The Nigerian National Petroleum Corporation has decided to focus its attention on condensates production to compensate for lost revenue from oil exports due to the country’s commitment to the OPEC+ production cut deal. Nigerian daily This Day quoted the managing director of the NNPC as laying out this plan, and noting a boost in condensates production should help push revenues…
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The U.S. Department of Commerce said on Thursday it had blacklisted China’s state-run oil company CNOOC for helping China intimidate neighbors in the South China Sea, threatening U.S. national security, in yet another move aimed at restricting market access for Chinese companies. CNOOC was added to the Entity List, a tool utilized by Commerce’s Bureau of Industry and Security (BIS)…
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Goldman Sachs has flipped on their bearish natural gas stance to a bullish one. Goldman’s Samantha Dart’s reasoning behind the view shift is due to a combination of factors including “supply disruptions, shipping delays, and strong LNG demand, supported by heavy nuclear maintenance in Japan and a cold start of the year in NE Asia, have significantly tightened the LNG…
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The Texas oil and gas industry paid a total of $13.9 billion in state and local taxes and state royalties in fiscal year 2020, the Texas Oil & Gas Association (TXOGA) said in its annual Energy & Economic Impact Report this week. The amount of taxes and royalties the state collected last year was lower than the record-high $16.3 billion…
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BEIJING, (APP – UrduPoint / Pakistan Point News – 13th Jan, 2021 ) :In Pakistan, energy projects built hand-in-hand with China have involved meticulous considerations regarding emission controls and lowering the impact on the surrounding environment. As a major investment under the China-Pakistan Economic Corridor, the 1,320-MW coal-fired Sahiwal power plant provides around 6 percent of the total electricity supply…
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Islamabad : Our natural resources, especially gas is fast depleting and we need to act now keeping the projection of our future needs of energy in view, said Shah Jahan Mirza, Managing-Director, Pakistan Power & Infrastructure Board. He stated this while addressing at an inception meeting of Network for Renewable Energy Research and Advocacy on ‘Clean Energy Transition in Pakistan,’…
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ISLAMABAD: Petroleum Division has reportedly prepared a plan to disconnect from February 1, 2021, gas supply to all industries that are currently using it as fuel for the primary purpose of electricity generation for self-consumption, well-informed sources told Business Recorder. Sharing details, SSGCL and SNGPL are engaged in transmission and distribution/sale of natural gas in the country. Except for a…
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The whole country went into a power blackout on Sunday night. This is a technical issue requiring serious investigation and a non-political discussion and debate. Blackouts have occurred in many countries in the past including the US, Brazil, Indonesia, Malaysia and India etc. The latest blackout in India was in 2012, on successive days on July 30 and 31, 2012…
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KARACHI: Secretary Local Government, Housing and Town Planning, Sindh, Najam Ahmad Shah has said the mission of generating electricity from solid waste will be a milestone. Najam Ahmad Shah, who is also head of the committee set up to generate electricity from solid waste, said the project to generate electricity from waste collected from Karachi was a modern and unique…
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KARACHI: The first Liquified Natural Gas (LNG) terminal of Pakistan operated by Engro Elengy Terminal (EETL), a joint venture between Engro Corporation and Royal Vopak of the Netherlands, has set new industry records during its five years of safe and reliable operations to ensure energy security for Pakistan. Since the start of its operations in March 2015, EETL has completed…
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