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mumbai high field

Parliament panel questions why rising capex in oil & gas sector is not leading to higher production

NEW DELHI: A parliamentary committee has questioned whether rising capital expenditure in India’s oil and gas sector is translating into higher domestic production, noting that crude oil output has continued to decline despite a sharp increase in investments.It has asked the petroleum ministry to submit a detailed report explaining how recent exploration reforms and newly...
india oil reserves

India looking to expand strategic petroleum reserves with new facilities in MP, Rajasthan

India is bolstering its energy security by planning strategic reserves of crude oil (representative image) NEW DELHI: India is looking to expand its strategic petroleum reserves with new facilities at Bina in Madhya Pradesh and Bikaner in Rajasthan, besides adding storage capacity at Mangalore, to strengthen the country’s energy security against supply disruptions.According to a...
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