The East African Rift System (EARS) is one of the largest rifts in the world. Characterised by a spreading crust, the tectonically active region spans 6,400 kilometres in length and up to 64 kilometres in width and runs through several countries in Eastern Africa. The geological attributes of the EARS make it so rich in geothermal energy resources that –…
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We know more about the moon and the surface of Mars than we know about the deep ocean. But increasing demand for rare metals and other valuable minerals could bring industrial-scale prospectors to seafloors off the Western U.S. before the consequences of ocean mining, let alone the nature of the ocean itself, are barely understood. Seabed mining (SBM) is an…
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ISLAMABAD: An accountability court on Thursday rejected former prime minister Shahid Khaqan Abbasi’s plea seeking live telecast of LNG terminal case proceedings. PML-N leader Shahid Khaqan Abbasi had filed a petition in the accountability court and requested live coverage of the LNG reference against him and others by the NBA. Abbasi, former finance minister Miftah Ismail, former managing director of…
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Growth in the petroleum industry has gradually moved from positive to negative over the last four years. Product-wise overall growth that recovered post FY16 has been falling in the last two fiscal years. FY20 has been the weakest year in terms of year-on-year growth that stood at -20 percent as per SBP’s Annual Report for FY20 released yesterday. Year-on-year growth…
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The Sindh government announced on Wednesday the successful completion of its ground-breaking pilot project to extract palm oil from the indigenous plantation of oil palm trees in the Thatta district. It said the pilot project successfully completed by its Environment and Coastal Development Department had shown that the coastal strip of the country had the capability of growing oil palm…
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Pakistan and India are likely to witness a prolonged winter this year, global environmental experts have predicted. According to the Indian meteorology and climate change organisation Skymet Weather’s vice-president Mahesh Palawat, winter in Punjab, Northern Sindh, and Northern Balochistan may be longer and more severe this year. He said that historically, winter during the La Niña years are harsher and…
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As the air quality in Pakistan and India continues to decline, experts have warned that the situation will get from bad to worse if not controlled in a timely manner. Pakistan’s Air Quality Index (AQI) levels suggest that from January to November 2020, the amount of particulate matter in Karachi and Lahore ‘s air exceeded the amount prescribed by the…
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French Total plans to increase its investments in Libya’s oil industry, the National Oil Corporation said, adding it had discussed with the company raising Libya’s production to “the highest levels.” Total has stakes in several Libyan oil fields, including the nation’s biggest, Sharara. The field, along with many others, was shut down for more than eight months this year after…
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Australian Oil Search plans to make the final investment decision on the Pikka project in Alaska next year and launch production in 2025, chief executive Keiran Wulff told investors in a company announcement this week. The breakeven cost of Pikka has come down to $40 a barrel, but the company and its partner in the development, Spain’s Repsol, plan a…
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Venezuela’s vice president and the head of state oil company PDVSA arrived in Russia last week on a trip aimed at deepening “strategic alliances,” Venezuela’s information ministry said, Reuters reported. Vice President Delcy Rodríguez and PDVSA chief executive Asdrúbal Chávez, as well as Science Minister Gabriela Jiménez, flew to Moscow to discuss possible new oil joint ventures with Russian energy…
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