Given the high stakes geopolitical game in which the world finds itself following Russia’s invasion of Ukraine last year, it would be naïve to be believe that anything as high-profile as Iran’s seizure of oil tankers in and around
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Concerns about the economy and new banking sector jitters have sent oil traders rushing for the exits and cutting their bullish bets on crude oil again. As more speculators leave the market – with open interest in U.S. crude oil futures at its lowest in three years – prices are set for more extreme volatility.
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A study published in Nature Energy on Monday has revealed that the U.S. Oil Patch is home to tens of thousands of inactive offshore oil and gas wells that remain unplugged, posing the risk of possible leaks into the ocean.
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More than half a dozen Canadian oil and gas companies including Paramount Resources (OTCPK:PRMRF), Crescent Point Energy Corp. (NYSE:CPG), Vermilion Energy Inc. (NYSE:VET), Pipestone Energy Corp. (OTCPK:BKBEF), Kiwetinohk Energy Corp. (TSX:KEC:CA),Tourmaline Oil Corp. (OTCPK:TRMLF) and Cenovus Energy Inc.
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Alliance for Climate Justice and Clean Energy (ACJCE) has questioned the Sindh Engro Coal Mining Company (SECMC) petition for determination of contract stage tariff, which could make Thar coal power expensive, thus killing its purpose of cheap energy for end consumers.
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A programme of the Sindh government to use solar power for energising some 200,000 off-grid homes in the rural areas with the assistance of the World Bank would be completed by 2024, the provincial assembly was informed on Monday.
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Fauji Fertilizer Bin Qasim Limited (FFBL) announced a power outage that is expected to last for over four weeks. In a letter to the PSX, Company Secretary Brig Khurram Shahzada shared that the FFBL’s power supply from FFBL Power Company Limited (FPCL) has been disrupted due to a technical issue.
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The distribution licence of K-Electric Limited (KEL) and its exclusivity is due to expire on July 20, as the company has sought 20 years extension in the terms of its licence. K-Electric Limited (KEL) has requested to extend the term of its distribution licence for another period of 20 years (up to July 20, 2043) in line with
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Sui Southern Gas Company (PSX: SSGC) is all set to introduce its new venture, SSGC AE (Alternate Energy) which is expected to bring around Rs8 billion by tapping into other markets and offering renewable energy solutions, the management of the company revealed during the corporate briefing held on Monday.
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Pakistan Petroleum Limited (PPL), a national E&P company and one of the largest corporate donors, recently funded a science laboratory at Akhuwat College in Kasur to facilitate hands-on science-based teaching and learning and for free-of-cost quality
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