Markets report on indian oil & gas outlook 2015

Markets report on Indian Oil & Gas Outlook – 2015 Marketreports on India presents the latest report on “Markets report on Indian Oil & Gas Outlook - 2015” (http://www.marketreportsonindia.com/energy-utility-market-research-reports-12340/indian-oil-gasoutlook.html). This report identify potential opportunities and risks involved in operating and investing in the market July 29, 2015, – Navi Mumbai, India: MarketreportsonIndia presents the latest report on “Markets report on Indian Oil & Gas Outlook - 2015”. Indian oil & gas sector witnessed two major developments in the form of phased diesel price de-regulation and hike in natural gas prices. Indian Oil & Gas Outlook (http://www.marketreportsonindia.com/energy-utility-market-research-reports12340/indian-oil-gas-outlook.html)India faces formidable challenges in providing sufficient energy of desired quality in desired forms in a sustainable manner at competitive or affordable prices. Yet, none of this is insurmountable. Given that India has explored only 22% of its oil and gas reserves, greater is the potential for enhancing the supply of crude and natural gas for meeting India’s Energy Security, at least in the medium term. This needs to be balanced, at the same time, through further exploration and development so that the spent reserves are adequately replaced through fresh discoveries. At present, the reserve replacement ratio is dangerously below 1 for the oil sector, though gas reserves are holding up. Upstream Indian Companies are financially sound and technically competent like any other global fi rm in this sector to achieve the increasing production targets. In 2014, Indian oil & gas sector witnessed two major developments in the form of phased diesel price deregulation and hike in natural gas prices. These two developments would have a significant impact on the revenue growth and profitability in the sector. Prices of global crude oil has declined significantly to around US$ 60/ bbl given OPEC’s (Organization of Petroleum Exporting Countries) decision to desist from production cuts and at the same time slowdown in economic growth of major economies in Europe and Asia. In 2014, Indian oil & gas sector witnessed two major developments in the form of phased diesel price de-regulation and hike in natural gas prices. These two developments would have a significant impact on the revenue growth and profitability in the sector. Since public sector companies in upstream Oil & Gas sector shoulder a higher proportion of subsidy, this reduction in under recovery would directly reduce their subsidy burden. Reduction in subsidy burden would translate into improved revenue performance for public sector companies in upstream segment. Thus a drop in crude oil prices would not be entirely negative for public segment of oil & gas upstream sector. However the scenario is different for the private sector, where the companies are not covered by subsidies. Revenue growth in private sector depends entirely on the price fluctuations of crude oil. In the event of a drop in international crude oil prices, revenue growth of private upstream companies would slowdown. “Indian Oil and Gas Outlook 2015” is a comprehensive guide to provide the current state and analysis of Indian Oil and Gas Industry. Asset by Asset details of all existing and planned projects across Indian Oil and Gas Value Chain are detailed in the report. The research work examines the existing infrastructure (oil and gas assets), market conditions, investment climate and competitive landscape of upstream,

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