Year: 2020

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

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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…

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Police Bust Crude Oil Theft Gang, Eight Arrested

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

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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 Chairman Noorul Haque, the stakeholders contended that there was no justification for network expansion when the gas utility was unable to meet the requirements of existing consumers. They contended that…

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PSO floats tenders to accumulate oil supplies

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KARACHI: State-owned Pakistan State Oil (PSO) has floated several tenders to procure petroleum products to ensure ample availability of fuel in the New Year, it was learnt on Thursday. PSO has invited bids for supply of three motor gasoline cargos of 45,000 tons each in January 2021, along with one standard size cargo each of high sulphur fuel oil and low sulphur fuel oil. PSO would also receive one cargo of jet fuel in January. Market sources said PSO’s stock position was at a comfortable level and there was no…

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UK oil and gas sector confidence plunges to record lows

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Reduced activity levels, project cancellations and workforce cuts as a result of the coronavirus pandemic have slashed business confidence across the UK’s oil and gas sector, according to an industry report. The 32nd Oil and Gas survey, conducted by Aberdeen & Grampian Chamber of Commerce in partnership with the Fraser of Allander Institute and KPMG UK, asked firms about the initial impact of CV19, how they expect activity to recover and how recent events have influenced industry views on future facing issues like the energy transition and the UK’s exit…

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