Category: Uncategorized

The U.S. government this week extended the term of a protection measure against Citgo creditors until July next year, Reuters has reported, noting the measure effectively bars creditors from taking shares in Citgo as repayment for a bond that matured on October 27 this year. The bond was issued by Citgo’s parent company, Venezuela’s PDVSA, operating through a U.S.-based entity. Half…

Tanker owners had a blast in the spring: nations around the world went into lockdown, oil demand slumped, and hundreds of millions of barrels of excessive supply had to be stashed somewhere—offshore. Now, tanker rates are plummeting, and while industry insiders believe there is a light at the end of the tunnel, it is a long tunnel. The tanker market…

K-Electric, the sole electricity provider in the country’s business capital, Karachi, and nearby districts, has selected Oracle Fusion Cloud Supply Chain and Manufacturing (Oracle Cloud SCM) to automate its demand management and supply process for over 600 components of power distribution equipment.  This deployment will contribute to K-Electric’s mission to deliver uninterrupted, safe, and affordable power to Karachiites, as the…

Historian and American University professor Allan Lichtman, who has correctly guessed every United States presidential race winner since 1984, including Donald Trump’s surprise victory in 2016, has predicted that Trump will not get another term. Lichtman measures the chances of the winner based on his “13 keys to the White House” scale. The keys factor in the strength of the…

BENTON COUNTY, Wash. – Scout Clean Energy (“Scout”), announced plans to add solar and battery storage components to a proposed wind farm that would be located just south of the Tri-Cities in Benton County, Washington. The innovative development will combine wind energy, solar energy, and battery energy storage in the same location – making more renewable energy available to customers…

ISLAMABAD: The government has decided to auction unutilized capacity of LNG Regasification Terminals not under government’s use on a short-term basis, Business Recorder reported on Wednesday. Currently two LNG Regasification Terminals are operational, one each under Sui Southern Gas Company Limited (SSGCL) and Pakistan LNG Terminals Limited (PLTL). While SSGCL terminal is operating near capacity, the PLTL terminal is under-utilized with…

KARACHI – July 10, 2020:  Engro Powergen Thar (Private) Limited (EPTL) – a majority owned Company of Engro Energy – and Sindh Engro Coal Mining Company (SECMC) – a joint venture  of the Government of Sindh and Engro Energy with other corporate partners – have successfully completed one full year of commercial operations of both Block II mine and power…

The State University of New York at Fredonia (SUNY Fredonia) announced that construction is starting on its first solar/battery project. The New York Power Authority (NYPA), as the campus’ energy advisor, is overseeing the project. Selected in a competitive bidding process, the state’s strategic partners Oriden, a Mitsubishi Hitachi Power Systems venture, and Solar Liberty are designing, installing and financing…

The Cabinet Committee on Energy (CCOE) on Saturday constituted a high-level committee that would review a set of incentives for the import of liquefied petroleum gas (LPG) by public sector companies in a bid to provide the fuel to remote and hilly areas. The Petroleum Division presented the incentives to the cabinet committee, in a meeting held on Saturday and…