Under the Production Sharing Contract, an explorer has the freedom to discover the market price by inviting bids from consumers in a transparent arms-length manner.

The blocks offered include 8 deep-sea, 7 shallow-water and 19 onland ones. The onland blocks include 8 small blocks, which need a technical qualifying criteria from firms.

The oil ministry wants fertiliser plants to buy natural gas from ONGC's C-Series field,so that fuel from RIL's KG-D6 fieldscan be given to non-core sectors.

The UK-based company has written to the oil ministry seeking approval for a stake sale in its Indian arm, a deal agreed upon with Vedanta Resources.

The country’s largest private sector company, RIL, moves heaven and earth to sell KG basin gas to the country’s largest power producer, but in vain.

We bring you the most comprehensive insider account of the latest outbreak between the feuding Ambani brothers so far, write Puja Mehra and Suman Layak.Anil's spoilers

The commencement of gas supply from RIL’s finds is set to re-energise India’s fertiliser industry, hitherto hobbled by costly feedstock and subsidies.

Life can be very different when one is trying to extract natural resources out of the sea that are buried more than 2-km below the surface. And yet somehow, they manage to serve samosas and farsan to their guests! On board RIL’s oil & gas exploration ship in the Krishna-Godavari Basin, Suman Layak returns impressed by the infrastructure and the production plans.

The swiftness and the savagery of the global downturn have caught business by surprise—the bigger the corporation, the bigger is the surprise. But few analysts expected Mukesh Ambani’s Reliance Group to be hit. After seven years of a heady upcycle, Reliance Industries finds itself hemmed in a downturn that’s perhaps the worst ever since it went public 31 years ago. Suman Layak reports.

The RIL boss voices a desire to be allowed to fuel millions of Indian homes without the fetters of court cases and government controls.