2020 - Page 43 of 229 -

TAPI gas pipeline to bring economic prosperity to Pakistan

November 9, 2020May 28, 2023 Admin

urkmenistan Ambassador to Pakistan Atadjan Movlamov on Sunday announced that the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline is at the stage of practical implementation, adding that the project is certain to be a game changer for Pakistan’s economic prosperity. He stated this while meeting with representatives of the (EJAF) Economic Journalist Association Forum in Islamabad. Movlamov said that a 1,840km long pipeline…

E&P companies make 90 discoveries

November 9, 2020June 29, 2023 Admin

Exploration and Production (E&P) companies have made around 90 oil and gas discoveries in different parts of the country during the last six years. The companies found 12, 24, 17, 22, 12 and 3 hydrocarbon deposits in 2015, 2016, 2017, 2018, 2019 and 2020 respectively, out of which 10 were discovered in different parts of Punjab, 69 in Sindh, eight…

Decision on SSGC, SNGPL unbundling tomorrow

November 9, 2020April 30, 2023 Admin

ISLAMABAD: Amid opposition from consultants, experts and key stakeholders, the Cabinet Committee on Energy (CCoE) will take up on Tuesday a proposal for unbundling of two gas utilities into five smaller companies — one transmission and four provincial distribution firms — on the pattern of ex-Wapda’s 13 generation, transmission and distribution companies. In a summary to the CCoE, the Ministry…

US Election 2020: Time for US to unite, President-elect Biden says

November 8, 2020June 29, 2023 Admin

Joe Biden has won the race to become the next US president, defeating Donald Trump following a cliff-hanger vote count after Tuesday’s election. The BBC projects that Mr Biden has won the key battleground of Pennsylvania, propelling him over the 270 electoral college vote threshold required to clinch the White House. The Trump campaign has indicated their candidate does not…

Pakistan may return $2b Saudi Arabian loan

November 8, 2020June 29, 2023 Admin

ISLAMABAD: Pakistan may return $2 billion Saudi Arabian loan and is looking for various options to secure more lending aimed at retaining gross official foreign exchange reserves at their current level of over $12 billion, Ministry of Finance sources told The Express Tribune. The second tranche of $1 billion of Saudi loan is maturing next month and there is likelihood…

Turkey’s central bank chief ousted after lira plunges to record lows

November 8, 2020June 29, 2023 Admin

The Turkish president, Recep Tayyip Erdoğan, has removed the governor of the country’s central bank from his post after the lira currency hit record lows, having lost 30% of its value since the start of the year. The decision to replace Murat Uysal as governor was made by presidential decree and announced in the country’s official gazette early on Saturday. It…

From Billions To Millions: Canada’s Offshore Oil Disappointment

November 6, 2020June 2, 2023 Admin

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) announced disappointing results this week from its call for bids on offshore oil parcels, according to a press release. Of the 17 parcels offered up in the Eastern Newfoundland Region, only one received any bids—Parcel 9—for which the winning bidder, BP Canada Energy Group ULC, committed $27 million in exploration work. For…

Trump Replaces FERC Chairman In Surprise Move

November 6, 2020June 2, 2023 Admin

President Donald Trump surprised many this week with the removal of Neil Chatterjee from the post of chairman of the Federal Energy Regulatory Commission. Chatterjee was replaced by the other Republican sitting member of the commission, James Danly. Chatterjee’s term was set to expire in June 2021, Axios reported, noting the chairman of FERC had said he intended to remain…

Alberta Strikes Methane Emissions Deal With Federal Government

November 6, 2020June 19, 2023 Admin

Alberta has reached an agreement with Canada’s federal government to have its own provincial regulation on methane emissions, which will save the energy industry money and avoid red tape, the provincial government said on Thursday. Instead of having federal and provincial regulations on methane emissions, Alberta will now have only provincial rules on tackling methane emissions, whose largest source in…

Colorado Takes Aim At Oil, Gas Well Flaring

November 6, 2020May 28, 2023 Admin

Colorado energy regulators have voted for a curtailment of gas flaring at oil and gas production sites, limiting approved flaring to just a few circumstances, the Colorado Sun reports, noting that flaring is relatively rare in the state, compared with other states where it is routine. The rule will help mitigate climate change, ensure the safety of groundwater, and make…