The Oil & Gas section covers the key trends and developments in the oil and natural gas segments; recent policy developments; update on Discovered Small Fields, CGD bidding rounds, NELP rounds, etc.
Ministry of Petroleum and Natural Gas, natural gas, crude oil production, consumption, DGH, PNGRB, NELP, HELP, OALP, sedimentary basin, Discovered Small Fields, LNG, R-LNG, LNG imports
The Indian oil and gas sector has come a long way from being a newly liberalised market in the mid-1990s to becoming one of the key industries in the country and a major refinery hub […]
In the past year or so, the Ministry of Petroleum and Natural Gas (MoPNG) has introduced a number of policies and reforms aimed at increasing domestic output. Approved by the government in September 2015, the […]
The state of Gujarat has always played an important role in the gas sector. Gujarat’s transmission pipeline infrastructure is the most extensive in the country. It also has the largest city gas distribution network in […]
In order to achieve long-term energy supply goals, the Indian government has renewed its emphasis on affordability, sustainability, lower emissions and security of energy, drawing attention towards renewable energy sources and natural gas. The government, […]
Gokul Chaudhri, Partner, Deloitte Touche Tohmatsu India LLP E&P of hydrocarbons: The evolving landscape in India During its 20-year journey, Indian Infrastructure has been witness to several milestones that define the evolution of the upstream […]
Production for crude oil and natural gas started to decline after 2011-12 due to a significant fall in production from the Krishna Godavari basin Consumption of crude oil in India has shown a constant increase […]
India’s import dependency on crude oil has constantly increased and was reported at 82.8 per cent in 2017-18. LNG imports have also shown a continuous growth and were 45 per cent of the total natural […]
The coal bed methane (CBM) industry is poised for significant growth supported by strong policy support and pricing freedom. The cabinet recently issued a notification which allowed Coal India Limited (CIL) and its subsidiaries to […]
With the aim of providing liquefied petroleum gas (LPG) connections to 80 million below poverty line (BPL) households, the central government launched the Pradhan Mantri Ujjwala Yojana (PMUY) in May 2016. The scheme, which is […]
With the economy expanding at a rapid pace, the demand for energy has shown a significant increase, catapulting India to the position of the third largest energy consumer in the world after China and the […]
According to the Ministry of Petroleum and Natural Gas (MoPNG), India will need crude oil refining capacity of 439 million tonnes per annum (mtpa) by 2030 and 533 mtpa by 2040 to meet domestic demand. […]
The share of natural gas in India’s energy mix is likely to move closer to the target of 15 per cent from the current 7 per cent, as policy initiatives translate into progress on the […]
The introduction of the Open Acreage Licensing Policy (OALP) has been one of the biggest policy developments in the oil and gas sector in the past year. Introduced in July 2017, this new policy replaces […]
A merger of the existing 11 government-owned oil companies was proposed by the Ministry of Finance in Union Budget 2017-18. In the budget speech, the ministry proposed the creation of an integrated public sector oil […]
In the wake of a global supply glut of liquefied natural gas (LNG) and the resulting low crude prices, in September 2017, Petronet LNG, India’s leading gas importer, successfully negotiated a price cut for long-term […]
The consumption of petroleum products has grown incrementally in India with domestic production failing to keep pace with demand. This has led to a massive spike in imports. Taking cognisance of the very high import dependence, […]
India’s oil and gas sector is at a crucial juncture at present. This is owing to a number of factors such as the introduction of key (long- awaited) policies, changing supply dynamics, government plans to […]
