The Sindh Assembly denounced on Monday the increase in CNG and LNG prices by the federal government. As the house took up debate on the matter, the treasury benches and lawmakers of the Grand Democratic Alliance from the opposition aisle demanded of the Centre to withdraw its decision to increase prices of both the liquified natural gas (LNG) and compressed…
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Aberdeen-based offshore rig inspection company ADC Energy has won a contract with an undisclosed USA-based LNG company to identify and select offshore drilling rigs suitable for conversion for LNG operations. ADC Energy said that it had already begun conducting audits to identify suitable drilling rigs as part of this contract. The deal involves international engineering teams selecting a range of…
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The price of LPG has increased by Rs 20 per kg by the Marketing companies on Tuesday without the Oil and Gas Regulatory Authority (OGRA) notification. The LPG prices were augmented by Rs 20 per kg, Rs 908 per domestic cylinder, and Rs 236 per commercial cylinder. However, One kilogram of LPG will now cost Rs195. The LPG cylinder used…
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A coal miner was killed after being buried alive when a portion of a coal mine collapsed in the Harnai district of Balochistan, local Levies officials confirmed on Tuesday.https://imasdk.googleapis.com/js/core/bridge3.482.0_en.html#goog_13302168450 seconds of 10 secondsVolume 0% Levies said that the incident occurred in a coal mine in the Shahrig area near Harnai. The body of the deceased, identified as Gul son of…
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While lawmakers belonging to the opposition Grand Democratic Alliance (GDA) and Muttahida Qaumi Movement-Pakistan (MQM-P — the two allies of the federal government — along with Pakistan Peoples Party members vehemently condemned the recent hike in petroleum prices and short supply of gas in Sindh, Energy Minister Imtiaz Ahmed Shaikh told the Sindh Assembly on Monday that a severe gas…
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The Federal Cabinet which is scheduled to meet on Tuesday (today) with Prime Minister Imran Khan in the chair, is likely to approve payment of Rs 52.432 billion, 40 per cent of the total amount payable to 11 Independent Power Producers (IPPs of 2002 policy), import of 50,000 tons of sugar and Kamyab Pakistan Programme (KPP). The KPP has been…
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China’s pledge to stop building coal-fired power plants overseas could cull $50 billion of investment as it slashes future carbon emissions, analysts said, although Beijing’s own domestic coal programme is still propping up the dirty fossil fuel. Chinese President Xi Jinping said in a pre-recorded address at the United Nations General Assembly on Tuesday that China would help developing countries…
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A delegation of All Pakistan CNG Association (APCNGA) led by its chairman Khalid Latif called on Finance Minister Shaukat Tarin at the Finance Division on Monday, ARY News reported. Federal Board of Revenue (FBR) Chairman Muhammad Ashfaq Ahmed, Oil and Gas Regulatory Authority (OGRA) Chairman Mansoor Khan, senior officers from the Petroleum Division and representative of Federation of Pakistan Chambers…
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China’s energy crisis is shaping up as the latest shock to global supply chains as factories in the world’s biggest exporter are forced to conserve energy by curbing production. The disruption comes as producers and shippers race to meet demand for everything from clothing to toys for the year-end holiday shopping season, grappling with supply lines that have been upended…
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Byco Petroleum Pakistan Limited (Byco), Pakistan’s largest vertically integrated oil refining company, today reported financial results for the year ending June 30, 2021. Despite tough business conditions, the company earned revenue and gross profit of Rs. 142.1 billion and Rs. 8.1 billion respectively during the twelve months, from Rs. 173.8 and Rs. 2.9 billion last year. The net profit climbed…
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