The Indian Railways has been focusing much on improving services. This time, its eyes are on the dismal state of toilets and facilities for the differently-abled. In fact, it is designing an entirely new toilet system, to be launched on the E5 Shinkansen series bullet trains. Read More… Credits : Energy World
India holds a strong potential towards emerging as an important petroleum hub for manufacturing and services : CMD, ONGC, D K Sarraf
India holds a strong potential to emerge as a petroleum hub for manufacturing and services. ONGC CMD D K Sarraf is quiet optimistic that leading services players like Schlumberger, Halliburton, Baker Hughes and the likes may soon look at setting up manufacturing bases in India to cater to both the domestic and export markets. Sarraf also dwelled upon the company’s plans and strategies going forward and on promoting local content in the oil and gas sector.
Despite the fall in energy prices, ONGC has been maintaining a capex of around Rs 30,000 crore a year for the past several years. Some of the results will show this year itself and there is expected to be a significant jump in production during 2017-18. Gas production will show an increase even this year after ONGC connects the completed offshore wells to the lines.