Pakistan’s premier energy company, Byco Petroleum Pakistan Limited, has partnered with Daraz, Pakistan’s leading online marketplace, to launch its flagship online lubricants store on Daraz. Byco’s wide range of high-quality lubricants will now be available on Pakistan’s most popular online shopping store – daraz.pk. Byco’s flagship store on daraz.pk is currently live now and will offer customers a safe and…
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The Cabinet Committee on Energy (CCoE) scheduled to meet on Tuesday is likely to grant approval for the unbundling of the two state-owned gas utility companies, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC), into five smaller gas companies. According to sources who confided in Profit, said that the CCoE will take up a proposal by the…
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Geneva, (APP – UrduPoint / Pakistan Point News – 9th Nov, 2020 ) :The Swiss financial sector still invests too much in the production of oil and coal despite progress towards more climate-friendly investments, an official report said Monday. “Overall, the Swiss financial centre now invests four times more resources in companies producing electricity from fossil sources such as coal or gas than in those producing from renewable sources,” said the…
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ISLAMABAD: Top mandarins of the Energy Ministry swung into action to immediately suspend the former acting MD PLL (Pakistan LNG Limited) Nadeem Nazir, who is also currently holding the charge of the MD of PLTL (Pakistan LNG Terminal Limited) for making excess payments of $25 million as port charges to LNG suppliers (Gunvor and ENI). Following the report of excess…
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The booming liquefied natural gas (LNG) industry will play at least as big a role as new coal investments in bringing on a climate crisis if all planned projects go ahead, US-based energy analysts and campaigners say. The report by the Global Energy Monitor appears at odds with comments by Australia’s emissions reduction minister, Angus Taylor, who has said the…
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Methane gas, commonly referred to as “natural gas,” is the fossil fuel with the most positive image. Natural gas is marketed as not just cleaner than other fossil fuels, but as “clean”—a demonstrably false descriptor with an endless number of caveats. Oil and gas companies promote gas subsidiaries by prominently featuring the word “clean” in the company’s name or marketing…
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Several oil tankers were attacked or approached with attempted attacks in the Gulf of Guinea off West Africa over the past few days, maritime security companies warn. Over the past six days, five such incidents took place in the area, in which four tankers were attacked by pirates, and one was approached while underway with the intent to attack, maritime…
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U.S. energy-related carbon dioxide emissions dropped by 3 percent last year, offsetting a 3-percent increase in 2018, as a record-high share of low-carbon sources were used in the electricity sector—the main contributor to emissions decline in 2019, the Energy Information Administration (EIA) said on Tuesday. Total energy-related carbon dioxide (CO2) emissions in 2019 were about 150 million metric tons (MMmt) lower than…
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ISLAMABAD, Nov 9 (APP):The Oil and Gas Development Company Limited (OGDCL) has produced around 36,221 36,221 BPD crude oil, 904 MMCFD gas and 714 TPD LPG gas during first quarter of the current fiscal year despite coronavirus pandemic and natural decline in existing hydrocarbon deposits. The company, during corresponding period of the last year, extracted 37560 Barrel Per Day (BPD)…
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The Oil and Gas Development Company Limited (OGDC) registered a sales’ revenue of Rs59.528 billion for the first quarter (July-Sept) of FY21 as compared to Rs66.204 billion in the corresponding year of last year. “Despite coronavirus pandemic and a natural decline in existing hydrocarbon deposits, OGDC managed to produce around 36,221 barrels per day (BPD) of crude oil, 904 million…
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