India touts its upstream, again
New database is latest initiative to encourage investors
A new database on India's offshore reserves marks the latest step the country is taking to lure international companies to its upstream—part of an effort to lift domestic production to meet burgeoning demand. India will be one of the fastest-growing oil markets in the world between now and 2040, according to the International Energy Agency (IEA), and China and India together accounted for around half of the increase in global energy demand last year, reckons BP. And India's thirst for energy looks only certain to keep rising quickly. The country's GDP will grow by 7% this year and nearly 8% in 2018, predicts the OECD. The government's Make In India manufacturing programme is also continuing
Also in this section
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
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
