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
Oil & Gas
Bilateral Benefits: India’s international collaborations in the oil and gas sector
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 […]
Creating Capacity: Refining segment gears up for significant expansion
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. […]
Rising Demand: LNG market scenario
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 […]
New Framework: First OAL bid round receives a good response
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 […]
ONGC’s HPCL Acquisition: Creating an energy behemoth
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 […]
Revising Terms: India renegotiates LNG import agreement amid low prices
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 […]
Enthusiastic Response: DSF Round I bidding attracts huge interest
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, […]
Trends and Outlook: Increasing thrust on self-sufficiency
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 […]
Recent Developments: New initiatives to drive exploration activity
The past year has been quite eventful for the oil and gas sector. With several policy moves, the government set the stage to revive activity in the space. Indian Infrastructure briefly examines some key developments […]
Interview with A. Chakraborty: “I see India emerging as a big exploration and production space”
The Indian oil and gas sector is navigating its way through the challenging global scenario marked by low crude prices. New policies have been announced to create a business environment conducive to fresh investments. In […]
Action-backed Intent: A slew of policy measures to drive growth
As global crude prices remained benign over the past year, the government was proactive in fixing the issues that continued to impact the oil and gas sector. The past 12-18 months have been marked by […]
Looking for Black Gold: Growing focus on domestic hydrocarbon exploration
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
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
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
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. […]