On any given day over the last four years, there have been around 20 oil drilling rigs somewhere in the Gulf of Mexico, tearing through submarine rock in search of oil. Last week, there were just 12, according to data from oil services firm Baker Hughes BHI. With just one exception, that was the lowest weekly tally of rigs in the…
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Despite the U.S. and Europe shuttering coal-fired power plants, coal remains a major fuel in global energy systems. In 2018, global coal demand rebounded and grew by 1.4% due to increased consumption in Asia, where coal consumption increased by 2.5%. This increased consumption was mainly from power generation, which reached an all-time high, increasing 3% in 2018 and accounting for…
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Global oil consumption hasn’t peaked, the head of the International Energy Agency warned, throwing cold water on hopes the coronavirus will cap demand and reduce climate-changing emissions.“In the absence of strong government policies, a sustained economic recovery and low oil prices are likely to take global oil demand back to where it was, and beyond,” Fatih Birol said in an…
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Paris, (APP – UrduPoint / Pakistan Point News – 27th May, 2020 ) :The energy industry is set to suffer a record drop in investment due to the coronavirus fallout, the IEA said on Wednesday, and while renewables are likely to fare better than oil, any swift economic recovery could create a global fuel crunch. In its annual report on…
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Najeeb Many think this should be a corona budget. Maybe it is more than that – a survival budget for the millions of citizens and businesses who need a lending hand. The pre-Covid-19 economy was saddled with a plethora of headwinds besieging growth to mere 1.9 percent in FY19 and to 2 percent in FY20. Budget FY21 has to design…
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There have been few concerns about Diamer Bhasha Dam. Foremost is that Roller Compacted Concrete (RCC) Dam is a rigid structure and has no flexibility against earthquakes. Bhasha Diamer Dam has been under review since the early nineteen eighties by various panels of international consultants and experts including the World Bank’s experts. In eighties Roller Compacted Concrete Dams (RCCD) were…
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The NTDC has correctly noted that the power supply industry (ESI) is currently in the midst of a global change which offers a historic opportunity to our policy and decision-makers to transform this sector from its current centralized top-down mindset to a distributed and forward-looking approach to sustainably serve the electricity demands of the country. The future of the ESI…
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The outgoing US Assistant Secretary of State for South Asia Alice Wells, while addressing a farewell news briefing through a video link attended by journalists from South and Central Asia, hurled scathing criticism at China for burdening Pakistan with a heavy debt through the China-Pakistan Economic Corridor saying “ At the time of a crisis like the covid-19 pandemic, it…
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Apart from traditional security, Pakistan is fully determined to achieve its non-traditional national security challenges. In this regard, the peaceful role of nuclear technology is commendable under Pakistan Atomic Energy Commission (PAEC) that is fully resolved towards achieving socio-economic development. Pakistan is pursuing an instrumental role of civilian use of nuclear technology by culminating different 2030 United Nations Sustainable Development…
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May 28th 1998 is one of the most important days not only in the history of Pakistan but also of the South Asian region and the world as well. It is a day when the Pakistani nation showed the world that it is a force to be reckoned with, a force united, powerful and enduring, a force that would not…
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