Month: November 2020

Pakistan’s premier energy company, Byco Petroleum Pakistan Limited, has partnered with Daraz, Pakistan’s leading online marketplace, to launch its flagship online lubricants store on Daraz. Byco’s wide range of high-quality lubricants will now be available on Pakistan’s most popular online shopping store – daraz.pk. Byco’s flagship store on daraz.pk is currently live now and will offer customers a safe and reliable platform to choose from its extensive range of authentic lubricants, specially formulated for passenger-cars, motorcycles, and diesel-engines. Zafar Shahab, Byco’s CFO, signed the agreement with Mubashar Ali Butt, Daraz’s…

Read More

The Cabinet Committee on Energy (CCoE) scheduled to meet on Tuesday is likely to grant approval for the unbundling of the two state-owned gas utility companies, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC), into five smaller gas companies. According to sources who confided in Profit, said that the CCoE will take up a proposal by the Petroleum Division regarding gas sector reform, particularly the dismantling government-owned gas utility companies into one transmission and four provincial companies. They said that the Petroleum Division has been actively pursuing…

Read More

Geneva, (APP – UrduPoint / Pakistan Point News – 9th Nov, 2020 ) :The Swiss financial sector still invests too much in the production of oil and coal despite progress towards more climate-friendly investments, an official report said Monday. “Overall, the Swiss financial centre now invests four times more resources in companies producing electricity from fossil sources such as coal or gas than in those producing from renewable sources,” said the joint report by the Federal Office for the Environment and the State Secretariat for International Finance. It is the second such report after the first was published in 2017. Players in the Swiss…

Read More

ISLAMABAD: Top mandarins of the Energy Ministry swung into action to immediately suspend the former acting MD PLL (Pakistan LNG Limited) Nadeem Nazir, who is also currently holding the charge of the MD of PLTL (Pakistan LNG Terminal Limited) for making excess payments of $25 million as port charges to LNG suppliers (Gunvor and ENI). Following the report of excess payments scam amounting to $39.5 million made by PSO and PLL to LNG suppliers (Gunvor and ENI) as port charges in The News on Monday (November 9, 2020), the Energy…

Read More

The booming liquefied natural gas (LNG) industry will play at least as big a role as new coal investments in bringing on a climate crisis if all planned projects go ahead, US-based energy analysts and campaigners say. The report by the Global Energy Monitor appears at odds with comments by Australia’s emissions reduction minister, Angus Taylor, who has said the country could be proud that the rapidly expanding LNG export industry was displacing coal power overseas. Government analysis identified LNG as the main reason Australia’s greenhouse gas emissions have risen…

Read More