India’s oil and gas (O&G) sector is at a critical juncture, navigating the dual imperatives of energy security and sustainable growth. As one of the world’s fastest growing economies and the third-largest oil consumer, India’s […]
The demand for oil and gas in India currently exceeds the supply by a huge margin. To bridge this gap between demand and supply, India has resorted to importing oil and gas. To this end, […]
The coal bed methane (CBM) industry is poised for significant growth supported by strong policy support and pricing freedom. The cabinet recently issued a notification which allowed Coal India Limited (CIL) and its subsidiaries to […]
Energy security is high on the agenda of the central government. As the country’s energy mix is weighted heavily towards coal, the government has been actively promoting a shift towards more sustainable sources such as […]
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, […]
Domestic gas supply, which had been increasing since 2008-09, peaked in 2010-11 with the Krishna-Godavari (KG)-D6 basin starting production. However, supply fell in the following two years as production from KG-D6 dropped below anticipated levels. […]
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. […]
The hydrocarbons sector in the country follows a dual pricing strategy comprising regulated pricing as well as market-based mechanisms. […]
Burgeoning population levels and the attempt by policymakers to boost industrial production have led to an escalation in the country’s demand for energy. […]
The existing policy framework which governs the exploration and production (E&P) activities in the hydrocarbons sector is stymied by a number of flaws. […]
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