Month: December 2020

Observers see rays of hope for 2021 in Canada’s gloomy oil and gas sector

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The sombre mood that has gripped the Calgary-based oilpatch for several years is starting to show flickers of hope, with more financially secure companies making moves to grow in 2021. Recent export pipeline news is offsetting the ongoing reality of volatile commodity prices, general investor distaste for the sector and regulatory uncertainty and leading to more mergers and targeted increases in capital spending plans, observers say. “The oilpatch has changed again. I think it’s changed forever in a few fashions,” said veteran oilman Neil Roszell, CEO of newly created Headwater…

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PSEs – They Can’t Breathe on Their Own – I

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Pakistan Steel Mills (PSM) and Pakistan International Airlines (PIA) are in news again and we all know the reasons. The sustained failure of governments to successfully run them says a lot about priorities of the rulers. PSM was supposed to serve as the mainstay of industrial development, however, its mismanagement reached such levels that since 2006 governments have made attempts on a number of occasions to dispose it off to the private sector. Even the said attempts being half-hearted and ill-conceived proved futile. We have observed this half-heartedness in many…

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Could Pipelines Bypass The World’s Most Critical Oil Chokepoint?

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In the last decade, the humble Strait of Hormuz has seen a fifth of the world’s oil supply, a third of all liquefied natural gas (LNG), and a third of all seaborne imports and exports in the world pass through its narrow waters. The oil tanker-choked passage is located in a strategic and geopolitical hotspot between Iran and the Arabian Peninsula, linking the Persian Gulf on the west side to the Gulf of Oman and the Arabian Sea on the southeast end. Many OPEC nations rely on the Strait for…

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PM Imran admits ignorance about Pakistan’s power sector woes before taking office

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LAHORE – Prime Minister Imran Khan has admitted he was not fully aware of how bad Pakistan’s financial situation was when he came into power two years ago. The cricketer-turned politician, who became the 22nd premier of the South Asian country in 2018, appeared on a national TV for an interview to share, “Before becoming the prime minister, I was incognizant of how circular debt of the country rises”. He told the host of Samaa’s NewsBeat that he did not have a button to turn everything right, adding that when he came…

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WAPDA under a Dynamic Chairman Overcoming water shortages, completion of huge multiple projects get underway:

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Daily Pakistan Observer interviewed him to learn about his contribution in bringing back the past glory of WAPDA and it is being presented for the readers in the form of questions and answers.PO: What are your achievements as Chairman WAPDA from the year 2016 onward after taking the charge of this office?CW:The base of whatever we developed in WAPDA was provided by our predecessors and as per history of WAPDA it played a core fundamental role in development of Pakistan. After its inception in 1958, WAPDA has played a very…

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