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NEC 25 BLOCK
BP bets on NEC-25 for gas surge, credits PM Modi's reformsBP Plc is targeting increased natural gas production in India, spurred by recent government reforms. The company, in partnership with Relia...- RIL, BP get nod to acquire Niko’s 10% stake in gas blockGas discoveries in North-East Coast block NEC-0SN-97/1 (NEC-25) hold recoverable reserves of 1.032 trillion cubic feet.
- RIL, BP to acquire Niko's 10% stake in gas blockRIL is the operator of the block with 60 per cent interest while BP of the UK has the remaining 30 per cent stake.
- Cash-starved Niko to give stake in NEC-25 gas block to RIL, BP"The company elected to withdraw from the NEC-25 block and relinquish its interest to the remaining interest holders," Niko said.
- RIL successfully tests presence of natural gas in contentious discoveriesRIL last week completed Drill Stem Test (DST) on the Dhirubhai-29 (D-29) gas discovery that established presence of hydrocarbon, sources sa...
- Reliance Industries to relinquish two gas discoveries off east coastCCEA had in April approved a policy to allow operators to develop a dozen contentious natural gas discoveries worth about Rs 1 lakh crore a...
- RIL to relinquish 2 gas finds, carry out Drill Stem Test on 3 other discoveriesRIL did not inform the government of its stand on its sixth discovery, D-42 in KG D6 block, which may therefore be automatically relinquish...
- Oil Ministry forms panel to codify discovery-recognition normsThe Oil Ministry issued an order on December 27 forming a 'Standing Committee on Petroleum Industry Practices' under the DGH.
- DGH refuses to approve RIL's $3.5 billion plan for NEC-25DGH has refused to approve Reliance Industries' USD 3.5 billion plan for developing gas discoveries in block NEC-25, off the Odisha coast.
- Cairn says KG block operationally infeasibleCairn India has told the Oil Ministry that a large part of its KG basin block has become operationally infeasible because of new limitation...
- CCI clears RIL's block for oil, gas productionCCI on Wednesday cleared Reliance Industries' producing KG-D6 block and gas discovery area NEC-25.
- Defence Ministry clears oil blocks of RIL, othersRIL's KG-D6 was fully cleared for oil and gas activity with the total area of 7,645 square kilometre reduced by 495 sq km to meet defence n...
- RIL slips lowest in 10 days on KG-D6 ‘No-Go’ area woesAfter gaining nearly eight per cent so far in the year 2013 on better than expected results for Q3FY13, the stock slipped the most in ten d...
- Defence Ministry classifies RIL's KG-D6 block as "No-Go" areaRIL-BP's KG-DWN-98/3 or KG-D6 block has been declared as "No-Go" as it overlaps with a proposed Naval base.
- BP seeks clarity on natural gas pricingBP and Reliance Industries have gas discoveries totalling around 5 trillion cubic feet in the now flagging KG-D6 block and NEC-25 block in ...
- Only 21 Reliance Industries' blocks may get unconditional nod for stake saleMore than four months after UK's BP agreed to buy stake in 23 oil and gas blocks of RIL, the Govt may next week give approval for stake sal...
- RIL discovers gas in Mahanadi basin blockReliance Industries has found natural gas reserves in a well drilled on its NEC-25 block in Mahanadi basin, off the Orissa coast, the compa...
- Reliance to invest $1.14 bn in Orissa gas findsReliance Industries will invest $1.139 billion in putting to production the gas fields it has discovered off the east coast, says a DGH off...
- RIL has another gas bounty waitingMukesh Ambani has more reason for cheer. After the 11.3 trillion cubic feet (tcf) gas discovery in the Krishna-Godavari basin, which is Ind...
- Reliance gas reserves double to 34.5 tcfNatural gas reserves in Reliance Industries' prolific D6 block off the east coast have nearly doubled to 35.4 trillion cubic feet, making i...
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