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
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, […]
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) […]
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. […]
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. […]
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 […]
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 […]
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. […]
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 […]
The past year, marked by declining international crude prices, has been a blessing for net energy importing countries such as India. […]
The year 2015-16 has been an important one for India’s oil and gas industry. […]
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 […]
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. […]
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. […]
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. […]
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