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 Stream 2 in a fresh attempt to prevent the project from completing. According to the new guidance in the Protecting Europe’s Energy Security Act (PEESA), the United States is including in the…
Read MoreMonth: November 2020
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 Hopeful As OPEC+ Meeting Looms By Tom Kool – Nov 27, 2020, 2:00 PM CSTJoin Our Community Oil prices are set for a fourth consecutive weekly gain as positive vaccine news and…
Read MoreEnergy 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 the prime minister and the people of Pakistan are being provided misinformation on so many issues and why the national exchequer lost an amount of $122 million, an amount that…
Read MoreIn 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 the north-eastern part of Churna Island in the last week of October, noticed serious bleaching of corals. In some areas, large patches of bleaching were observed. WWF-Pakistan termed the bleaching…
Read MorePolice Bust Crude Oil Theft Gang, Eight Arrested
KOHAT, (APP – UrduPoint / Pakistan Point News – 26th Nov, 2020 ) :Police on Thursday busted eight-member inter-provincial gang involved in theft of crude oil from Oil & Gas Development Company Limited (OGDCL) pipeline in Shakardara area. Police also seized three vehicles and several drums and other equipments used in stealing crude oil. Police said that thieves have drilled main supply line from OGDCL oil field causing loss of millions of rupees to the national exchequer by stealing crude oil. Deputy Superintendent of Police (DSP) Lachi Circle, Nazir Hussain…
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