India eyes major oil discovery in Andaman Sea, says Union Minister Hardeep Singh Puri
New Delhi: Union Minister for Petroleum and Natural Gas Hardeep Singh Puri has indicated that India could soon witness a significant oil discovery in the Andaman Sea. In an interview published by The New Indian, Puri informed about the government’s ongoing efforts to boost domestic oil and gas exploration which is backed by regulatory reforms and growing investment across India’s energy sector.
He traced this momentum to policy changes that began in 2016 and under the Open Acreage Licensing Policy (OALP), India has unlocked new sedimentary basins for exploration. Puri noted that out of India’s 3.5 million square kilometres of sedimentary basins, nearly 1 million square kilometres have been opened for bidding. In OALP Round 9, close to 38% of the bids targeted these newly opened areas and the minister expects that share to grow to 80% in the next round. The latest auction, covering 250,000 square kilometres, is India’s largest to date.
Puri cited Guyana’s experience where ExxonMobil struck oil after drilling over 40 wells, each costing around $100 million. He pointed to ONGC’s drilling activity in 2023-24 as a sign of India’s growing seriousness. “ONGC this year has dug the maximum number of wells. Highest in 37 years,” he said. In financial year 2024, ONGC drilled 541 wells, including 103 exploratory and 438 development wells and ₹37,000 crore was the capital expenditure.
The minister said “Now things are changing, and I’m very confident that we’ll find many more oil fields. Very very quickly,” he said.
Turning to recent legislative reforms, Puri discussed the Oil Fields Regulation and Development Amendment Bill introduced this year. The bill replaces outdated regulations dating back to 1948, which previously covered multiple resource sectors, including coal, minerals and petroleum, often causing regulatory ambiguity. He said “It(the bill) rectifies that. It helps to solve the problems and also achieves the goals for those private companies in terms of no objection certificates, which they could not earlier. The bill has been brought after large-scale interaction with industry players… The rules and regulations that we are implementing under that are also subject to public consultation.”
Puri expressed confidence that these policy changes, combined with potential discoveries, could fuel rapid economic growth. “Apart from these little discoveries which are coming, which could turn out to be very big also, that we find Guyana and then you will go from a $3.7 trillion economy to a $20 trillion economy straight away.”
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Trump administration says its war in Iran has been 'terminated' before 60-day deadline
Washington (AP): The Trump administration is arguing that the war in Iran has already ended because of the ceasefire that began in early April, an interpretation that would allow the White House to avoid the need to seek congressional approval.
The statement furthers an argument laid out by Defense Secretary Pete Hegseth during testimony in the Senate earlier Thursday, when he said the ceasefire effectively paused the war. Under that rationale, the administration has not yet met the requirement mandated by a 1973 law to seek formal approval from Congress for military action that extends beyond 60 days.
A senior administration official, who spoke on condition of anonymity to discuss the administration's position, said for purposes of that law, “the hostilities that began on Saturday, Feb 28 have terminated.” The official said the US military and Iran have not exchanged fire since the two-week ceasefire that began April 7.
While the ceasefire has since been extended, Iran maintains its chokehold on the Strait of Hormuz, and the US Navy is maintaining a blockade to prevent Iran's oil tankers from getting out to sea.
Under the War Powers Resolution, the law that sought to constrain a president's military powers, President Donald Trump had until Friday to seek congressional authorisation or cease fighting. The law also allows an administration to extend that deadline by 30 days.
Democrats have pushed the administration for formal approval of the Iran war, and the 60-day mark would likely have been a turning point for a swath of Republican lawmakers who backed temporary action against Tehran but insisted on congressional input for something longer.
“That deadline is not a suggestion; it is a requirement,” said Sen Susan Collins, R-Maine, who voted Thursday in favour of a measure that would end military action in Iran since Congress hadn't given its approval. She added that “further military action against Iran must have a clear mission, achievable goals, and a defined strategy for bringing the conflict to a close."
Richard Goldberg, who served as director for countering Iranian weapons of mass destruction for the National Security Council during Trump's first term, said he has recommended to administration officials to simply transition to a new operation, which he suggested could be called “Epic Passage,” a sequel to Operation Epic Fury.
That new mission, he said, “would inherently be a mission of self-defence focused on reopening the strait while reserving the right to offensive action in support of restoring freedom of navigation.”
“That to me solves it all,” added Goldberg, who is now a senior adviser at the Foundation for Defense of Democracies, a hawkish Washington think tank.
During testimony before the Senate Armed Services Committee on Thursday, Hegseth said it was the administration's “understanding” that the 60-day clock was on pause while the two countries were in a ceasefire.
Katherine Yon Ebright, counsel at the Brennan Center's Liberty and National Security Program and an expert on war powers, said that interpretation would be a “sizeable extension of previous legal gamesmanship” related to the 1973 law.
“To be very, very clear and unambiguous, nothing in the text or design of the War Powers Resolution suggests that the 60-day clock can be paused or terminated,” she said.
Other presidents have argued that the military action they've taken was not intense enough or was too intermittent to qualify under the War Powers Resolution. But Trump's war in Iran would certainly not be such a case, Ebright said, adding that lawmakers need to push back against the administration on that kind of argument.
