The Bureau of Ocean Energy Management (BOEM) has rescinded the Record of Decision for the oil and gas lease Gulf of Mexico planned for March, effectively canceling this auction as part of the Biden Administration’s review of new drilling activities on federal land and in offshore waters. The lease sale would have offered 78.2 million acres for a region-wide Gulf of Mexico lease in…
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India’s use of coal may have peaked in 2018, according to a new report by according to U.K.-based clean energy group Ember. That’s sooner than many experts have forecast. The share of the dirtiest fossil fuel in India’s power mix fell for the second year in a row in 2020, according to the report released on Tuesday, due to an economic slowdown in…
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Permian oil production has plunged by as much as one million barrels a day as the coldest weather in 30 years brings havoc to a region that seldom faces frigid Arctic blasts. Oil traders and company executives, speaking on condition of anonymity, lifted their estimate of supply losses in the region as the temperature in Midland, the capital of the…
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BAJAUR: The residents of Kamangra locality here on Monday took to streets against the authorities for allegedly awarding mining leases to influential people without their consent. The demonstration, held on main Khar-Peshawar Road in Nawagai, was attended by scores of people. Te protesters blocked the road to traffic for several hours. Holding placards inscribed with demands, the protesters chanted slogans…
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ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has directed Karachi Electric (KE) to complete installation of 900 MW Bin Qasim Power Station (BQPS-III) in time to avoid load-shedding in the upcoming summer seasons. NEPRA Authority led by Chairman NEPRA, Tauseef H. Farooqi visited Karachi Electric (KE) Head Office and its under constriction 900 MW BQPS-III in order to check and…
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ISLAMABAD: The Federal Government is unlikely to appoint an expatriate Pakistani as Managing Director of National Transmission and Despatch Company (NTDC) against a salary of $ 15,000 (Rs 2.4 million) per month which, according to Board Negotiation Committee is too high compared to market trends, sources close to Power Minister told Business Recorder. Sharing the details, sources said, Board of…
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ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) led by its Chairman Tauseef H Farooqi on Monday visited the Karachi Electric (KE) head office and its under-construction 900MW BQPS-III, a statement said on Monday. Farooqi was briefed about the comprehensive plan regarding generation, transmission, and distribution plan submitted by KE on account of the authority’s directives given vide order dated…
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KARACHI: Chairman NEPRA, Tauseef H Farooqi launched K-Electric’s Women Ambassador Programme “Roshni Baji” at a ceremony at the Tipu Sultan Customer Care Centre of the company in Karachi Monday. This is a first-of-its-kind programme in which the selected women will become ambassadors for Safety and aiming to promote awareness for efficient usage of electricity along with conversion from hook connections…
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KARACHI: Criticising the federal government for increasing the power tariff, Pakistan Muslim League-Nawaz Sindh’s secretary general and former finance minister Miftah Ismail on Monday said that people will scream when the February’s electricity bill will come. He said the federal government has been robbing the people in the name of fuel adjustment charges. He was addressing a press conference at…
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ISLAMABAD: In a new development, one of the leading private players in the LNG sector, the PGPCL (Pakistan Gas Port Limited), has sought allocation of pipeline capacity for transmission of 150mmcfd of RLNG on a three-month rolling basis. The PGPL has written a letter to OGRA, seeking the pipeline capacity allocation keeping in view the latest decision taken by the…
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