India adopts ‘drill, baby, drill’ approach
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
While President Trump has made a strong commitment to boosting US oil production, India’s leadership has also recently taken decisive action to support its hydrocarbons sector with a regulatory framework that will encourage further investment. The shot in the arm to exploration and production in the country came by amending the Oilfields (Regulation and Development) Act, 1948, with the bill approved by the country’s upper house of parliament in December 2024. The move aims to encourage domestic production, attract foreign companies and investors to participate in E&P, and reduce India’s crude import dependence—which touched a high of 87.7% in the 2023–24 financial year, according to the
Also in this section
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
