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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
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
Integrated refining and petrochemicals company highlights strategic flexibility amid trade war risks and long-term planning to futureproof business, says CEO Prabh Das
India revamps retail fuel business
The country is seeing a notable increase in petroleum product retail outlets, with private operators gaining market share
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
Oil and gas industry beats demand drum
Bearish market sentiment and bullish long-term outlook for oil and gas consumption prevails at CERAWeek
India struggles with SPR expansion
Plans to boost capacity have seen little progress as the country lags behind other major oil consumers and importers
Cairn’s parent company, Vedanta, is entangled in a legal battle with MOPNG in the Indian Supreme Court
India Cairn India
Yogender Malik
17 November 2022
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Cairn renews Barmer block PSC

Much-needed private capital for the upstream is closer to being unlocked, but legal uncertainties remain

Privately held Indian E&P firm Cairn Oil & Gas renewed a ten-year PSC with India’s Ministry of Petroleum and Natural Gas (MOPNG) for the Barmer oil block in the late October, de-risking a significant plank of the company’s planned $5bn investment programme in the country’s struggling upstream oil sector. The new contract will run until 2030, the initial licence to explore and produce oil and gas from the block having expired in May 2020.  Increased contribution from private sector oil and gas producers to India’s crude output would be a much-needed fillip for the upstream sector. The share of India’s crude output delivered by private companies has been in long-term decline. Private/j

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