Month: January 2020

ABU DHABI, (UrduPoint / Pakistan Point News / WAM – 12th Jan, 2020) Crescent Petroleum has outlined a range of efforts aimed at ensuring a sustainable future for company and the region in the decades ahead. Majid Jafar, Crescent Petroleum’s CEO, announced the company’s sustainability efforts during the opening panel of the Atlantic Council Global Energy Forum. The panel, titled “Setting the 2020 Energy Agenda”, focused on the geopolitical risks in the energy industry, the drive to lower carbon emitting fuels, and the developments shaping the 2020 energy agenda that will determine the future of energy. Jafar said…

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Lately, there is a rift between Federal and Sindh governments on natural gas supply and pricing. The Centre’s desire is to have weighted average gas price formula of natural gas in Sindh by inclusion of RLNG in supply, whereas the Sindh government is asking for the constitutional right to use the domestic gas produced within the province. The problem is that domestic gas supply is falling whilst the demand is increasing. Without any fresh major gas discovery (not in sight), the gap is to be widened and the province-Centre tussle…

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This isn’t a revolution. It’s an evolution, and while that may lack the shock and awe of something like the shale boom, its long-term impact is extreme. This is the world of renewable energy, and three decades of progress shows a clear and undeniable pattern. close [x]PauseUnmuteLoaded: 0%Progress: 0%Remaining Time -0:05Fullscreen It’s hard to believe that we’ve been using solar and wind power for about thirty years now. The technology behind this type of renewable power generation may be even older, but the first data for solar and wind generation dates back only…

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The Petroleum Division has floated an international tender for the auction of 18 new blocks aimed at expediting oil and gas exploration activities to meet the country’s energy needs in an efficient manner, an official of the Petroleum Division said. According to the Petroleum Division there has been a 7 percent decline in domestic gas production and 5 percent growth in consumption compared to winter 2018, thereby effectively creating a 12 percent gap between consumption and supply. Before floating international tenders, Petroleum Division proposed additional incentives for oil and gas…

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We can whine all day about the market but to be honest the liquid petroleum gas business is very lucrative, an LPG agency owner told SAMAA Digital. The Oil and Gas Regulatory Authority (Ogra) has hiked the price of LPG across Pakistan by over 18% for January. According to an official notification, the price of LPG for consumers is Rs1,791.48 for a standard 11.8kg cylinder. This translates to around Rs152 per kg. The prices set by Ogra depend on a number of factors, like the demand to supply ratio and gas…

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