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. […]
With the economy set to grow at an average rate of about 8 per cent in the next couple of years, demand for gas will continue unabated. According to estimates by ICRA, gas demand will […]
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, […]
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. […]
With the country’s rich history of energy exploration, the first pipeline to be commissioned, as early as 1962, was the 1,167 km Naharkatia-Nunmati-Barauni crude oil pipeline. Today, the operational natural gas pipeline network is 16,121 […]
Countries across the globe are focusing on developing smart and efficient infrastructure, and India is no exception. A significant contributor to this has been technological innovations that have succeeded in bringing products, projects and best […]
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 year 2015-16 has been an important one for India’s oil and gas industry. […]
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. […]
Burgeoning population levels and the attempt by policymakers to boost industrial production have led to an escalation in the country’s demand for energy. […]
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