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
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.
