All content tagged with “Upstream” - 5 items
India’s offshore exploration and production sector is a strategic energy lifeline, with nearly 88% of hydrocarbon requirements met through imports, Rear Admiral Rahul Shankar said.
As energy demand rises and the transition gathers pace, the industry faces a widening skills gap — and expanding women’s participation across the value chain is emerging as a strategic lever to strengthen competitiveness, resilience and long-term growth.
Brent crude surged past $100 a barrel for the first time since 2022 as escalating conflict involving the US, Israel and Iran raised fears of global oil supply route disruptions.
India’s late 2025 and early 2026 energy dashboard show a system anchored by strong refinery operations and active fuel trade, complemented by balanced domestic and Liquified Natural Gas (LNG) gas supplies, reliable power generation with rising renewable capacity, and steady progress in grid modernisation through smart metering.
India’s upstream oil and gas sector was transformed by the Open Acreage Licensing Policy (OALP), shifting from state-controlled auctions to investor-led exploration, unlocking basins, deepwater reach, and accelerating production capabilities.