Oil & Gas

Natural gas and renewables have gained significant traction as alternative sources of energy in the past few years. Countries have made a concerted effort to increase the share of these alternative sources in their primary […]

Over the past year, the global liquefied natural gas (LNG) market has witnessed several key developments, such as rising LNG production, enhanced export capacities and unstable gas prices. Global LNG supply increased by about 26 […]

The current demand for oil and gas in the country outstrips supply by a wide margin. To bridge this gap between demand and supply, India has resorted to importing crude oil. In 2017-18, over 45 […]

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 […]

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 […]

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 […]

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 […]