The World’s Most Controversial Pipeline Hits Another Hurdle

DNV GL, a Norwegian risk management and quality assurance firm, told Reuters on Thursday it had suspended work on the gas pipeline Nord Stream 2 to avoid sanctions under the recently expanded U.S. sanctions on the Russia-led project.   Last month, the U.S. Department of State said it was broadening the sanctions against service providers and those funding vessels involved in the construction of Nord…

Read More

Oil Markets Hopeful As OPEC+ Meeting Looms

TOM KOOL Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info SHARE Facebook Twitter Google + Linkedin Reddit PREMIUM CONTENT Oil Prices Are On Course For Another Weekly Gain U.S. Shale Production Continues Its Decline Iran’s Leading Nuclear Bomb Expert Assassinated Why OPEC Is Worried About The UAE Oil Markets…

Read More

Energy damage

In a press conference, Special Adviser to the Prime Minister Nadeem Babar attempted to answer some of the questions on energy purchase raised by Geo’s Shahzeb Khanzada in his show – all the while denying he was referring to the show at all. What the presser led to, though, were even more unanswered questions – leading us to wonder why…

Read More

In a first, ‘serious’ coral bleaching reported in Pakistan near Churna Island

WWF-Pakistan on Thursday appealed to the government to declare Churna Island a Marine Protected Area (MPA) after coral bleaching was reported in some areas of the island. This is the first time that the phenomenon has been reported in Pakistan. According to a statement released by the WWF-Pakistan, a PADI certified driver, Khizar Sharif, while on a diving expedition around…

Read More

Stakeholders oppose SNGPL’s demand for 123pc hike in gas rate

ISLAMABAD: Despite facing gas shortfalls, the Sui Northern Gas Pipelines Ltd (SNGPL) on Thursday demanded 123 per cent increase in its gas rate, 100pc increase in meter rent and 700,000 fresh domestic connections, which was strongly opposed by the stakeholders including textile industry and transport sector. At a public hearing presided over by Oil & Gas Regulatory Authority (Ogra) Acting…

Read More

MENA’s renewables investment to hit $97bln in five years

Yellow Door Energy currently has over 110 megawatts of solar assets operating and under construction in the UAE, Jordan, and Pakistan, with recent expansions into Saudi Arabia, Bahrain, and Oman. Yellow Door Energy is one of Apicorp’s investee companies and in 2019 the corporation and a consortium of international and regional banks invested $65 million in Yellow Door Energy to…

Read More