Louisiana oil and gas industry in danger after President Biden cancels 80-million-acre oil lease sale

This comes after President Joe Biden cancelled a March oil lease sale in the Gulf of Mexico. Nearly 80 million acres of available leases would have been sold this week. The damage to Louisiana’s oil and gas companies started in January when President Biden signed an executive order banning all new oil and gas leases on public land and waters…

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Regularization of services: HESCO’s contract employees hold protest rally

HYDERABAD: The contract employees of Hyderabad Electric Supply Company (HESCO) on Thursday staged a protest demonstration for regularization of services. HESCO employees led by Ali Gohar Chana, Shahid Jokhio, Shahid Jokhio, Zafar Jatoi and others took out rally opposite Hyderabad Press club for acceptance of their demand to regularize services as according to them, contract employees of Sukkur Electric Power…

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KE committed to ensure fresh industrial connections’

KARACHI: K-Electric is fully committed and engaged with industry stakeholders to ensure fresh electricity connections as well as load-enhancement for its industrial consumers. The power utility has prioritized its industrial customers and continues to do so following the recent decision of the Cabinet Committee on Energy (CCoE) to discontinue gas supply to captive power plants of non-export related industries. It…

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Management issues caused countrywide breakdown: NTDC

ISLAMABAD: An inquiry committee of the National Transmission and Dispatch Company (NTDC) has identified governance, ownership problems and poor chain of command for countrywide power breakdown early this year, but has absolved its own team of any responsibility. In its report, the four-member inquiry committee also quoted letters written by some of its members for improvement of the electricity generation system…

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ECC may stop payments to IPPs

SLAMABAD:The Economic Coordination Committee (ECC) is likely to approve the withholding of billions of rupees worth of payments to the independent power producers (IPPs) following an investigation launched by the National Accountability Bureau (NAB). The Inquiry Committee on Power has said that the IPPs had received excess payment of Rs1,000 billion. However, rather than demanding the return of payments, the…

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