http://www.worldoil.com WorldOil India plans larger oil auctions as Modi pursues import cuts http://www.worldoil.com/news/2017/9/14/india-plans-larger-oil-auctions-as-modi-pursues-import-cuts India will offer larger areas with higher oil and natural gas reserves in the next auction of discovered fields later this year as Prime Minister Narendra Modi’s government seeks to curtail rising crude oil imports. Flood-hit India's oil demand falls the most in 14 years http://www.worldoil.com/news/2017/9/12/flood-hit-indias-oil-demand-falls-the-most-in-14-years India’s oil consumption in August shrank 6.1%, the most since April 2003, as floods ravaged several parts of the country curbing demand for diesel and gasoline. India swaps cheaper LNG for more volume in second reworked deal with Exxon http://www.worldoil.com/news/2017/9/11/india-swaps-cheaper-lng-for-more-volume-in-second-reworked-deal-with-exxon Petronet LNG Ltd. has reached an agreement to rework a liquefied natural gas supply agreement with ExxonMobil Corp., the second such renegotiation by the Indian company for gas supplies after reaching a similar deal with Qatar. BP, Reliance close in on India gas field near missile site http://www.worldoil.com/news/2017/9/8/bp-reliance-close-in-on-india-gas-field-near-missile-site Billionaire Mukesh Ambani’s Reliance Industries Ltd. and its partner BP Plc are reviving investment plans for a gas block close to a military missile launching facility in the Bay of Bengal. Core analysis and review confirms Cambay potential in India http://www.worldoil.com/news/2017/8/24/core-analysis-and-review-confirms-cambay-potential-in-india Oilex Ltd. is pleased to announce that the C-23z core analysis has been completed. The analysis, by Schlumberger and Baker Hughes has confirmed that the EP-IV tight siltstones at Cambay can be effectively stimulated, and that commercial gas flowrates are potentially achievable. India approves creation of state oil giant in $4.6-billion deal http://www.worldoil.com/news/2017/7/19/india-approves-creation-of-state-oil-giant-in-46-billion-deal India approved the sale of a $4.6 billion stake in state-run refiner Hindustan Petroleum Corp. to the country’s biggest oil and gas explorer, according to a person with knowledge of the decision. Xodus wins subsurface contract with Cairn Oil and Gas in India http://www.worldoil.com/news/2017/7/14/xodus-wins-subsurface-contract-with-cairn-oil-and-gas-in-india Xodus Group has won a contract with Cairn Oil and Gas of Vedanta Ltd. to conduct exploration and appraisal work on its Rajasthan block in northwest India over the next two years. India wants $300 billion in oil spending to meet growing demand http://www.worldoil.com/news/2017/7/12/india-wants-300-billion-in-oil-spending-to-meet-growing-demand India wants $300 billion in investments over the next 10 years to satisfy accelerating demand in the world’s fastest-growing oil market. India gives Iran $11-billion "best offer" on Farzad-B field http://www.worldoil.com/news/2017/7/3/india-gives-iran-11-billion-best-offer-on-farzad-b-field An Indian consortium is willing to spend as much as $11 billion to develop a giant Iranian natural gas field and build the infrastructure to export the fuel as long as the Persian Gulf nation guarantees a “reasonable return” on the project, according to the company leading the group. LNG price row between India, U.S. crimps Trump's export plans http://www.worldoil.com/news/2017/6/30/lng-price-row-between-india-us-crimps-trumps-export-plans India's biggest importer of U.S. liquefied natural gas (LNG) is trying to re-negotiate prices with the U.S. seller, sources said, undermining plans by U.S. President Donald Trump to export more gas to the fast-growing Asian nation.