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Author: Admin

OGDCL Announces Production Revival at KPD Field, Boosts National Energy Security

Admin
Oil-Gas

ISLAMABAD, December 12, 2023: The Oil & Gas Development Company Limited (OGDCL) on Tuesday announced the revival of production at the Kunnar Pasakhi Deep (KPD) Field in a significant stride towards strengthening Pakistan’s energy landscape. This achievement is a testament to OGDCL’s commitment to addressing the decline in gas production and contributing to the nation’s socio-economic development.As part of its…

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Aramco to acquire a 40% stake in Gas & Oil Pakistan

Admin
Gas-Oil

DHAHRAN, Saudi Arabia, December 12, 2023 – Aramco, one of the world’s leading integrated energy and chemicals companies, today signed definitive agreements to acquire a 40% equity stake in Gas & Oil Pakistan Ltd. (“GO”). GO, a diversified downstream fuels, lubricants and convenience stores operator, is one of the largest retail and storage companies in Pakistan. The transaction is subject…

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ECNEC approves 9 projects worth Rs. 371bn

Admin
oil-gas.

ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) on Monday approved nine projects of different sectors worth over Rs 371 billion. Caretaker Federal Minister for Finance, Revenue and Economic Affairs Dr Shamshad Akhtar chaired the meeting of the ECNEC here on Monday. The meeting was attended by the caretaker Minister for Planning, Development and Special Initiatives Sami Saeed,…

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Ogra chief says gas tariff could go up

Admin
LNG-chain

LAHORE: Talking about the possibility of a gas tariff hike, Oil & Gas Regulatory Authority (Ogra) Chairman Masroor Khan has said costly liquefied natural gas (LNG) is being imported as domestic reserves deplete. Speaking at a public hearing on Monday on the Sui Northern Gas Pipelines Limited (SNGPL) petition for a review of its estimated revenue requirement and prescribed prices…

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ARL shuts down two plants as OMCs snub local products

Admin
New-ARL

KARACHI/ISLAMABAD: Attock Refinery Limited (ARL) has shut down two of its crude distillation plants due to reduced off-take of finished products by oil marketing companies (OMCs), raising concerns about gas shortages during the winter peak, officials said on Monday. The company’s decision follows reported inaction by the Oil and Gas Regulatory Authority (OGRA) and senior officials in the Petroleum Division…

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Affordable and Abundant Solar and Hydrogen are Key in the Fight Against Climate Change

Admin
cop

DUBAI, United Arab Emirates, December 8, 2023 – As we gather for COP28, the urgency of confronting climate change has never been more apparent. Li Zhenguo, Founder & President of LONGi Green Energy Technology Co., Ltd., delivered a compelling address via the live stream of the United Nations COP28 Conference on December 8. In this speech, he emphasized the crucial role of…

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Nepra seeks urgent fees, more penalties on consumers

Admin
KE’S- 7-YEAR- INVESTMENT-ROADMAP

ISLAMABAD: The revised con­s­umer service manual unveiled by the power regulator Nepra introduces additional charges and stringent measures for electricity consumers, including a 14 per cent interest rate on bill instalments and an ‘urgent fee’ for priority connections. The proposed regulations — set to be discussed at a public hearing on Dec 19 before implementation — have been announced despite…

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DEA GROUP OF COMPANIES CELEBRATES A RESOUNDING SUCCESS AT ITS 15TH ANNIVERSARY EVENT

Admin
Dynamic-Engineering

An Evening of Reflection, Recognition, and Resilience Karachi, Pakistan – December 2, 2023 – Dynamic Engineering and Automation (DEA) Group of Companies is thrilled to announce the overwhelming success of its 15th-anniversary celebration, held on December 1, 2023. The event was a heartwarming testament to DEA’s journey of excellence and innovation over the past 15 years. Highlights of the Celebratory…

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