The Aga Khan Agency for Habitat, the Ministry of Climate Change, Pakistan, World Habitat Awards and the United Nations Habitat Programme, co-organized an international virtual seminar on ecosystem restoration for quality of life. The seminar was attended by representatives from the Ministry of Climate Change, the United Nations, INGOs, Aga Khan Development Network (AKDN) agencies and partners, donor agencies, academia,…
Read More
Liquidity constraints are taking a toll on China Power Hub Generation Company (CPHGC), an early-harvest project under the China-Pakistan Economic Corridor (CPEC). Speaking to Dawn on Wednesday, Hub Power Company (Hubco) outgoing CEO Khalid Mansoor said cash flows of CPHGC, an associate company of the country’s largest independent power producer (IPP), are suffering because the government isn’t fulfilling its commitment. “It’s a…
Read More
ISLAMABAD: As unannounced power cuts continued for the third consecutive day almost across the country, the government on Wednesday confirmed supply shortfalls in the system due to technical reasons despite surplus generation capacity. The National Electric Power Regulatory Authority (Nepra) took serious notice of the excessive loadshedding and sought explanation from power distribution companies (Discos), including K-Electric. Minister for Energy…
Read More
After eight enterprising years with Hubco, Khalid Mansoor, CEO Hub Power Company Limited, has decided to part ways with the company. During his tenure with the company, he led Hubco to enhance its overall generation capacity from 1,600 MW to 3,581 MW. His achievements on behalf of Hubco include capacity building and switching to self O&M of our plants, successful…
Read More
U.S. liquefied natural gas (LNG) exports will rise to a fresh record high in 2021 before easing in 2022 for the first time in years, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday. The agency forecast U.S. LNG exports would rise to 9.38 billion cubic feet per day (bcfd) in 2021 from a…
Read More
Oman LNG and Royal Dutch Shell have signed an agreement to deliver the Sultanate’s first carbon-neutral liquefied natural gas (LNG) cargo, the companies said on Tuesday. “The cargo is the first carbon-neutral LNG from the Middle East using nature-based carbon credits to offset full lifecycle CO2 emissions generated across the LNG value chain,” Oman LNG said on Twitter.
Read More
7 May, the Asian Development Bank (ADB) issued a revamped energy policy for consultation – the policy’s first overhaul since 2009. A decade is a long time in the energy world. Between 2010 and 2019, large-scale solar power generation costs dropped 80% (to US$0.068/kWh) and onshore wind dropped 60% (to $0.053/kWh). Both now undercut the levelised (lifetime) costs of new…
Read More
President Joe Biden’s infrastructure plan proposes to spend US$16 billion plugging old oil and gas wells and cleaning up abandoned mines. But there’s no authoritative measure of how many of these sites exist across the nation. In a recent study, my colleagues and I sought to account for every oil and gas well site in the lower 48 states that…
Read More
Portfolio managers increased their positions in petroleum last week, reversing roughly half the sales over the previous three weeks, as benchmark oil prices started to break up through the recent ceiling. Hedge funds and other money managers purchased the equivalent of 40 million barrels in the six most important futures and options contracts in the week to June 1, after…
Read More
Oil and Gas Development Company (OGDCL) made five discoveries during the first three quarters of the current fiscal year 2020-21, with the preliminary reserves estimates are 53.03 billion cubic feet of gas and 0.84 million barrels of oil, a combined 10.32 million barrels of oil equivalent. According to the company’s third quarterly financial report for 2020-21, per day estimated production…
Read More
