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India ready for turbulent times
The country’s energy minister explains in an exclusive interview how the country is taking a pragmatic and far-sighted approach to energy security and why he has great confidence in its oil sector
India to help Asia spearhead global refining
Shifting demand patterns leaves most populous nation primed to become downstream leader as China and the West retreat
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India’s oil demand looks to EV threat
Two wheels rather than four appear to be the biggest game-changer for India’s road oil use
Asia proves a growing draw for Gulf players
A newly formed joint venture between Saudi Aramco and Sinopec signals rising Gulf interest in the Asian market
India’s HMEL navigates clear path through market shifts
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India revamps retail fuel business
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Israel’s gas performance chafes against narrow export horizons
Israel continues to strike new oil and gas concession agreements and gas exports continue to rise, but an overreliance on Egypt remains the big concern
India’s unquenchable gas appetite
Gas use in India has seen significant growth over the past year and looks set to accelerate further, even if the government’s 2030 goal remains a stretch
Cairn sees deepwater key to boosting India’s energy security
Indian E&P company wants to take domestic production to a new horizon, given the amount of unexplored opportunities
India ONGC Cairn Energy Natural gas
TC Malhotra
New Delhi
31 October 2017
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Help arrives in India

India's government has sweetened its upstream terms, hoping to spur much more activity

India needs its own upstream to produce more energy. Companies are willing and now the government thinks it has struck a formula to spur the investment. Domestic firms still dominate. Oil and Natural Gas Corporation (ONGC), plus another government-run explorer, Oil India Limited (Oil), have been stalwarts, while private-sector firms Reliance Industries (RIL) and Cairn Energy bite at their heels. But, so far, their best efforts haven't been sufficient to keep a hefty import bill from rising still further—about four-fifths of the oil and gas India consumes is extracted abroad. The Directorate General of Hydrocarbons (DGH), the regulatory division of the Ministry of Petroleum and Natural Gas, s

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