ISLAMABAD: The Cabinet Committee on Energy (CCOE) has formed a committee to streamline the process for providing industrial gas connections in Balochistan. The committee will formulate criteria for approving the new connections to eliminate possibility of any discretionary decision. A meeting was held under the chairmanship of Federal Minister for Planning, Development and Special Initiatives Asad Umar in Islamabad on Thursday. The…
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ISLAMABAD: Pakistan and Turkmenistan are engaged in efforts to deepen trade relations between the two countries. During a meeting between Ambassador of Turkmenistan to Pakistan Atadjan Movlamov and Adviser to Prime Minister on Commerce Abdul Razak Dawood, both sides discussed the historical bilateral relations. They agreed that the bilateral trade was below its true potential and resolved to increase the…
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The Trump administration has finalized a plan that will open up more land for oil and gas drilling in the Alaska Petroleum Reserve, the Bureau of Land Management said this week, adding that the plan covers 18.6 million acres in the reserve. At the same time, the BLM closed 4 million acres to oil and gas drilling, including the habitats…
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South Korea has dispatched military forces to the Strait of Hormuz after the Iran Revolutionary Guard seized a Korean-flagged oil tanker yesterday. According to Arirang News, the dispatched force is South Korea’s anti-piracy unit. It comprises a 300-strong force, a helicopter, and a 400-ton destroyer. “The South Korean tanker was stopped in the waters of the Persian Gulf” because of…
Read MoreOPEC+ fully complied with the supply cuts in November that the group agreed on, two sources from the group told Reuters. OPEC+ is scheduled to meet on January 4 to discuss how much the group will produce in February and beyond. The group is also set to meet monthly to determine the production quotas for the following month, after weighing…
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ExxonMobil is on track to book another quarterly loss this year—its fourth consecutive loss in 2020—announcing that it expects to book a massive up to $20-billion write-down for Q4, the U.S. oil and gas supermajor signaled in an SEC filing on Wednesday. Impairments of between $18 billion and $20 billion will weigh on the fourth-quarter earnings in Exxon’s upstream division,…
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ISLAMABAD: The oil and gas Exploration & Production (E&P) companies have planned to inject around 150 Million Cubic Feet per Day (MMCFD) additional gas in the transmission network in the coming days from their different fields to meet the increased demand of the commodity during current winter. “Additional local gas and increased import of Liquefied Natural Gas (LNG) will help…
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The biggest challenge facing the government today is the power sector. These words were echoed by none other than Prime Minister Imran Khan himself earlier last week. These words have been echoed midway in their respective tenures by PM Gilani and PM Sharif as well. A decade on, and the power sector remains a headache. Safe to say, it has…
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Last week I read a press release that piqued my interest. Vancouver-based Lithium Americas Corp. announced that they had received an environmental impact statement (EIS) from the U.S. government for a proposed lithium mining project in Nevada. The EIS is required for certain projects that have the potential to significantly impact the environment. It is an important milestone in getting…
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akistan’s contribution was one of the few bright spots at the recently concluded virtual Climate Ambition Summit. Prime Minister Imran Khan announced that two major coal projects would be scrapped and declared the country will have no more “power based on coal” but instead build more hydropower. However, it became quickly apparent that Khan’s statement will not affect over 7,000 MW…
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