Web Portal to submit proposals to remain open till August 16, 2017
With the objective of nurturing the spirit of entrepreneurship among Indians as envisioned by Hon’ble Prime Minister Shri Narendra Modi, GAIL (India) Limited Chairman and Managing Director Shri B C Tripathi today launched a Start-up initiative titled ‘Pankh’ to identify and promote innovative ventures.
Oil prices extended gains on Tuesday after Saudi Arabia pledged to curb exports from next month and OPEC called on several members to boost compliance with production cuts to help rein in global oversupply and tackle flagging prices.
Global oil demand could peak as early as 2024 if there are more efficiency gains in vehicles, greater market penetration by electric cars, lower economic growth and higher fuel prices, Goldman Sachs said in a research note on refining on Monday.
Mukesh Ambani led Reliance Industries is expected to award contracts related to its planned Rs 40,000 crore investment in the KG-D6 basin by the end of the September quarter, the company told analysts.
Natural gas production during June 2017 was 6.05 per cent higher than production during June 2016. According to an official statement from the Ministry of Petroleum and Natural Gas, India’s gas production during June 2017 stood at 2,755.48 MMSCM.
The country’s crude oil output rose 0.24 per cent and natural gas production was up 4.04 per cent in the June quarter of 2017 due to a push from state-run companies like Oil and Natural Gas Corporation (ONGC) and Oil India (OIL).