India seeks global oil firms for deepwater exploration, but a tax hike could derail efforts as production declines.
It's one step forward and two steps back for the Indian upstream. Just weeks after announcing the biggest ever overhaul of its E&P regime and calls for increased deepwater drilling to bolster energy security, the Indian government has hiked taxes on oil-field services and equipment.
Exxon Mobil, Chevron, TotalEnergies and BP may bid with India's ONGC and Oil India under the country's new, liberalized…
OMCs' production costs have "gone through the roof in the past month", Petroleum Minister Hardeep Singh Puri said last month…
India increases export duties on diesel and aviation fuel to enhance domestic supply amid rising global oil prices.
India takes a huge tax revenue hit as it cuts fuel excise duties to shield consumers from soaring oil prices caused by the Iran…
U.S. pushes energy sales to energy‑starved India, but higher costs, refinery mismatches, and tight supply pose risks.
The agency's latest report on oil and gas field decline rates raises questions about whether upstream investment levels are…
