The Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production (E&P) firm, has reappointed Ahmed Hayat Lak as Managing Director and Chief Executive Officer (MD & CEO) for a three-year term. The announcement was shared via a notice to the Pakistan Stock Exchange (PSX) on Thursday. “This is to inform that the Board of Directors of the…
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KARACHI: Experts have raised alarms over the environmental impact of coal mining in Tharparkar, Sindh, highlighting its role in increasing lightning strikes in the region. Greenhouse gas (GHG) emissions from coal mining and power plants are driving localized warming and atmospheric humidity, contributing to severe weather anomalies, according to a study launched on Friday by the Policy Research Institute for…
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ISLAMABAD: Korean investors have raised concerns with Pakistani Commerce Minister Jam Kamal Khan regarding delays and issues affecting development projects in Pakistan during his visit to South Korea. Executive Director UM Sung-Yong of the EDC Operation Group at Korea Eximbank outlined the status of ongoing projects, detailing processes of approval, scrutiny, and execution. He acknowledged the efficient handling of projects…
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ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced revised Regasified Liquefied Natural Gas (RLNG) prices for January, reflecting a slight decrease for Sui Northern Gas Pipelines Ltd (SNGPL) and an increase for Sui Southern Gas Company (SSGCL), amidst record-high system losses. Karachi-based SSGCL, serving Sindh and Balochistan, saw its system losses surge to 16.16% from 13% last month.…
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ISLAMABAD: The Oil & Gas Regulatory Authority (OGRA) has initiated an investigation into complaints of overcharging for liquefied petroleum gas (LPG) by Sui Northern Gas Pipelines Ltd (SNGPL). Consumer Rights Advocacy (CRA), an Islamabad-based non-profit organization, reported to OGRA that SNGPL was selling LPG cylinders at Rs3,253, exceeding the maximum notified price of Rs2,953.36 for an 11.8-kg cylinder set by…
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London: The UK is facing a critical gas shortage, with reserves expected to last less than a week due to increased demand caused by severe cold weather. This warning was issued by Centrica, the parent company of British Gas. However, the government has assured that the country currently has sufficient gas to meet demand and is closely monitoring reserves. A…
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As wildfires ravaged California, claiming at least 10 lives and destroying nearly 10,000 structures, scientists confirmed a grim milestone: 2024 was the first year global temperatures exceeded 1.5ºC above pre-industrial levels. The European Union’s Copernicus Climate Change Service (C3S) reported that the planet’s average temperature in 2024 was 1.6ºC higher than in the 1850-1900 period, making it the warmest year…
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