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
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
