Year: 2021

Optimization of upstream production often requires application of digital technology that augments the physical infrastructure in oil and gas fields and streamlines the process of collecting and integrating valuable domain data for analysis. Artificial intelligence (AI) applied to production fields can provide holistic monitoring and predictive insights to improve operations and increase production. A good example is AI-based virtual metering.…

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The Strategic Petroleum Reserve (SPR) has been a controversial part of the energy debate since the first Arab oil embargo. During the 1973 Arab-Israeli War, Arab members of the Organization of Petroleum Exporting Countries (OPEC) imposed an embargo against the United States in retaliation for the U.S. decision to re-supply the Israeli military. Shortages of crude oil and petroleum products…

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Turkey on Thursday accused Cyprus of violating its continental shelf by awarding an exploration license in the Mediterranean to Exxon Mobil (XOM.N) and Qatar Petroleum [RIC:RIC:QATPE.UL], adding it will not allow unauthorised exploration in its jurisdiction. For decades, Turkey has been at odds with Greece and Cyprus over competing territorial claims in the east Mediterranean, air space, energy, the status of some…

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No restriction at all in Pakistan if power consumers want to install solar systems to energize their homes, offices’ The Sindh government has advised the general public to install solar systems as an effective and clean off-grid solution to meet their energy needs both for their homes and offices. The advice to this effect was given by the Sindh government’s…

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Saudi Arabia, the world’s largest oil producer, has ramped up development at the natural gas-rich Jafurah field in the Eastern Province, considered the largest unconventional field of its kind in the Kingdom. State-owned Saudi Arabian Oil Co., aka Aramco, secured regulatory approval in early 2020 to develop the mega field, which holds an estimated 200 Tcf. Designed to meet the…

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The longer the prices for natural gas remain at record high levels in Europe this year, the stronger the markets feel that Russian gas should not be seen as a quick fix to the problem, at least not before this winter ends. “Overall gas production in Russia over the three quarters of 2021 was 12 percent and 2.6 percent higher…

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Sui Northern Gas Pipelines Ltd (SNGPL) has sought 150 percent hike in gas price. The petition of gas utility in connection with review of its estimated revenue requirement for FY 2021-22 was discussed here at a hearing organised by the Oil and Gas Regulatory Authority (Ogra) on Wednesday. SNGPL has filed a petition for increase in the prescribed price by…

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The Sahiwal coal-fired power plant is unique in many ways. It has been established on the most fertile land of the country just a few miles away from Lahore. Coal is imported from South Africa and Indonesia which is unloaded at the Karachi port, and then transported through rail to the site. It is burnt to produce steam which generates…

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Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said power sector circular debt has become a threat to the economy. It has increased rapidly to Rs2.5 trillion and the only way to resolve the issue is to compromise political interests, he said. Mian Zahid…

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In a new record, the National Electric Power Regulatory Authority (Nepra) on Tuesday firmed up charging an additional Rs4.74 per unit fuel cost to consumers for electricity they consumed in October so that ex-Wapda distribution companies (Discos) could mop up additional revenue of Rs60 billion in December. This was concluded at public hearing presided over by Nepra Chairman Tauseef H.…

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