Oil and gas news in India

Revising Terms: India renegotiates LNG import agreement amid low prices

October 31, 2017

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 […]

Key Statistics: LNG consumption, production and imports

October 31, 2017

Enthusiastic Response: DSF Round I bidding attracts huge interest

September 28, 2017

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, […]

Key Statistics: List of successful bidders under Discovered Small Field Bid Round 1

September 27, 2017

Trends and Outlook: Increasing thrust on self-sufficiency

August 7, 2017

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

August 7, 2017

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”

August 7, 2017

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

August 7, 2017

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 […]

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 […]

Key Statistics: Oil and gas production

November 8, 2016

Key Statistics: Sales of petroleum products

November 8, 2016

Capacity Constraints: Ratnagiri project aimed at increasing refining volumes

October 27, 2016

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. […]