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Author: Admin

OGDCL Produces 33,443 BPD Oil , 779 MMCFD Gas In 1st Quarter

Admin

Oil and Gas Development Company Limited (OGDCL), during the first quarter of the current fiscal year, has produced around 33,443 BOPD, 779 million MMCFD gas and 722 TDP LPG. The production witnessed a little decline as compared to 37,347 Barrel per Day (BPD) oil, 845 Metric Million Cubic Feet per Day (MMCFD) gas, and 805 Tons per Day (TPD) Liquefied Petroleum Gas (LPG) during the same period of the year 2021-22 due to torrential rains.…

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Shezhen Growatt New Energy, partners Trisun Energies, for 100 MW of solar inverters in Pakistan within
2023

Admin

Residential No: 1 Solar Inverter Growatt and Leading renewable company Trisun has signed a memorandum of understanding to help Pakistan supplying its PV inverters by 100 Megawatts in the year 2023. Trisun Energies signed the MoU with Growatt, the world’s leading renewable energy Inverter Company, for distribution of PV Inverters in Pakistan of accumulative 100 MWs generation capacity at various…

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Oil’s topsy turvy ride

Admin

After spiking for some time, crude oil prices tumbled in early December on concerns of continued weakening of the global demand. Global oil prices receded by more than 20 percent on the onset of business cycle slowdown around the world. This came after an explosive upcycles in commodity prices after the first wave of COVID. After peaking in mid-2022, demand…

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Nuclear Fusion Breakthrough: Can The Quest For Clean Energy Finally Help Tackle The Climate Crisis?

Admin

Scientists at the Lawrence Livermore National Laboratory in California have managed to get more energy out of a nuclear fusion reaction than they put in to trigger it, the U.S. Department of Energy announced Tuesday, a major breakthrough experts told Forbes is a huge step towards developing a near-limitless source of clean energy that is probably still decades away and will arrive too late…

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CPEC fruit: 1,320MW project initiated

Admin

As Pakistan’s energy import bill touched an exorbitant $27 billion, Prime Minister (PM) Shehbaz Sharif underlined the need to explore indigenous resources including hydel, solar, air and coal to produce cheap electricity. Federal Minister for Power Khurram Dastgir Khan stated that a 1,320MW project has been initiated by the Shanghai Electric Group in Thar to use indigenous coal for electricity…

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Plea against gas outages referred to high court bench headed by CJ

Admin

A Peshawar High Court bench on Tuesday referred a petition against the outages and low pressure of natural gas supplied to domestic consumers in Khyber Pakhtunkhwa to another chief justice-headed bench, which is already hearing the matter. The development came after Justice Mohammad Ibrahim Khan and Justice Ijaz Anwer heard arguments on the petition filed by advocate Abbas Khan Sangeen,…

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PAKISTAN’S CIRCULAR DEBT CROSSES RS4.177 TRILLION

Admin

The circular debt of Pakistan’s energy sector has crossed an alarming level of Rs4,177 billion, ARY News reported on Tuesday, citing sources familiar with the development. With the country’s economic situation getting appalling, the documents have revealed that Pakistan’s energy sector is running completely on credit. The circular debt in the energy sector is also swelling as the government is unable…

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