SINGAPORE: State-owned QatarEnergy has signed a long-term sales and purchase agreement with oil and gas major Shell to supply it with liquefied natural gas (LNG) for delivery to China. The deal is for the supply of three million metric tons per annum year of LNG, said QatarEnergy in a statement on Monday, adding that the agreement will start in January…
Read MoreDay: December 2, 2024
Oil rises on Chinese data, Middle East tensions
HOUSTON: Oil prices rose on Monday, as strong factory activity in China buoyed hopes of higher demand, and as escalating tensions in the Middle East, where Israel resumed attacks on Lebanon despite a ceasefire deal, spurred supply concerns. Brent crude futures climbed 36 cents, or 0.49%, to $72.20 a barrel by 10:44 a.m. EST (1544 GMT) while U.S. West Texas…
Read MoreGoodWe Recognized Among Forbes China Go-International Series Top 30 Brands for Exceptional Contributions to Global Energy Transition
GoodWe, a global leader in solar inverter manufacturing and energy solutions, has been named among the Top 30 Brands in the 2024 Forbes China Go-International Series. This recognition highlights the company’s outstanding achievements in globalization, innovation, and its role in shaping global markets. At the award ceremony, Cameal Yu, International Marketing Director of GoodWe, expressed gratitude for the recognition: “This…
Read MorePakistan’s Inclusion in International Engineering Alliance to Be Decided in June 2025
ISLAMABAD: The International Engineering Alliance (IEA) is set to decide on Pakistan’s inclusion during its annual meeting in Mexico in June 2025. The Pakistan Engineering Council (PEC) recently hosted a review meeting at its headquarters, attended by representatives from three signatory countries of the International Professional Engineers Agreement (IPEA). Key PEC officials, including Registrar Dr. Nasir Muhammad Khan and heads…
Read MoreInternet Disruptions Persist Across Pakistan, Hampering Work and Education
KARACHI: Internet users across Pakistan, particularly in Karachi and other major cities, are experiencing severe connectivity issues as slow internet speeds continue to disrupt daily life. The sluggish internet has made sending and receiving multimedia messages on platforms like WhatsApp challenging, impacting both Wi-Fi and mobile data services. Those most affected include freelancers, digital marketers, students, and individuals working from…
Read MoreCSAIL Seeks 3-Year LoI Extension for Mahl Hydropower Project Amid Energy Sector Challenges
ISLAMABAD: The China Three Gorges South Asia Investment Limited (CSAIL) has requested a three-year extension for the Letter of Interest (LoI) related to its 640MW Mahl Hydropower Project (HPP) to align its development with Pakistan’s evolving energy requirements, sources revealed. As the government explores options to address surplus energy capacity and rising tariff concerns, it is considering slowing down or…
Read MoreRegal Automobiles Unveils Pakistan’s First Locally Assembled Electric SUV, Seres 3
KARACHI: Regal Automobiles Industries Limited has marked a historic milestone in Pakistan’s automotive sector with the launch of the country’s first locally assembled electric SUV, the Seres 3. The unveiling ceremony, held at the company’s state-of-the-art plant, symbolizes a major leap towards sustainable and eco-friendly mobility in Pakistan. The Seres 3 features cutting-edge technology, including a Permanent Magnet Synchronous Motor…
Read MoreCDWP Calls for Comprehensive Feasibility Study on Rs59 Billion ADB-Funded Power Projects
ISLAMABAD: The Central Development Working Party (CDWP) has directed the Power Division to conduct a detailed techno-economic feasibility study for ADB-funded power distribution projects worth Rs59 billion in three power Distribution Companies (Discos)—LESCO, MEPCO, and SEPCO. This directive follows concerns about the effectiveness of proposed Advanced Protection and Monitoring System (APMS) meters in addressing electricity theft, according to well-informed sources.…
Read MoreGlobal Solar Industry Leaders Announced in BloombergNEF Tier 1 Rankings for Q4 2024
BloombergNEF (BNEF) has released its much-anticipated Tier 1 PV module manufacturers’ rankings for Q4 2024, highlighting the industry’s leading players in solar photovoltaic (PV) manufacturing based on their financial stability and operational scale. Leading the rankings is LONGi Green, which recorded the highest annual module capacity at 120,000 MW, reflecting its robust production capabilities and significant role in meeting global…
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