India Seeks USD 100 bn Investment in Energy Exploration
ECONOMY & POLICY

India Seeks USD 100 bn Investment in Energy Exploration

India aims to attract USD 100 bn in upstream investment and expand exploration acreage to one million sq km by 2030, a senior hydrocarbons official said at CERAWeek in Houston.

Director General of Hydrocarbons Srikant Nagulapalli outlined policy reforms, enhanced data access and exploration opportunities intended to draw international capital and presented a roadmap for large scale investment while acknowledging complex global energy transition dynamics.

Speakers positioned India as a major destination for global capital and set out the USD 100 bn target for upstream investment. India's Consul General in Houston said the initiative reflects a growing strategic convergence in India–US energy cooperation and emphasised the creation of a competitive, investor friendly ecosystem linking American technology with Indian resources.

Nagulapalli said output from current levels of about 29 million tonnes (29 mn t) of oil and over 36 billion cubic metres (36 bn cubic metres) of gas annually must rise through improved reservoir management and focus on deepwater exploration. Officials highlighted the National Data Repository and a node at the University of Houston that allows companies to access geological and seismic datasets locally, lowering entry barriers. They also noted Open Acreage Licensing Policy bid rounds offering blocks with marketing and pricing freedom and recent policy changes to enhance operational flexibility and fiscal stability.

The conference drew policymakers, operators and executives who discussed energy security, supply risks and rising demand driven by urbanisation, industrial growth and new load centres such as artificial intelligence and data centres. Participants flagged a structural rise in demand and the reconfiguration of global liquefied natural gas markets alongside a surge in electricity demand with implications for import dependent economies such as India. Climate protests outside the venue underscored tensions over continued fossil fuel investment and participants said competing priorities of energy security, economic growth and climate commitments will shape the global outlook.

India aims to attract USD 100 bn in upstream investment and expand exploration acreage to one million sq km by 2030, a senior hydrocarbons official said at CERAWeek in Houston. Director General of Hydrocarbons Srikant Nagulapalli outlined policy reforms, enhanced data access and exploration opportunities intended to draw international capital and presented a roadmap for large scale investment while acknowledging complex global energy transition dynamics. Speakers positioned India as a major destination for global capital and set out the USD 100 bn target for upstream investment. India's Consul General in Houston said the initiative reflects a growing strategic convergence in India–US energy cooperation and emphasised the creation of a competitive, investor friendly ecosystem linking American technology with Indian resources. Nagulapalli said output from current levels of about 29 million tonnes (29 mn t) of oil and over 36 billion cubic metres (36 bn cubic metres) of gas annually must rise through improved reservoir management and focus on deepwater exploration. Officials highlighted the National Data Repository and a node at the University of Houston that allows companies to access geological and seismic datasets locally, lowering entry barriers. They also noted Open Acreage Licensing Policy bid rounds offering blocks with marketing and pricing freedom and recent policy changes to enhance operational flexibility and fiscal stability. The conference drew policymakers, operators and executives who discussed energy security, supply risks and rising demand driven by urbanisation, industrial growth and new load centres such as artificial intelligence and data centres. Participants flagged a structural rise in demand and the reconfiguration of global liquefied natural gas markets alongside a surge in electricity demand with implications for import dependent economies such as India. Climate protests outside the venue underscored tensions over continued fossil fuel investment and participants said competing priorities of energy security, economic growth and climate commitments will shape the global outlook.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code