India races to exploit oilfields8 Oct 2024 17:39
As reported in Daily Telegraph this afternoon ,,, we should have done the same in North Sea instead of closing it down.
India races to exploit oilfields before world turns green
India is to ramp up the exploitation of its oil reserves before the switch to green energy curbs the market for fossil fuels, the country’s minister for petroleum and natural gas has said.
Hardeep Singh Puri told the Financial Times’ Energy Transition Summit India:
I was with Exxon yesterday. I was with BP a few days earlier. I have had meetings with Chevron ... I went to Brazil and had a discussion with Petrobras.
I said you come, join Oil India prospecting off the Andaman waters. Don’t make any investment, just come in. We will incentivise them. And if you strike oil and you are a partner, you will have first right of refusal...
At the end of the day it’s a race. If it remains there unexploited, when the [energy] transition becomes total, there is a philosophical debate on that.