ISLAMABAD: With nearly 2.8 million gas connections pending on the network of Sui Northern Gas Pipelines Limited (SNGPL), the cabinet is likely to give priority to gas connection requests for politically motivated schemes. Already facing a gas crisis, SNGPL had to divert expensive liquefied natural gas (LNG) to domestic consumers in winter in the wake of government directives to overcome the shortage.…
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ISLAMABAD: After oil prices, consumers are set to face another setback as the Oil and Gas Regulatory Authority (Ogra) has increased prices of liquefied petroleum gas (LPG) by Rs10 per kilogram. The price of domestic LPG cylinder has gone up by Rs122 and commercial cylinder by Rs471 following the hike in LPG prices. Domestic cylinder will now be available at…
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KARACHI: Pakistan’s total oil sales rose by 11 per cent to 11.258 million tonnes during the first seven months of FY21 owing to a massive jump in demand for furnace oil (FO), high-speed diesel (HSD) and petrol. A jump of 37pc was recorded in FO sales to 1.916m tonnes during July-January period of 2020-21 followed by 12pc and 6pc in…
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KARACHI: A landmark achievement has been accomplished at Jagran – II HPP where FWO devised a strategy to excavate the upstream with downstream portions of the Main Headrace Tunnel by carrying out excavation from both ends in opposite directions and meeting in the middle. This happened on 27 January 2021 when the milestone of meeting the two tunnels with a…
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Federal mining licensors at Nigeria’s Mining Cadastre Office (MCO) are looking to February 12 to commence the revocation of some 2,763 mineral titles whose holders have failed to pay outstanding yearly service fees in a new aggressive revenue drive designed to swell government’s coffers in 2021. The titles at risk of federal axe represent 25 per cent of the total 10,959 mining…
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Islamabad, February 01, 2021: Mr. Lesslie C. Viguerie, Deputy Assistant Secretary of State for Pakistan Affairs called on Federal Minister for Energy, Mr Omar Ayub Khan at the Ministry of Energy this afternoon. Mr. Omar Ayub gave an overview of Pakistan’s Energy Sector and the present Government’s earnest endeavours in reforming the energy sector of the country. The Minister said…
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General Motors is joining a move by global automakers to shift away from fossil fuel-powered vehicles, with plans to sell only zero-emission cars and trucks by 2035 and be fully carbon neutral by 2040. The auto giant, which has an even more aggressive timetable than rivals Ford and Volkswagen, makes the shift as the Biden Administration prioritizes dramatic cuts in…
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Ever heard of the Climate Club? It has extremely expensive dues, but you might find it worthwhile to pay them, because the cost of not joining is even higher. Nations that belong to the club welcome all comers (the carrot) and punish those that don’t join (the stick). The Climate Club has one mission: to save the planet by driving…
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Where many sectors may witness recovery in profits in 2QFY21 (Oct-Dec 2020) as the economic activity rebounded and they came out of the COVID-19 restrictions, the oil and gas exploration and production sector will be under duress due to the continuing weak crude oil prices, subdued hydrocarbon exploration and production activity, and also currency appreciation in the quarter. Pakistan Oilfields…
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ISLAMABAD: The government is currently weighing option to form local arbitration court, based on three local judges of the Supreme Court to resolve the issue of excess profits of Rs53 billion, allegedly minted by 6 important IPPs and the Attorney General of Pakistan (AGP) will update the Federal Cabinet to this effect. ‘And if the Federal Cabinet, that meets tomorrow…
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