Month: November 2020

Pakistan and India to witness prolonged, harsh winter this year, experts say

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Pakistan and India are likely to witness a prolonged winter this year, global environmental experts have predicted. According to the Indian meteorology and climate change organisation Skymet Weather’s vice-president Mahesh Palawat, winter in Punjab, Northern Sindh, and Northern Balochistan may be longer and more severe this year.  He said that historically, winter during the La Niña years are harsher and longer in duration, adding that a similar situation was witnessed in 2011 and 2012.  La Niña refers to the periodic cooling of ocean surface temperatures in the central and east-central…

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Air quality in Pakistan and India worsening every day, experts warn

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As the air quality in Pakistan and India continues to decline, experts have warned that the situation will get from bad to worse if not controlled in a timely manner. Pakistan’s Air Quality Index (AQI) levels suggest that from January to November 2020, the amount of particulate matter in Karachi and Lahore ‘s air exceeded the amount prescribed by the World Health Organisation as safe. Particulate matter is 30 times thinner than a human hair and even smaller than viruses and bacteria. When inhaled, they can easily get absorbed into…

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Total Bets Big On Libya’s Oil Industry

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French Total plans to increase its investments in Libya’s oil industry, the National Oil Corporation said, adding it had discussed with the company raising Libya’s production to “the highest levels.” Total has stakes in several Libyan oil fields, including the nation’s biggest, Sharara. The field, along with many others, was shut down for more than eight months this year after groups affiliated with the eastern government blockade oil export terminals, which pushed Libya’s oil output from above 1 million bpd to less than 100,000 bpd. In late September, when the…

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Oil Search Ready To Restart Alaskan Crude Production

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Australian Oil Search plans to make the final investment decision on the Pikka project in Alaska next year and launch production in 2025, chief executive Keiran Wulff told investors in a company announcement this week. The breakeven cost of Pikka has come down to $40 a barrel, but the company and its partner in the development, Spain’s Repsol, plan a further reduction to $35 a barrel by 2025. The cost of the development of Pikka is seen at about $3 billion. “While further appraisal will be required, the 2020 Mitquq…

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A Big Week For Venezuela’s Oil Industry

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Venezuela’s vice president and the head of state oil company PDVSA arrived in Russia last week on a trip aimed at deepening “strategic alliances,” Venezuela’s information ministry said, Reuters reported. Vice President Delcy Rodríguez and PDVSA chief executive Asdrúbal Chávez, as well as Science Minister Gabriela Jiménez, flew to Moscow to discuss possible new oil joint ventures with Russian energy officials and investors, Argus Media reported. Among the potential partnerships are the transfer of existing upstream and downstream assets to Russian firms as well as new projects, according to Venezuela’s…

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