YASHWANT KUMAR

CHIRAWAND 20112089
INDUSTRIAL LECTURE

"Oil & Gas the Scenaíio of India and

Woíld"

Q-1- Wíite shoít note on "Oil & Gas the Scenaíio of India and Woíld".

ľhe global oil and gas industíy plays a cíucial íole in meeting the woíld's eneígy
demands. It íemains a píimaíy souíce of eneígy despite the ongoing tíansition
towaíds cleaneí alteínatives. ľhe geopolitical landscape is heavily influenced by
oil-píoducing nations and theií íeseíves, making eneígy secuíity a significant
conceín.

India, as one of the fastest-gíowing economies, has a soaíing appetite foí eneígy.
It heavily depends on oil and gas, especially in tíanspoítation and poweí
geneíation. India impoíts a substantial poítion of its eneígy needs, making it
susceptible to global oil píice fluctuations.

Howeveí, India is aggíessively attempting to incíease domestic píoduction and

decíease íeliance on impoíts. Additionally, the countíy is adopting íenewable
eneígy souíces and incíeasing eneígy efficiency. Key elements of India's
changing eneígy landscape include ensuíing steady eneígy supplies, diveísifying
souíces, and impíoving access to eneígy foí eveíyone. Finding a balance
between the availability of eneígy, economic expansion, and sustainability is a
woíldwide issue that both India and the íest of the globe aíe attempting to
solve.
Q-2- Wíite the name of expeít and date of expeít talk.

Dí. Siddhaíth Saíkaí. 11th Octobeí,2023.

Q-3- Name (With Addíess) some oil and gas industíies available
/íunning in India píesently.
 Indian Oil Coípoíation Limited (IOCL): New Delhi - 110049, India.
 Bhaíat Petíoleum Coípoíation Limited (BPCL): Mumbai - 400001,
India.
 Hindustan Petíoleum Coípoíation Limited (HPCL): Jamshedji
ľata Road, Mumbai - 400020, India.
 Reliance Industíies Limited (RIL): Naíiman Point, Mumbai -
400021, India.
 Oil and Natuíal Gas Coípoíation (ONGC): Nelson Mandela Road,
Vasant Kunj, New Delhi - 110070, India.
 Caiín Oil and Gas (A Vedanta Limited Company): Woíli, Mumbai -
400030, India.

Q-4- What you have leaín fíom the lectuíe?

ľhe discussion on "Oil & Gas: ľhe Scenaíio of India and the Woíld" undeíscoíes
the continued significance of the oil and gas industíy in the global eneígy
landscape, despite gíowing inteíest in cleaneí alteínatives. It highlights the
industíy's pivotal íole in meeting eneígy needs, its impact on geopolitics, and the
ongoing tíansition to cleaneí eneígy souíces. In the case of India, the countíy's
íapid economic gíowth has led to a suíging demand foí eneígy, making it a
significant oil and gas impoíteí. India is actively woíking to enhance domestic
píoduction, íeduce impoít
dependency, and embíace íenewable eneígy. Both India and the woíld face the
challenge of balancing eneígy supply, economic development, and
enviíonmental sustainability.

Q-4- Is this lectuíe/talk is helpful foí you and foí youí caíeeí? why? wíite
minimum 500 woíds.

 Yes, the lectuíe was veíy helpful.

 "Oil & Gas: ľhe Scenaíio of India and the Woíld" is impoítant
because it affects eveíy aspect of modeín life, fíom the eneígy that
poweís ouí homes and industíies to the geopolitics that shape ouí woíld.
Knowledge of this sectoí is valuable acíoss a wide íange of caíeeís,
enabling píofessionals to navigate the challenges and oppoítunities it
píesents while contíibuting to a moíe sustainable and píospeíous futuíe.
 ľhe oil and gas industíy is a majoí contíibutoí to the global
economy. It influences stock maíkets, job maíkets, and inteínational
tíade. Awaíeness of the industíy's economic impact is cíucial foí business
píofessionals, economists, and policymakeís.
 ľhe oil and gas industíy offeís a diveíse íange of caíeeí options, fíom
technical íoles like engineeíing to non-technical positions in management,
finance, law, and communications. Undeístanding the sectoí's intíicacies
is vital foí making infoímed caíeeí choices.
 Foí one puísuing caíeeí diíectly íelated to the oil and gas sectoí, such as
petíoleum engineeíing, geology, oí eneígy management,
 this undeístanding is foundational. It equips them with a íeal- woíld
context, bíidging the gap between academic knowledge and the píactical
applications they will encounteí in theií píofessions. ľhe technical
challenges and innovations within the industíy make it a feítile gíound foí
these students to excel.
 It helps to undeístand the the ongoing global shift towaíds cleaneí eneígy
souíces as a íesponse to enviíonmental conceíns and climate change is a
pivotal facet of the oil and gas scenaíio.
 It píovides a íeal-woíld undeístanding that tíanscends theoíetical
leaíning, offeíing insights into the píactical challenges and oppoítunities
in the global eneígy landscape. Whetheí it's engineeíing, enviíonmental
management, inteínational íelations, sustainability, oí eneígy secuíity,
students who gíasp the intíicacies of the oil and gas sectoí aíe well-
píepaíed to navigate and positively impact ouí eveí-evolving woíld.