Fertiliser sector is a major consumer of natural gas and is a part of the larger problem of gas crisis. Lately, it has been in the news for having been fined by CCP for overcharging, profiteering and unethical and even illegal practices of price collusion. Suspecting a lot more, CCP has asked SECP to undertake a forensic audit of the…
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Chinese electronics firm Xiaomi went above and beyond to advertise its latest smartphone, sending the device’s 100-megapixel camera into space. The camera, which is based on the 108-megapixel Xiaomi M10 Pro quad camera, was integrated into a cubesat that launched in November 2019. Xiaomi used the quite brilliant orbital imagery for the Chinese launch of its new Mi 10 smartphones on Feb.13. …
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Some countries have changes their nuclear policy to either to phase-out or phase-down after Fukushima incident due to safety concerns. However, many of the countries are still continuing to develop nuclear power plants with no better substitute for nuclear energy. [1] Renewable energy, known to be more safe than nuclear energy, is extensively being researched, but it still has long…
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The new research, released today, shows that nearly $640 billion of investment in coal power capacity worldwide is at risk because it is less expensive to generate electricity from wind and solar power, as Reuters reported. The report also found that more than 60 percent of global coal power plants are generating electricity at a higher cost than it could be produced by…
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ISLAMABAD: The government is considering hiring international third-party auditors to end an ongoing controversy between the Power Division and the regulator over the size of circular debt. Informed sources said the International Monetary Fund (IMF) is engaged with the Power Division on a regular basis to get clarity on questions raised by the National Electric Power Regulatory Authority over the…
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The International Energy Agency (IEA) says wind and solar energy need to play a much greater role in order for countries to meet sustainability goals, but it is extremely difficult to envisage them doing so without help from nuclear power. Nuclear power today makes a significant contribution to electricity generation, providing 10% of global electricity supply in 2018. In advanced…
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Oil’s rout may have been an unexpected boon for the biggest buyers of liquefied natural gas, but its knock-on effects may come back to bite them. That’s because more than a dozen proposed LNG export projects from the U.S. to Mozambique are at risk of being delayed or scrapped as crude careened to levels that make most of them unprofitable. If fewer…
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Mari Petroleum Company Limited (MPCL) successfully hosted the first ever national risk management conference in Pakistan. There, they also launched IRM Pakistan Regional Group, which is the first formal risk management group at a national level in Pakistan. The idea is to shed light on and promote the practice of corporate risk management on a larger scale.News Desk -March 13, 2020…
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The Pakistan stock market crashed on Friday, but amidst all the doom and gloom smart money was chasing one stock: Oil and Gas Development Company Limited. When the KSE-100 was bleeding, down 4.6% within five minutes of the market’s opening, the share of oil and gas giant OGDCL hit Rs96.20, its lowest level in more than five years. It appreciated slightly to…
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March 12, 2020: A recent waste crude oil spillage, after recent heavy rain spell, in the Nirali Dam of Gujar Khan has posed a serious threat to human health and the environment in the vicinity. Assistant Director Punjab Environment Protection Department (EPD) Amin Baig has said that the crude oil leakage occurred in the Adhi Oil field of Pakistan Petroleum Limited…
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