Energy, energy sector news, Energy Update, fossil fuel

Oil prices

Oil set for weekly fall amid supply pressure, tariff uncertainty

LONDON: Oil prices fell on Friday and were set for a weekly decline of over 3% on the back of oversupply concerns and uncertainty around tariff talks between the United States and China. Brent crude futures were down 82 cents to $65.73 a barrel at 1215 GMT, falling 3.3% over the week. U.S. West Texas Intermediate crude was down 81 cents to $61.98 a barrel, a decline of 4.2% for the week. “… Prices are down as concerns over oversupply from OPEC+ persist, while the demand outlook remains uncertain amid

latest news

April 8, 2025 by Admin

ISLAMABAD: Pakistan officially launched the Pakistan Mineral Investment Forum 2025 (PMIF25) today, aiming to spotlight its immense mineral wealth spread over 600,000 square kilometers. Federal Minister for Petroleum and Natural Resources, Ali Pervaiz Malik, inaugurated the two-day forum (April 8–9), emphasizing the country’s untapped potential and commitment to responsible mining practices.

April 7, 2025 by Admin

Karachi: Atif Ikram Sheikh, President FPCCI, is leading the Pakistani trade delegation to the United Kingdom to attend a Commonwealth program on 7th – 8th April. The strategic move aims to capitalize on the vast opportunities offered by the Commonwealth; which comprises of 56 countries with a combined GDP of over $13 trillion.

LNG facility

Chevron cuts output at Wheatstone LNG facility for planned maintenance

SINGAPORE: Chevron is conducting minor planned maintenance at its Wheatstone natural gas facility in Australia, temporarily reducing production rates on LNG Train 1, a company spokesperson said on Tuesday. “The annual service event is expected to be completed within the

LNG

IEA says Europe should replace Russian LNG with Qatari supply from 2027

LONDON: European countries should consider replacing liquefied natural gas (LNG) imports from Russia with other sources beginning in 2027, the International Energy Agency director said on Tuesday. Fatih Birol was speaking at the International Energy Week conference in London. “Europe

trade and energy

Pakistan, Azerbaijan sign agreements, MOUs on trade and energy

Islamabad —  Pakistan and Azerbaijan have signed agreements and memorandums of understanding (MOUs), chiefly about trade and energy, during a visit to Azerbaijan by Pakistani Prime Minister Shehbaz Sharif. Sharif arrived Sunday in the Azerbaijani capital, Baku, for a two-day

OGRA

OGRA CONDUCTS SEMINAR ON REGULATORY FRAMEWORK & SAFETY IN CNG SECTOR

Islamabad February 17, 2025: The Oil and Gas Regulatory Authority (OGRA) conducted a seminar on regulatory framework and safety in CNG Sector, emphasizing the importance of safety to minimize incidents at CNG stations. The event held at OGRA’s Auditorium, was

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Energy Update December Edition

Relief-Solar

Big Relief for Solar Consumers in Pakistan as Installation Costs Drop

KARACHI – In a major boost for solar energy adoption, the cost of installing solar systems in Pakistan has dropped significantly, offering welcome relief for consumers amid soaring electricity bills and heatwave warnings across the country. The Lahore Electricity Supply

solar energy

Off-Grid Solar Investment Drops 30% in 2024, Startups Hit Hardest

Global investment in off-grid solar companies fell by 30% in 2024, totaling just under $300 million, according to GOGLA, the global association for the off-grid solar energy industry. The sharp decline primarily affected early-stage firms and productive-use technologies, raising concerns

New-Project1

Pakistan Warns India: Water War Will Be Met with Full Force

ISLAMABAD: Pakistan’s civil and military leadership has issued a stern warning to India, declaring that any attempt to stop or divert Pakistan’s share of water under the 1960 Indus Waters Treaty will be treated as an act of war—a red

Asian-bank

ADB: Pakistan Suffers $2 Billion in Annual Losses from Climate Disasters

ISLAMABAD: Pakistan incurs average annual losses exceeding $2 billion due to climate-related disasters, significantly impacting the country’s already high poverty levels, according to the Asian Development Bank’s (ADB) Annual Report 2024. Highlighting Pakistan as one of the region’s most climate-vulnerable

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Upcoming Events

December 14, 2024 Movenpick Hotel
14th National Convention on Fire Safety and Security 2024
The Annual Fire & Safety Convention has gained momentum in creating Awareness about Occupational Health & Safety, Encouraging Best Practices and providing an Interactive Platform for all corporate organizations, industries as well as Professionals & Individuals serving within the Fire, Safety & Security departments.
The "14th International Fire, Safety & Security Convention Pakistan : IFSSCP-2022" scheduled on December 12, 2024 at Karachi Movenpick Hotel.

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The Biggest Game Company Future Roadmap

The gaming industry is growing very fast, and the biggest game companies in the world are planning exciting things for the future. These companies want to create better games, improve technology, and give players new and fun experiences.

Estelle Darcy

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Energy and Economy Forum Highlights Key Energy Sector Challenges

12 January 2022

The forum remains committed to proposing actionable solutions for a more robust energy sector, the meeting resolved.

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March 14,2023

By Andrew Lambert

Reputable game developers and publishers often prioritize releasing their games on schedule to maintain credibility and meet fan expectations. Sticking to a release timeline demonstrates professionalism, strong project management, and confidence in the quality of the final product.