CtrlS to develop data center with `250 cr investment in GIFT City CtrlS Datacenters, a datacentre provider, started the development of Gujarat’s first greenfield data center at GIFT City on Friday. The centre is being developed with an investment of `250 crore and is expected to over 1000 direct and indirect employment opportunities. This would be Gujarat’s first ‘rated-4’ data centre with a comprehensive managed services portfolio. A company official said,
However, that doesn’t take into account the fact that geopolitical tensions on the Middle East are undeniably rising again which will mean limited downside.”
In the U.S., oil drilling rigs were up by one at 501 last week, Baker Hughes said in its weekly report.JPMorgan forecasted 26 oil rigs to be added this year, most of them in the Permian during the first half of the year.
“The timing of drilling is paramount, as rig additions at the start of the year will contribute to 2H24 production growth,” the bank’s analysts said in a note.
“Despite an impressive 1 mbd of crude and condensate production growth in 2023, we expect 2024 supply to increase by only 400 kbd due to lower completions activity levels vs 2023.”