Related Articles
Forward article link
Share PDF with colleagues

India struggles to expand its upstream

The Indian government is hoping that new regulations will encourage investment in the upstream oil and gas sector to offset rising imports

Shashi Shanker, the chairman of India's state-owned Oil and Natural Gas Corporation (ONGC), says his firm is investing Rs 920bn ($14.15bn) in 35 major projects, including 14 to bring new finds to production and six to improve recovery from ageing fields. ONGC also plans to almost double its natural gas production within five years. But it has some significant hurdles to overcome. ONGC is the country's biggest gas producer, accounting for nearly 80% of the 70m cubic metres a day current output, and almost 70% of oil production coming from mature fields. The state company had targeted output of 22.73m tonnes (179.57m barrels) of crude oil in 2015-16, but managed only 22.37m. The company's oil

Also in this section
UK's unclear post-Brexit emissions strategy
23 March 2018
The shape of future EU carbon trading hangs in the balance
North Sea oil and gas bounce may be short-lived
22 March 2018
The UK oil industry’s trade body is cautious over prospects for the maturing oil province
Qatar keeps on keeping on
21 March 2018
With the energy sector operating normally, the country is adjusting to life under sanctions