Female Pakistani aerospace engineer Dr Sarah Qureshi unveils an engineering marvel which would take aviation industry by storm

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ISLAMABAD – A female aerospace engineer from Pakistan is developing a pollution-free engine for airplanes which will reduce global warming and induce artificial rain during flight. Dr. Sarah Qureshi, who holds a Master’s in Aerospace Dynamics and a Ph.D. in Aerospace Propulsion from Cranfield University, UK, is confident that her invention will take the aviation industry by a storm. [Gallery]…

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Issues in energy for development

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The welfare of humanity has critically depended on our ability to harness and use energy. Development in Pakistan has similarly faced huge obstacles resulting largely from our inability to organise the availability of energy at a reasonable cost in a world where energy supply is plentiful and evolving technology is making it cheaper. Our history is replete with episodes of…

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Shale Decline Inevitable As Oil Prices Crash

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The U.S. shale industry continues to show signs of slowing down, with production declining in major shale basins outside of the Permian.close [x]PauseUnmuteLoaded: 56.44%Remaining Time -0:36Picture-in-PictureFullscreen Financing stress has plagued the shale sector for quite some time, but investors continue to bail on oil and gas stocks. The FT points out that the energy sector is now underperforming the S&P 500 “by the biggest…

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Pakistan is Considering Killing 2 LNG Deals After Receiving Cheaper Offers: Bloomberg

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The state-owned Pakistan LNG Ltd, which is the main buyer of liquefied natural gas, is considering canceling two long-term contracts because of a slump in market prices and abundant production, which have created opportunities for cheaper supply, reported Bloomberg. Pakistan LNG Ltd. is weighing the possibility of exercising termination clauses in contracts it signed with Eni SpA and Gunvor Group Ltd.…

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The Dark Side Of Hydropower

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Hydropower is the largest single source of renewable electricity in the world, dwarfing solar and wind. As such, it has established a positive reputation in the media and many academic papers. But that’s not the whole story … close [x]PauseUnmuteLoaded: 100.00%Remaining Time -0:08Picture-in-PictureFullscreen Hydropower has a darker side that is threatening freshwater ecosystems more than oil, more than gas, and more than any other form…

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PPL supports SIUT and the Kidney Centre

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Karachi: February 27, 2020: Pakistan Petroleum Limited (PPL) donated Rs. 10 million to Sindh Institute of Urology and Transplantation (SIUT) and Rs. 5 million to The Kidney Centre (TKC) for provision of quality healthcare to deserving populations as part of its long-term and diverse Corporate Social Responsibility Programme.  MD and CEO PPL Moin Raza Khan presented the cheque to Professor and…

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Affordable, Clean Energy Vital For Poverty Reduction, Economic Growth: VC NEPRA

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Vice Chairman National Electric Power Regulatory Authority (NEPRA) Bahadur Shah on Tuesday said that provision of clean, affordable and reliable electricity was vital for poverty reduction, sustainable development and economic growth ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 25th Feb, 2020 ) :Vice Chairman National Electric Power Regulatory Authority (NEPRA) Bahadur Shah on Tuesday said that provision of…

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PTI govt defers decision on halting OGDC stake sale

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ISLAMABAD: The government on Tuesday deferred decision on a proposal that sought a halt to the privatisation of Oil and Gas Development Company (OGDC) amid concern whether authorities could achieve the revised Rs1.5 trillion non-tax revenue target. The Petroleum Division had proposed the Cabinet Committee on Privatisation (CCOP) to stop the OGDC divestment process due to a steep fall in share…

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PPL earnings drop 19% to Rs24.4 billion

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KARACHI: Pakistan Petroleum Limited’s (PPL) profit dropped 19% to Rs24.4 billion in the half year ended December 31, 2019, dented by higher operating and exploration expenses. PPL reported lower-than-expected earnings during the outgoing quarter. This deviation from our estimates was mainly on account of higher-than-expected exploration expenses,” said Topline Securities’ analyst Fawad Basir. Revenue depicted an uptrend as it increased from…

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Pakistan LNG Mulls Axing Supply Deals as Cheap Options Arise

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Pakistan’s main buyer of liquefied natural gas is considering canceling two long-term contracts as a slump in spot prices and abundant production create opportunities for cheaper supply, according to people familiar with the situation. State-owned Pakistan LNG Ltd. is weighing the possibility of exercising termination clauses in contracts it signed with Eni SpA and Gunvor Group Ltd. in 2017, according to the…

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