Month: November 2020

Canada’s Oil And Gas Sector Sees Record Job Losses

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A total of 37 percent of oil and gas companies in Canada resorted to permanent layoffs due to the pandemic-driven oil price and oil demand slump, a recent survey of energy labor market organization PetroLMI showed. The energy firms in Canada launched measures to reduce labor costs across their organizations, according to the survey of energy workers and executives carried out by PetroLMI, a division of Energy Safety Canada. At the time of the survey in August and September, 68 percent of energy workers said their company had implemented at…

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Investors plan major move into renewable energy infrastructure

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Global investors managing nearly $7tn (£5.2bn) of assets plan to almost double their spending on renewable energy infrastructure over the next five years amid deepening concerns over the fossil fuel industry’s climate plans, according to a report. A survey of institutional investors found that they are planning to increase their renewable energy investments from 4.2% of their overall portfolio to 8.3% in the next five years and 10.8% within the next decade to about $742.5bn. The survey of more than 100 investors, representing $6.9tn of assets under management, found that…

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Waste-to-Energy: The way forward in waste management

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Millions and millions of tons of trash is dumped every day, globally, either on landfill sites; to be recycled later or directly into oceans. A huge quantity of trash accumulated by the oceans creates havoc for marine life, in fact due to ‘oceanic littering’ and other human activity; various areas are on the verge of an ecological disaster, whereas coral reefs and precious indigenous marine life is on the brink of extinction. Although, some states have ramped up conservation efforts to save oceans from the lingering disaster, however, these efforts…

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Industry rejects SSGC’s plea for gas price hike

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ISLAMABAD: Major stakeholders including commercial and industrial representatives on Monday opposed increase in prescribed gas prices demanded by the Karachi based Sui Southern Gas Company Ltd (SSGCL) to meet its revenue requirements for the current fiscal year. Instead the All Pakistan Textile Mills Association (Aptma) made a case for cut in the well-head gas price to reduce the cost of gas supply and cover up SSGCL’s revenue gap. This was also supported by the SSGCL. Other key stakeholders including car manufacturers, ceramics association and Karachi Chamber of Commerce and Industry…

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SNGPL proposes steep hike in gas prices

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ISLAMABAD (Dunya News) – Sui Northern Gas Pipelines Limited (SNGPL) has requested to impose an additional burden of more than Rs 250 billion on its consumers. OGRA will hold a public hearing on SNGPL’s proposal on November 26. According to Oil and Gas Regulatory Authority (OGRA), Sui Northern has demanded an increase of Rs 773.50 per MMBTU in gas price from July 1, 2020. It has proposed to fix the average price of gas at Rs 1,404.91 per unit. In terms of operating income, an increase of Rs 60.41 per…

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