Oil and gas news in India

Looking for Black Gold: Growing focus on domestic hydrocarbon exploration

June 4, 2017

Today, the story of the global oil and gas industry vis-à-vis India’s is a paradoxical one. Amidst dwindling demand and robust supplies, the international hydrocarbon industry is throwing up difficult economic choices for each country, […]

Race Against Time: Leapfrogging from B-IV to BS-VI emission norms

May 6, 2017

As the world is waking up to the harsh realities of climate change, radical policies are being formulated. The situation in India is no different. After the commitment made at the Conference of Parties (COP) […]

Behemoth Benefits?: Implications of the proposed merger of oil PSUs

April 1, 2017

The proposal to merge state-owned oil and gas public sector units (PSUs), which was first mooted 12 years ago, has caught the interest of the government once more, following its mention in Union Budget 2017-18. […]

Need for Clarity: Grey areas in GST implementation in oil and gas sector

February 6, 2017

The goods and services tax (GST) that was conceptualised 16 years ago is finally taking shape and is likely to be implemented soon, marking the beginning of a new era in indirect taxation in India. […]

Expansion Plans: Oil refining segment set to grow on the back of export opportunities

January 10, 2017

India is one the few countries in the world, along with the US and South Korea, that have a heavy dependence on crude oil imports, while also being a significant exporter of refined products. At […]

Gaining a Foothold: Essar-Rosneft deal gives Russia access to new markets

November 8, 2016

The present global scenario marked by low crude oil prices has led major oil and gas producing countries to aggressively scout around for overseas markets. India, with its growing energy needs, has thus ranked high […]

India’s high dependence on crude imports is well known. However, the country is among the key exporters of refined petroleum products globally. With domestic crude oil production at 900,000 barrels per day (bpd), far less […]

Domestic Focus: Government auctions DSFs to increase production

September 17, 2016

India is the fourth largest consumer of oil and petroleum products in the world. Unfortunately, the country’s import reliance for these resources has been high and this has been a constant cause for concern for the government. […]

Dr J.N. Singh: “We cannot emphasise enough the importance of energy security, particularly that of gas”

August 12, 2016

The Gujarat State Petroleum Corporation (GSPC) is a diversified oil and gas company that operates in the upstream, midstream as well as downstream segments directly or through its subsidiaries. GSPC’s operations are spread across the […]

Trends and Outlook: Declining global crude prices but domestic production needs attention

August 1, 2016

The past year, marked by declining international crude prices, has been a blessing for net energy importing countries such as India. […]

Recent Developments: HELP expected to have positive impact

August 1, 2016

The year 2015-16 has been an important one for India’s oil and gas industry. […]

Setting the Stage: Policy measures to drive growth

August 1, 2016

Plummeting crude oil prices over the past year have been a big positive for the import-reliant Indian economy. The scenario not only softened oil and gas import bills for the country, but also provided a […]

Key Statistics: Production and refining capacity

August 1, 2016

Key Statistics: Existing infrastructure

August 1, 2016

Overview: New policies to give impetus to the sector

July 1, 2016

The current oil and gas demand in the country outstrips supply by a wide margin, thus making a strong case for investment in exploration and production (E&P) as well as in infrastructure for transmission and distribution. […]

Policy Promise: HELP to ensure transparency in awarding blocks and speedy project implementation

July 1, 2016

The government is all set to increase exploration activity and accelerate the development of oil and gas fields in the country through favourable policies and reforms in the exploration and production (E&P) of hydrocarbons. […]

Need to Augment Output: Trends in oil and gas production

July 1, 2016

India’s demand for oil and gas is only partly met by domestic production. The country imports over 75 per cent of its crude oil requirement and 35-40 per cent of its gas needs. […]

LNG Uptake: Importers take advantage of easing prices

July 1, 2016

Gas is increasingly gaining share in India’s energy basket. Currently, the resource accounts for about 8 per cent of the country’s overall energy mix. […]