Energy is an essential ingredient of socio-economic development and economic growth. Over the past two years the PTI government which came to power on the promise of increasing economic development has made large strides in ensuring an enhanced supply of commercial energy. Currently Pakistan produces a total of 33,961 MW of energy. Over half of Pakistan’s generation capacity is met…
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KARACHI: Pakistan State Oil Company (PSO), the country’s largest public sector oil marketing company, is accused of succumbing to international oil mafia and vested interests, industry sources said. According to details, PSO regularly conducts spot tenders for supply of motor gasoline and seasonal furnace oil cargoes which are supplied by a small group of globally influential international oil suppliers such…
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An interesting situation has arisen in the United Kingdom, which should draw the attention of all those focused on the “energy transition.” It speaks to the underlying unreliability of renewable energy and, in particular, the current state of green technology. We can learn from Britain’s current struggles that unless or until we drastically improve our alternative energy and electricity storage…
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The UK government will ban sales of gasoline and diesel cars from 2030, the BBC reported, citing Prime Minister Boris Johnson. The move is part of what Johnson has called a green industrial revolution aimed at mitigating climate change while creating new jobs. The plan will receive financing of $5.31 billion (4 billion pounds), which, according to critics, is nowhere near…
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GILGIT: The Gilgit-Baltistan government on Tuesday signed its first public-private partnership (PPP) agreement with the Industrial Promotion Service, a commercial arm of the Agha Khan Development Network (AKDN), to build the first run-of-river power project in GB. Mansoor Dhanani, CEO NPAK (Industrial Promotion Services), and GB secretary water andpower Sajjad Haider signed the agreement here. GB caretaker Chief Minister Mir…
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ISLAMABAD: With imported gas burdening state-run gas utilities, the Petroleum Division is now seeking the go-ahead from the Cabinet Committee on Energy (CCoE) for appointing a transaction adviser to split the utilities facing higher losses on account of unaccounted for gas (UFG). Sui Northern Gas Pipelines (SNGPL) and Sui Southern Gas Company (SSGC) are facing UFG of 11-17%, which is…
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Mapillary is teaming up with YouthMappers, researchers at Arizona State University, the OSM chapter in Sierra Leone, and other partners to map fundamental spatial features that speed up efforts to design and install mini-grids in rural areas. By understanding settlement patterns, road networks, and existing electrical grid infrastructure, the team can speed up and scale up approaches to design mini-grids…
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Slower demand growth due to the pandemic and a drop in global oil supply due to low investments could result in peak oil demand 2-3 years sooner than an earlier view that demand will peak around 2030, Norway’s energy giant Equinor said on Tuesday. The oil and gas major, which has just announced its ambition to become a net-zero energy…
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The Covid-19 pandemic hit Australia’s already declining oil and gas workforce hard, causing a loss of over 28,000 jobs this year, equivalent to a quarter of the country’s total count, a Rystad Energy analysis reveals. Some of these jobs will be restored from 2021 onwards, but Australia’s oil and gas workforce will struggle to recover pre-pandemic levels for at least…
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Oil prices rose on Monday and remained steady on Tuesday morning as markets are cautiously looking beyond the COVID-19 pandemic Chart of the Week The EIA forecasts U.S. oil production remaining flat through the end of 2021. Production topped out at 12.9 mb/d (on a monthly basis) in November 2019, before falling to 10 mb/d by May 2020. Production rebounded to 10.6…
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