Prachur Sah sees an opportunity unfolding for midsized oil and gas players and national oil companies as energy transition gathers pace and international energy companies rework their portfolios.

Sah, deputy chief executive of India’s Cairn Oil & Gas, a subsidiary of the Vedanta group, foresees midsized and national players becoming more prominent over the years as international giants such as BP, Shell and others rebalance existing assets and tread cautiously with oil and gas expansion plans.