13 Jun, 2011, 04.23 AM IST
- RIL's K-G basin audit to take 4-5 months to complete: CAGIndia's top auditor CAG has said that audit of the D-6 oil block in the Krishna-Godavari basin operated by Reliance Industries is likely to...16 May, 2010, 12.59 PM IST
- ONGC board approves about Rs 3,500 cr investmentOil and Natural Gas Corp (ONGC) on Thursday approved an investment of about Rs 3,500 crore for putting in additional facilities at its oilf...05 Mar, 2009, 08.23 PM IST
- BG's likely to check out of Mahanagar GasThe BG group, which is a joint venture partner with Gail India in Mahanagar Gas (MGL), is reviewing its operations in the city gas distribu...21 Sep, 2007, 11.39 AM IST
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