July 2020 - Page 17 of 25 -

NTDC, CPPA-G chargesheeted for causing billions of rupees loss to consumers

July 9, 2020April 8, 2023 Admin

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has reportedly charge sheeted NTDC and CPPA-G for inflicting billions of rupees financial loss to electricity consumers and national exchequer by violating merit order and plant under-utilization, well informed sources told Business Recorder. This was revealed in an analysis conducted by the regulator of generation of power plants on the basis of data…

Energy Transfer Not Shutting Dakota Access Oil Pipeline

July 9, 2020June 24, 2023 Admin

Energy Transfer is not emptying or shutting down the Dakota Access Pipeline and is using all legal ways to fight the court order from Monday that would shut down the oil pipeline by August 5. On Monday, a federal judge ruled that the Dakota Access Pipeline (DAPL), in operation since 2017, must be emptied and shut down within 30 days,…

Record High U.S. Crude Inventories Threaten Oil Rally

July 9, 2020June 18, 2023 Admin

Anyone connected or exposed to the dynamics of the oil price must be wondering if the recovery in the oil price is sustainable and, indeed, whether it has further to go. Some point to the collapse of industry pioneer Chesapeake Energy into Chapter 11 as a bullish development, arguing the loss of major producers just as demand is recovering in…

Demand Crash Led To Biggest Monthly Surge in US Oil Inventories Since 1920

July 9, 2020June 18, 2023 Admin

The oil demand crash in April, when most of America was under stay-at-home orders, resulted in the biggest monthly inventory jump in U.S. commercial crude oil inventories in data going back to 1920, the U.S. Energy Information Administration (EIA) said on Thursday. In April, U.S. commercial crude stocks soared by 46.7 million barrels, or by 10 percent, as demand for…

Construction of the first solar + storage array for New York campus underway

July 9, 2020June 29, 2023 Admin

The State University of New York at Fredonia (SUNY Fredonia) announced that construction is starting on its first solar/battery project. The New York Power Authority (NYPA), as the campus’ energy advisor, is overseeing the project. Selected in a competitive bidding process, the state’s strategic partners Oriden, a Mitsubishi Hitachi Power Systems venture, and Solar Liberty are designing, installing and financing…

China Inks Military Deal With Iran Under Secretive 25-Year Plan

July 9, 2020June 6, 2023 Admin

Last August, Iran’s Foreign Minister, Mohammad Zarif, paid a visit to his China counterpart, Wang Li, to present a roadmap on a comprehensive 25-year China-Iran strategic partnership that built upon a previous agreement signed in 2016. Many of the key specifics of the updated agreement were not released to the public at the time but were uncovered by OilPrice.com at…

Siemens Gamesa launches SG 3.4-145 wind turbine in India

July 9, 2020June 18, 2023 Admin

Siemens Gamesa Renewable Energy announced that it has launched its new turbine, the SG 3.4-145, into India’s onshore wind market. Siemens said that the new wind turbine is specifically designed and optimized for wind conditions in India and aims to deliver the lowest possible Levelized Cost of Energy (LCoE) with high reliability. The new wind turbine is an extension of…

Iran’s Oil Storage Almost Full as Sanctions and Pandemic Weigh

July 9, 2020June 16, 2023 Admin

Iran has slashed crude oil production to its lowest level in four decades as storage tanks and vessels are almost completely full due to a fall in exports and refinery run cuts caused by the coronavirus pandemic, industry data showed. Total onshore crude stocks surged to 54 million barrels in April from 15 million barrels in January, and swelled further…

Gulpur power project starts operation

July 9, 2020June 16, 2023 Admin

LAHORE: The Gulpur hydroelectric power project has started certified commercial operation and is producing cheap electricity for the national grid, announced Nespak Managing Director Dr Tahir Masood. Gulpur is a run-of-the-river hydroelectric power generation project located on Poonch River, a major tributary of Jhelum River near Gulpur, Kotli district, Azad Kashmir. Project financing was provided by Korea Exim Bank, the…

Govt Orders All Petrol, Diesel Imports be Euro V Compliant As Oil Companies Protest Move

July 9, 2020June 16, 2023 Admin

ISLAMABAD: Amid protest and resistance by the oil industry, the gov-ernment has ordered ban on import of petrol and diesel of less than Euro-V standard with effect from Aug 1, 2020 and Jan 1, 2021 respectively. This has put the oil industry and the authorities in yet another conflict when the two sides were already poles apart on petroleum pricing…