Under pressure from investors, Exxon has released an Energy and Carbon Summary that for the first time in the company’s history, makes public the amount of carbon dioxide emissions produced across its value chain—so-called Scope 3 emissions. In the document, Exxon reported that its Scope 3 emissions in the upstream segment last year amounted to 570 million tons of carbon dioxide equivalent…
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The last year was difficult for Ecuador’s beaten-down hydrocarbon sector. Aside from the severe fallout from the COVID-19 pandemic and sharply weaker oil prices, the industry was rocked by yet another corruption scandal and a series of environmental disasters. Those events sharply impacted oil production, will deter urgently required investment and spark greater dissent among Ecuador’s indigenous communities. Like southern…
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Drilling has begun for the ASH-3 development well at the Abu Sennan licence and it is expected to provide further impetus to a production operation that exceeded expectations through 2020. The programme comes just weeks after the commissioning of a gas pipeline which unlocks additional production volumes. United owns a 22% interest in the Kuwait Energy operated well which will…
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JAKARTA – With Chevron and perhaps ExxonMobil heading for the exits, active exploration at a virtual standstill and production on an increasingly downward spiral, Indonesia’s government needs to conduct radical regulatory surgery before its oil and gas industry is doomed by the onrushing era of renewable energy. Analysts say the nationalist tide that has swept over the industry in the…
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ISLAMABAD: President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Mian Nasser Hyatt Maggo Tuesday called the Sui Southern Gas Company (SSGC) to provide uninterrupted gas to the industrial sector for mitigating their targets. The President FPCCI said that SSGC immediately restore gas supply with required pressure to overcome the supply and demand gap of energy, said a…
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LAHORE: Special Assistant to Chief Minister Punjab on Information Dr Firdous Ashiq Awan has said the provincial government is setting up a 100-MW solar power project in Layyah at a cost of $57 million, which will add 200 million units of cheap electricity to the national grid. She was addressing a press conference along with Punjab Minister for Energy Dr…
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ISLAMABAD: Poor planning for the import of liquefied natural gas (LNG) has earned a bad name to the government as gas load-shedding in various parts of the country provided detractors an opportunity to criticise the government, noted cabinet members in a recent meeting. During discussions, the cabinet members highlighted that considering the gas supply and demand situation, proper planning should…
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LAHORE: Heaps of waste are yet to be lifted and disposed of at the landfill sites, leaving a large population of Lahore with no option but to live in a stinking environment for the last many days. There are reports that people in various localities have expressed anger over the situation and castigated sanitation / cleanliness workers / supervisors and…
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ISLAMABAD: Independent power producers (IPPs) have cast off a payment plan offered by the government for partial settlement of their dues and demanded at least 50 per cent upfront cash payments before signing formal agreements for tariff discounts. An implementation committee led by Finance Minister Dr Abdul Hafeez Shaikh had last week offered payment of about Rs450 billion to the…
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