{"id":621554,"date":"2023-12-07T11:45:26","date_gmt":"2023-12-07T06:15:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=621554"},"modified":"2023-12-07T11:45:26","modified_gmt":"2023-12-07T06:15:26","slug":"global-rigs-shortage-delays-indian-oil-and-gas-exploration-projects","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/global-rigs-shortage-delays-indian-oil-and-gas-exploration-projects\/","title":{"rendered":"Global rigs shortage delays Indian oil and gas exploration projects"},"content":{"rendered":"<p>A global shortage of drilling rigs is delaying India\u2019s oil and gas exploration projects at a time when the country\u2019s dependence on oil imports has grown to 87% of its consumption, up 10 percentage points in a decade, increasing its vulnerability to the volatility in the international markets.<\/p>\n<p>Indian explorers are finding it hard to source rigs, especially jack-up rigs, for their projects, as high oil prices have pushed up exploration activity globally, leaving more players fighting for fewer rigs, said government officials and industry executives.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A global shortage of drilling rigs is delaying India\u2019s oil and gas exploration projects at a time when the country\u2019s dependence on oil imports has grown to 87% of its consumption, up 10 percentage points in a decade, increasing its vulnerability to the volatility in the international markets. Indian explorers are finding it hard to source rigs, especially jack-up rigs, for their projects, as high oil prices have pushed up exploration activity globally, leaving more players fighting for fewer rigs, said government officials and industry executives.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-621554","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/621554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=621554"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/621554\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=621554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=621554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=621554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}