India Expands Offshore Oil-Gas Exploration to Extended Shelf

06 Aug 2024 CW Team

India is set to expand its offshore oil and gas exploration efforts to include the extended continental shelf (ECS). This strategic move aims to tap into potential energy reserves and bolster the nation's energy security.

The Indian government has announced plans to extend exploration activities beyond the current territorial waters into the ECS, an area extending 200 nautical miles from the coast. This expansion is expected to unlock new reserves of oil and natural gas, contributing significantly to India?s energy resources.

The extension involves a comprehensive exploration program using advanced technology to assess and exploit hydrocarbon resources in these deeper waters. The initiative is part of India's broader strategy to reduce reliance on imported energy and enhance domestic production capabilities.

By exploring the ECS, India hopes to increase its energy self-sufficiency and strengthen its position in the global energy market. This move is also anticipated to attract investment in the oil and gas sector, create job opportunities, and foster economic growth.

The government is coordinating with international experts and agencies to ensure the exploration activities adhere to environmental and safety standards. This approach aims to balance resource development with the protection of marine ecosystems.

Overall, the expansion into the extended continental shelf represents a significant step in India?s quest to secure its energy future and reduce its dependency on foreign oil and gas supplies.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..