2020 - Page 59 of 229 -

Pakistan, World Bank sign $1.15bn accords for clean energy projects in KP

October 15, 2020June 9, 2023 Admin

ISLAMABAD: Pakistan and the World Bank on Thursday signed two agreements related to renewable energy and hydropower projects, worth $1,150 million, in Khyber Pakhtunkhwa. These include the $450 million ‘KP Hydropower & Renewable Energy Development Project’ and the $700 million Evacuation of Power from DASU Hydropower Project (Phase-I). The first project will support construction of 88MW Gabral-Kalam Hydropower Project and 157MW…

PIA CEO announces reward for air hostess who returned lost cash to passenger

October 15, 2020June 18, 2023 Admin

ISLAMABAD: Pakistan International Airlines (PIA) Chief Executive Officer (CEO) Air Marshal Arshad Malik on Tuesday announced an Rs100,000 reward for an air hostess of the national flag carrier, ARY News reported. PIA air hostess has set an example today after she returned lost cash to the vigilance team for return to its owner at Jinnah International Airport, Karachi. As per…

Two RLNG pipelines from south to north will be built: ISGS MD

October 15, 2020April 30, 2023 Admin

ISLAMABAD: In a new development, the government has decided to build with GIDC (Gas Infrastructure Development Cess) funds two RLNG pipelines, each with capacity to transfer 1.6 bcfd (billion cubic feet gas per day), with diameter of 56 inches. The country is going to have more LNG terminals on private-to-private business model in the next three years time, with total…

Oil Prices Sink Ahead Of Industry Reports

October 15, 2020June 18, 2023 Admin

Major oil benchmarks dipped on Monday ahead of two major oil industry reports that are set to be released on Tuesday of this week. The IEA is set to publish it’s World Outlook 2020 on Tuesday, followed by OPEC’s Monthly Oil Market Report (MOMR). Both are much-anticipated industry reports that are set not only to shed light on oil production…

Government gives green signal to Gwadar International Airport

October 15, 2020June 6, 2023 Admin

ISLAMABAD: The government on Monday approved, in principle, the New Gwadar International Airport project at a cost of Rs55.4 billion, about 147% higher than the first revision, and also sanctioned a reduction in the scope of an important Gwadar road scheme. The decisions were taken by the Central Development Working Party (CDWP) – a body having mandate to scrutinise and approve…

Byco partners with HBFC

October 15, 2020April 9, 2023 Admin

KARACHI: Byco Petroleum Pakistan Limited entered into an alliance with the House Building Finance Company Limited at a ceremony held at Byco’s head office in Karachi, a statement said on Monday. Azfar Saeed Baig, Byco’s VP, AHR, and Faisal Murad, group head, Business and Operations, HBFC, signed the memorandum of understanding in the presence of senior executives from both the…

EU May Set Binding Standards Methane Emissions

October 14, 2020June 2, 2023 Admin

As part of its plan to reduce greenhouse gas emissions and become carbon neutral by 2050, the European Union (EU) will consider the creation of a legally-binding framework at the international level for methane emission reduction, including in the energy sector. In its EU strategy to reduce methane emissions published on Wednesday, the European Commission said that the scope of…

Bigger Than Expected Crude Inventory Draw Boosts Oil Prices

October 14, 2020June 2, 2023 Admin

The American Petroleum Institute (API) reported on Wednesday a major draw in crude oil inventories of 5.421 million barrels for the week ending October 9. Analysts had predicted an inventory draw of 2.835-million barrels. In the previous week, the API reported a build in crude oil inventories of 951,000 barrels, after analysts had predicted a build of 400,000 barrels. Oil…

The U.S. Is Backing Hydrogen Trucks With A New $100 Million Initiative

October 14, 2020June 19, 2023 Admin

Until now, the United States has been trailing other countries when it comes to plans for a post-COVID clean energy push. As countries around the world have rushed to put together green stimulus packages for a post-pandemic economic recovery, the U.S. has been slow to adopt a similar policy. The private sector, too, has taken a drastically different approach in…

Commencement of Production from Sara and Suri Leases and Settlement of Debentures

October 14, 2020June 6, 2023 Admin

CALGARY, Alberta, Oct. 13, 2020 (GLOBE NEWSWIRE) — Jura Energy Corporation (“Jura” or the “Company”) announced today that commercial production has commenced from the Sara and Suri leases under a third party sale arrangement. The current production from the fields is approximately 0.25 MMcf/d (net to Jura 0.15 MMcf/d) which is expected to be gradually enhanced to approximately 1 MMcf/d…