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

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] These 30 women are the most beautiful in the world Easyvoyage Top 5 reasons to live and study in Warrnambool, Australia Deakin University International by TaboolaSponsored Links Pakistani PM Imran…

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Issues in energy for development

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 ‘stop-go’ growth driven by energy shortages and excessive costs both of which arise from mismanagement. Energy policy has been reactive, lacking coherence, foresight as well as cost consciousness. Instead of…

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Shale Decline Inevitable As Oil Prices Crash

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 margin since the Japanese attack on Pearl Harbor in December 1941.” In other words, it has been nearly 80 years since U.S. oil and gas stocks have performed so badly…

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

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. in 2017. However, the report stated that as of yet, no final decision has been made and the company is seeking input from the Ministry of Energy. According to Bloomberg…

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The Dark Side Of Hydropower

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 of energy. As of 2019, the world’s total renewable energy capacity stood at 2,351 GW, of which around half—or 1,172 GW—was hydropower capacity. This includes both large dams and so-called…

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PPL supports SIUT and the Kidney Centre

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 Director SIUT Dr. Syed Adibul Hasan Rizvi at SIUT’s main premises on February 26. The donation will be utilized for purchase of a Lithoclast surgical machine used in removal of kidney stones.…

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

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 clean, affordable and reliable electricity was vital for poverty reduction, sustainable development and economic growth. “We urgently need a long-term solution to Pakistan‘s energy needs and this can only be achieved through working…

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PTI govt defers decision on halting OGDC stake sale

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 price of the blue-chip company. OGDC’s share price dropped nearly 2% to Rs124.7 per share at the close of Tuesday’s trading session, which was 42.2% below the 2014 level of…

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PPL earnings drop 19% to Rs24.4 billion

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 Rs79.1 billion to Rs85.6 billion in the half year on the back of 14% year-on-year rupee devaluation against the greenback. “However, oil and gas production witnessed 2% and 13% year-on-year…

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Pakistan LNG Mulls Axing Supply Deals as Cheap Options Arise

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 people, who asked not to be identified because the matter is private. No final decision has been made and the company is seeking input from the Ministry of Energy, said…

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