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US natgas prices slid 2pc on mild weather and lower demand
US natgas prices slid 2pc on mild weather and lower demand
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Oil steadies as Sverdrup field restart counters geopolitical concerns
Oil steadies as Sverdrup field restart counters geopolitical concerns
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Oil prices climb as market weighs Ukraine war escalation
Oil prices climb as market weighs Ukraine war escalation
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Iraq’s fuel oil exports head for record year after Oct volumes jump
Iraq’s fuel oil exports head for record year after Oct volumes jump
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Expanding renewables: Kohat Cement installs 5.34 MW solar power plant
Expanding renewables: Kohat Cement installs 5.34 MW solar power plant
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IDEAS 2024: Global Defence Innovation Takes Center Stage
IDEAS 2024: Global Defence Innovation Takes Center Stage
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Mr. Saquib Fayyaz Magoon, SVP FPCCI, graced the inauguration of IDEAS 2024 at Expo Centre, Karachi.
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He met Khawaja Muhammad Asif, Chief Guest & Federal Minister for Defence and Mr. Jam Kamal Khan, Guest of Honor & Federal Minister of Commerce; Mr. Kamran Tessori, Governor Sindh; ...
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Pakistan to Slash EV Charging Costs to Boost Electric Vehicle Adoption
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ISLAMABAD: Pakistan plans to significantly lower electricity tariffs for electric vehicle (EV) charging stations as part of its strategy to decarbonize the transport sector and stimulate EV demand, according to ...
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SNGPL Holds CPPA-G Accountable for Rs. 148 Billion in Outstanding Receivables
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ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has attributed the accumulation of Rs. 148 billion in outstanding receivables to delays in payments by the Central Power Purchasing Agency–Guaranteed (CPPA-G). The ...
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Petroleum Division Proposes Third-Party Gas Sales Framework
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ISLAMABAD: The Petroleum Division has prepared a framework for the sale of up to 100 MMCFD gas by Exploration and Production (E&P) companies to third parties through open auctions. The ...
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Schlumberger Wins OGDCL Contract for Tight Gas Evaluation Study
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ISLAMABAD: Schlumberger (M/s SLB) has been awarded a key contract by the Oil and Gas Development Company Limited (OGDCL) following a competitive international tender for an “integrated study of tight ...
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Azerbaijan to Invest $3 Billion in Pakistan’s Economy
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ISLAMABAD: Azerbaijan has pledged an investment of up to $3 billion in Pakistan across various sectors, marking a significant boost for the South Asian nation’s economy. Prime Minister Shehbaz Sharif ...
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Why Oil Companies Are Walking Back From Green Energy

As leaders gather for a global climate summit, investors are rewarding oil giants like Exxon Mobil that did not embrace wind and solar. When oil and gas companies made ambitious commitments four years ago to curb emissions and transition to renewable energy, their businesses were in free fall. Demand for the fuels was drying up as the pandemic took hold.

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November 20, 2024 No Comments

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