Abstract
Purpose: The petroleum industry is one of the India's core industries, and it has a significant impact on decision-making in the critical sectors of the India’s economy. Oil and Natural Gas Industries occupies the core in the world’s energy market. These enterprises assumes a significant part in each nation's economy and monetary development of India is firmly connected with its energy interest. Investment in this industry is continuously increasing as the energy demand is also continuously increasing in India. This paper will discuss and analyze about the Oil and Gas Industries of India related to multiple factors impacting these industries which includes technological trends, innovations, corporate social responsibility, research and development, Covid-19 impact and its related economic impact. Design/Methodology/Approach: Oil and Gas Industries are chosen and in depth analysis done by getting data from websites, journal, articles and blogs. Focused on Industry related objects, studied, evaluated and compared various points related to oil and gas industries. Findings/Result: Oil and Gas Industries are analyzed by understanding and studying the different aspects of these industries. Indian monetary development is additionally affected due to these businesses. Alternatives to Oil and Natural Gas, technological innovations and research and development as recommendations are also discussed and suggested. Originality/Value: Oil and Gas Industries data from different sources studied and documented. Paper Type: Case study analysis.
Highlights
The country's first oil resources were discovered during 1889 near the city of Digboi in Assam
OIL AND GAS INDUSTRY TYPES : Petroleum is classified as a fossil fuel and it can be extracted in two forms which are liquid and vapor
6.3 Downstream: Downstream is the last stage in the production process where flammable gas and unrefined petroleum are refined and items are brought to clients and end clients
Summary
How innovation and R&D happen in the upstream oil & gas industry: Insights from a global survey. J. (2020) [4] Perrons, R.
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