India

BMI View: India's Oil Ministry has penalised Reliance Industries for failing to meet agreed production output targets - further raising the regulatory risks for those hoping to invest... 2012-05-08

Spanish utility, Gas Natural Fenosa (GNF) is reportedly considering a bid for BG Group 's stake in Gujarat Gas. GNF is likely to be in the hunt for emerging market (EM) assets as... 2012-04-10

Reports that ONGC may be close to a joint venture agreement with ConocoPhillips is encouraging for India's upstream segment as Delhi seeks to boost output and reduce the growing import... 2012-03-30

BMI View: Although declarations by Prime Minister Manmohan Singh stating that India could hold its first shale licensing round by end-2013 conflict with previous statements that suggested... 2012-03-23

BMI View: The construction of a proposed 5mn tpa LNG import terminal in Mundra, Gujarat, will help India address its growing import requirement. If all the proposed LNG import capacity... 2012-03-19

State-run Oil and Natural Gas Corporation (ONGC) has reportedly won investments from two Middle Eastern sovereign wealth funds.

In the short term, Indian liquids output will rise but we retain a cautious outlook on the country's long-term oil production prospects, forcing up India's import dependency.

BMI View: The signing of a MoU between GAIL Gas and the government of Andhra Pradhesh highlights the opportunities that would arise from the construction of an LNG terminal on India's... 2012-01-16

BMI View: Reports that BG Group has attracted up to seven bids, both from Indian domestic firms and international operators, for the sale of its 65% stake in Gujarat Gas highlights... 2012-01-12

The Directorate-General of Hydrocarbons (DGH) has approved state-run Oil and Natural Gas Corporation (ONGC)'s declaration of commerciality (DOC) for an offshore gas find in the Krishna-Godavari... 2012-01-04