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
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls
28 April 2026
Datacentres will guzzle power at a ferocious rate, but the impact on wider energy markets will be far more complex than previously thought
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security
