Special Assistant to Prime Minister (SAPM) on Power Tabish Gauhar has revealed that Prime Minister Imran Khan will personally promise the International Monetary Fund (IMF) a time-bound road map for power sector reforms in return for a freeze on the tariff increase — in fact, lower flat rates for the industrial and SME sectors to spur economic activity and absorb surplus capacity.…
Read More
Iran has decided to use local firms to develop a large offshore natural gas field, which was discovered by an Indian company and set to be developed by a group of Indian firms, Press Trust of India reported on Monday, citing sources with direct knowledge of the plans. An Indian consortium led by ONGC Videsh discovered the huge Farzad-B gas…
Read More
U.S. oil and gas producer ConocoPhillips unveiled on Monday a target to reduce emissions from its operations to net zero by 2045-2055 in a first announcement from a major American oil firm setting specific targets to cut its carbon footprint. Unlike European oil majors – who have rushed to pledge various commitments to become net-zero energy companies – U.S. companies,…
Read More
Renewable energy consumption in the United States continued to rise for the fourth year in a row in 2019, with wind energy and wood and waste energy each accounting for 24 percent of all renewable energy used in America, the Energy Information Administration (EIA) said on Monday. Last year, U.S. consumption of renewable energy reached a record 11.5 quadrillion British…
Read More
ABU DHABI, (UrduPoint / Pakistan Point News / WAM – 18th Oct, 2020) Abu Dhabi will host the oil and gas industry’s largest online exhibition and conference, as the ADIPEC Virtual Conference brings together over 5,000 government ministers, global energy leaders and professionals to assess the collective measures the sector is putting in place to fast-track recovery, post COVID-19. Held…
Read More
The Sui Northern Gas Pipelines Limited (SNGPL) has requested OGRA for the grant of an additional quota of 300,000 new connections to move towards clearing its backlog which touched the figure of 2.7 million applications due to ever-increasing demand of the commodity and certain capacity issues. “For the current fiscal year, the Oil and Gas Regulatory Authority (OGRA) had granted…
Read More
ISLAMABAD: The PTCL Board of Directors has appointed Matthew Willsher, currently CEO of Etisalat Afghanistan, as Chief Executive Officer (CEO) PTCL Group (PTCL & Ufone), effective from December 2020. According to a press release issued on Sunday, Mr Willsher succeeds Rashid Khan, who was president and CEO of PTCL Group since March 2019 and decided to leave the group due…
Read More
Strong growth of the renewable power sector will be a key driver of energy transition in China, according to BP Energy Outlook 2020, which was released recently. The country is also expected to remain the world’s largest primary energy consumer despite slowing demand growth. BP forecast that energy demand growth in China will slow dramatically compared to past trends, and…
Read More
Former president Benigno Aquino halted activities six years ago amid territorial disputes with China, which has claimed sovereignty over much of the South China Sea. A 2016 ruling by the Permanent Court of Arbitration has since dismissed these claims under UN conventions. Under Duterte’s leadership, the Philippines has aligned itself more closely with China since that ruling – despite support…
Read More
The country’s trade deficit soared to $5.8 billion in the first quarter of the current fiscal year, according to data shared by the State Bank of Pakistan (SBP). The central bank said foreign direct investment (FDI) declined by 24 per cent to $415.7 million from July to September as compared to last year’s corresponding period. The foreign investment was recorded…
Read More
