New York — Qatar Petroleum will become the sole owner of Qatargas 1 (QG1) at the start 2022, after deciding not to renew its joint-venture agreements with Total, ExxonMobil, Marubeni and Mitsui, the company said on March 30. QG1 has three processing trains, each with a production capacity of 3.3 million mtpa of LNG and related products. The decision to move…
Read MoreYear: 2021
PM nod awaited to cut petroleum prices
ISLAMABAD: The prices of petroleum products may come down by up to Rs5.5 per litre on Wednesday provided the prime minister accepts recommendation of the Oil & Gas Regulatory Authority (Ogra) based on fall in international market. A senior government official told Dawn that Ogra’s summary on price cut had reached the Ministry of Finance that would be taking up…
Read MoreRobots Could Replace Thousands of Oil & Gas Jobs, Cut Drilling Costs
Robots could replace hundreds of thousands of oil and gas jobs globally and reduce drilling labor costs by several billion dollars by 2030, if there is an industry push for such a transition, Rystad Energy has found. “Even when the Covid-19 downturn is finally past us, operators will have to continue exploring new avenues for cost reductions to be better…
Read MoreSSGC MD visits Hyderabad region
Imran Maniar, MD, SSGC visited various facilities of the Company’s Hyderabad Region to apprise himself with the progress of various departments and ongoing projects. This was MD’s first visit to Hyderabad Region since his appointment in last February. Amongst others, during the visit, MD was accompanied by Asad Saeed Khan, SGM (HR), Abdul Waheed Jumani, GM In-charge (Gas Distribution Interior…
Read MoreNTDC completes work on 130km 220kV transmission line
LAHORE: The National Transmission and Dispatch Company Ltd (NTDC) have completed the rehabilitation/up-gradation of the existing 130km long 220kV double circuit transmission line from Jamshoro to KDA-33 (Karachi). The NTDC has completed rehabilitation work ahead of the deadline despite difficulties faced during the COVID-19 pandemic. The transmission line is expected to be energized on or before 31st March 2021. The…
Read MoreSaif Power working it through
Saif Power Limited (PSX: SPWL) – a subsidiary of the Saif Group – announced its financial performance for 2020 recently, and just as other IPPs, the key highlight was the decline in utilization levels due to lower dispatches of electricity during the year by the independent power producer. SPWL’s net revenues dipped by 40 percent year-on-year where the utilization levels…
Read MorePolicy draft: Petroleum Division proposes converting Thar coal to liquid fuels, gas
ISLAMABAD: The Petroleum Division has worked out a policy to convert the Thar Coal to Liquid (CTL) and Coal to Gas (CTG) with huge incentives in form of fiscal package for investors, including 10-year income tax waiver. The policy draft identifies the commercial and regulatory framework in which coal can be converted into synthetic gas and synthetic diesel would help…
Read MoreSaplings planted at Jheel Park in Sindh-wide campaign
Sindh government spokesperson Murtaza Wahab stressed on Tuesday the need to plant trees, pledging that the Sindh government would work towards increasing green areas in the province. He said this while addressing the media after planting trees at Jheel Park as part of province-wide tree plantation campaign launched by the Sindh government. “Everyone looks for shade, but no one is…
Read MoreNepra reserves decision on tariff hike for Discos
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday reserved its judgment on increasing power tariff by 91 paisa per unit under quarterly adjustment and 66 paisa per unit on monthly fuel cost adjustment for 10 distribution companies of ex-Wapda. Presiding over two separate public hearings, Nepra Chairman Tauseef H. Farooqui said the fuel cost adjustment for February would…
Read MorePM Imran offers Saudi crown prince support on launch of kingdom’s 10 billion-tree drive
Prime Minister Imran Khan has offered Saudi Crown Prince Mohammad bin Salman support in his plans to launch a 10-billion tree plantation drive, while also inviting him to collaborate on climate change initiatives. “I am delighted to learn about Your Royal Highness’s plans for launching Saudi Green Initiative aimed at protecting the nature and planet. The two initiatives, which, inter alia, include,…
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