| Gas row: RIL says RNRL can't trade in gas | 11-NOV-09 |
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| Mukesh Ambani's Reliance Industries (RIL) today told the Supreme Court that the demerger scheme worked out with his brother Anil Ambani was categorical that the gas supplies from the KG Basin to his group was not for trading and meant for promoting power generation plant. |
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| RNRL affidavit again attacks RIL, ministry | 11-NOV-09 |
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| Anil Ambani-controlled Reliance Natural Resources Ltd (RNRL) today renewed its attack in the Supreme Court on the Ministry of Petroleum and Natural Gas and Mukesh Ambani-controlled Reliance Industries Ltd (RIL) on the gas supply dispute. It called the government’s stand “dishonest and collusive”. |
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| Govt okays $1.6 bn FDP for GSPC's KG basin | 10-NOV-09 |
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| The central government has approved $1.6-billion field development plan (FDP) for Gujarat State Petroluem Corporation's (GSPC) Deendayal west block in the Krishna-Godavari basin. |
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| CBI likely to seek govt nod for Sibal probe | 05-NOV-09 |
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| Accusing V K Sibal of having a ‘nexus’ with private parties when he headed the upstream oil regulator, the Directorate General of Hydrocarbons (DGH), the Central Bureau of Investigation (CBI) has decided to seek government permission to probe his actions. |
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| Rethinking regulators | 03-NOV-09 |
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| The government’s decision not to extend the tenure of VK Sibal as Director General of the Directorate General of Hydrocarbons (DGH) brings to an end yet another saga of controversy surrounding the office of a sectoral regulator. Whatever the merits of the criticism of Mr Sibal’s various decisions, and a new regulator may choose to reflect on some of these, there is certainly a case for the government to take a relook at the procedure that allows two of the four member-team that clears an operator’s capex to be from the operator’s firm itself — the other two are from the DGH and the petroleum ministry. There are larger issues that arise from Mr Sibal’s departure. The most important being the limited set from which governments tend to pick persons for such jobs. It is a sad commentary on the institution that so many of our regulators are retired civil servants. |
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| Latha Jishnu: Hole in the gas pipeline | 31-OCT-09 |
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| Members of the Petroleum and Natural Gas Regulatory Board (PNGRB) describe themselves as the twice-born. The board came into existence on June 25, 2007, but could not function because the government had failed to notify the PNGRB Act which gives the regulatory body its legitimacy. So the board was renotified on October 1 after the government had tidied up its legal housekeeping. But unlike the twice-born Brahmins, the board has found itself cast in the role of untouchables on all crucial regulatory issues. |
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| Gas supply to NTPC from KG basin to start soon | 27-OCT-09 |
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| More than a month after it signed the contract for buying gas from Reliance Industries, state power utility NTPC is likely to finally begin drawing the fuel from KG basin field from this week. |
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| GSPC gets relief from HC in tax plea | 17-OCT-09 |
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| The Gujarat High Court has granted interim relief to state-owned Gujarat State Petroleum Corporation (GSPC) in a petition filed by the company challenging the constitutional validity of an amendment to the Income Tax Act in the Finance Act, 2009 (giving effect to the Union Budget). |
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| 'There is a campaign to kill DGH as an institution' | 15-OCT-09 |
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| The battle between the two Ambani brothers over gas supplies from the Krishna-Godavari basin off the Andhra Pradesh coast has spilled over into the petroleum ministry, with the Director General Hydrocarbons (DGH) V K Sibal coming under direct attack for allegedly favouring Mukesh Ambani’s Reliance Industries Ltd (RIL). In a free-wheeling interview with Jyoti Mukul, Sibal makes a case for his innocence and blames the media campaign by the Anil Ambani group for the current controversy. |
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| RIL threatens to pull out of exploration | 07-OCT-09 |
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| Reliance Industries has threatened to stop oil and gas exploration if it is not granted the promised drilling moratorium to cover for the acute shortage of rigs. |
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| Bettering Bombay High | 21-SEP-09 |
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| The real story about the Krishna-Godavari basin is not the spat between the Ambani brothers and the companies that they run, but what the gas discoveries there mean for the country’s energy scenario. This is a question that goes beyond the initial question of improving energy security by raising the level of energy self-sufficiency. The director-general of hydrocarbons, VK Sibal, has been reported as saying that the gas output from the field, being managed off the coast of Andhra Pradesh by Reliance Industries, could be nearly four times the levels committed by the company so far, namely 80 million metric standard cubic metres per day (mmscmd); the current level of production is about 36 mmscmd. If indeed it is true that output could nearly quadruple, to about 300 mmscmd, the enormous significance of that figure needs to be understood. |
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| RIL's gas output may be 4 times the estimate | 21-SEP-09 |
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| The D-6 fields of Reliance Industries in the Krishna-Godavari (KG) Basin have the potential to produce gas that is over four times the estimated peak output of 80 million cubic metres a day (mmscmd). |
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