The Houthi-led government in Yemen this weekend signed a deal with Chinese officials and a Chinese company that will invest in oil exploration in Yemen. China’s Anton Oilfield Services Group (AntonOil) and a representative of the Chinese government signed on Saturday the memorandum
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Directorate General of Audit Petroleum and Natural Resources has found shortcomings in supply of subsidized RLNG to Export Oriented Units (EoUs), which was massively misused as no monitoring mechanism was framed by the ministry of Commerce (MoC) and Federal Board of Revenue (FBR) for checking
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As the country’s energy sector is facing a cumulative circular debt of stock of over Rs 4 trillion, Nuclear Power Plants (NPPs) are also victim of indecisions of federal government entities with respect to payment of overdue receivables. Of Rs 4 trillion total circular debts, Rs 2.6 trillion is related to power sector whereas the stock of petroleum sector stands at Rs 1.7 trillion.
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The Pakistan Metrological Department has released its monthly report for March, which discloses that 42 per cent more rainfall occurred in March than average. Last year, Pakistan bore the brunt of climate change in the form of destructive floods and is still recovering from the loss of $30 billion caused by the floods.
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Electricity generation in April 2023 went down 23 percent year-on-year. April of 2018 saw higher electricity generation than April of 2023. This is how worrisome the slide is – by far the steepest fall recorded in power generation in at least 15 years. The previous low was during the peak Covid three years ago
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OGDCL’s Bettani field prepares to deliver energy boost to Pakistan Oil and Gas Development Company Limited (OGDCL) is gearing up efforts to commence gas production of 10 Million Standard Cubic Feet per Day of gas and 1,000 barrels per day of oil from Wali exploration block, also known as the Bettani field, located in F.R. Laki, Khyber Pakhtunkhwa from the next month of June 2023.
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Emerging oil marketing companies (OMCs) in Pakistan, grappling with financial losses due to the smuggling of Iranian petroleum products in the country, have raised concerns about the effectiveness of the Oil & Gas Regulatory Authority (OGRA) in curbing these illicit trade. In a letter to OGRA chairman,
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Faced with mounting pressure over planet-heating pollution, Gulf Arab energy giants are turning to humble tech start-ups as they search for ways to remove emissions while keeping oil flowing.Oil producers have for years touted capturing carbon before it goes into the atmosphere as a potential global warming solution, against criticism from climate experts who say it risks distracting from the urgent goal of slashing fossil fuel pollution.
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The all out number of absolute dynamic penetrating apparatuses in the US fell by 11 this week, as per new information from Bread cook Hughes distributed Friday, subsequent to falling by 17 last week. The all out rig count tumbled to 720 this week — 8 apparatuses beneath this time the year before. It is the main year-over-year misfortune in…
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Amid inflation already rising at the highest rate in half a century at 36.4 per cent, one of the key contributory factor — the electricity costs — continue to sustain spiking trend as ex-Wapda Distribution Companies (Discos) and K-Electric seek regulatory clearance to extract over Rs50 billion more from their consumers in the sizzling month of June.
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