Month: September 2020

ISLAMABAD: The Petroleum Division is in the process of formulating a vibrant policy to exploit massive shale gas and oil reserves by attracting multinational companies in the exploration sector of the country. According to a latest official document available with APP, the Shale Gas Policy will attract many multinational companies to come to Pakistan for undertaking exploration to discover Shale gas and oil in the country. In 2015, a study completed in cooperation with the United States Agency for International Development (USAID) had confirmed the presence of 10,159 trillion cubic feet…

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Elon Musk said he “feels a bit bad” about hating on the oil and gas industry through the years, saying that many oil companies built their business of producing and burning fossil fuels before it became clear that oil and gas contribute to climate change. In a wide-ranging conversation on the Sway with Kara Swisher of The New York Times, Tesla’s founder and chief executive said “Honestly, I feel a bit bad about hating on the oil and gas industry.” “For a lot of the people in the oil and…

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The submarine world is now undergoing some of the fundamental changes it has seen in the last 40 years and there are signs that those changes may be the biggest, since the order was first given to “take her down.” New technologies are producing capabilities long known to be possible, but not practical. However, with the introduction of superior weapons and sensors, powerful combat suites, capability to launch special payloads like Unmanned Underwater Vehicles and Autonomous underwater vehicles, land attack capability, enhanced submerged autonomy rendered by the combination of an…

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Trials of a hydrogen-powered train are underway in the U.K. with an initial journey successfully completed between the locations of Long Marston and Evesham in the West Midlands region of England. The HydroFLEX train — which has been developed by a team from the University of Birmingham and Porterbrook, a rolling stock firm — uses a fuel-cell which combines hydrogen and oxygen to generate electricity, heat and water. The train has been fitted with a range of kit inside one of its carriages. This tech includes a hydrogen fuel tank,…

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ISLAMABAD: The Power Division on Tuesday took the Federal Cabinet in confidence over a string of measures to contain pace of increase in the circular debt and suggested some unpopular proposals for curtailing capacity payments to independent power producers (IPPs). The cabinet meeting chaired by Prime Minister Imran Khan took a special briefing from Planning and Development Minister Asad Umar and Special Assistant on Power Shahzad Qasim over the rising capacity payments to IPPs, which is one of major cause of circular debt. The proposed plan includes seven or eight…

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