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
Also in this section
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
