Month: March 2020

The International Energy Agency (IEA)  says wind and solar energy need to play a much greater role in order for countries to meet sustainability goals, but it is extremely difficult to envisage them doing so without help from nuclear power. Nuclear power today makes a significant contribution to electricity generation, providing 10% of global electricity supply in 2018. In advanced economies, nuclear power accounts for 18% of generation and is the largest low-carbon source of electricity. However, its share of global electricity supply has been declining in recent years. The IEA’s…

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Oil’s rout may have been an unexpected boon for the biggest buyers of liquefied natural gas, but its knock-on effects may come back to bite them. That’s because more than a dozen proposed LNG export projects from the U.S. to Mozambique are at risk of being delayed or scrapped as crude careened to levels that make most of them unprofitable. If fewer of them come to fruition, that would ease a widening LNG supply glut later this decade and potentially lift prices amid breakneck demand growth in Asia. The multibillion-dollar export terminals…

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Mari Petroleum Company Limited (MPCL) successfully hosted the first ever national risk management conference in Pakistan. There, they also launched IRM Pakistan Regional Group, which is the first formal risk management group at a national level in Pakistan. The idea is to shed light on and promote the practice of corporate risk management on a larger scale.News Desk -March 13, 2020 On the 10th of March in Islamabad, Mari Petroleum Company Limited (MPCL) organized a conference to launch the Institute of Risk Management’s (IRM) Regional Group, where President Dr. Arif-ur-Rahman Alvi…

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The Pakistan stock market crashed on Friday, but amidst all the doom and gloom smart money was chasing one stock: Oil and Gas Development Company Limited. When the KSE-100 was bleeding, down 4.6% within five minutes of the market’s opening, the share of oil and gas giant OGDCL hit Rs96.20, its lowest level in more than five years. It appreciated slightly to Rs96.55 when trade halted for 45 minutes to stop the panic. After the trade halt was lifted, OGDCL’s stock rose 3.6% to Rs103.75 per share with three million shares changing hands. The oil and…

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March 12, 2020: A recent waste crude oil spillage, after recent heavy rain spell, in the Nirali Dam of Gujar Khan has posed a serious threat to human health and the environment in the vicinity. Assistant Director Punjab Environment Protection Department (EPD) Amin Baig has said that the crude oil leakage occurred in the Adhi Oil field of Pakistan Petroleum Limited (PPL). “After reports of the oil flow over into the reservoir, the EPD team visited the site and took the PPL administration on board whereas DO Fisheries Muratab Ali also…

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