Year: 2020

The short answer is: all of us. Doubtlessly, climate change is caused majorly by the oil corporations. However, taking refuge in this mindset that the powerful and rich oil companies are causing this and we all are somehow innocent is a fallacy. It is quite therapeutic, yet self-deceptive, to view oneself as rather the victim instead of the participant in the story of climate change. Science doesn’t lie even if we do not want to hear what it is telling us. It is true that ExxonMobil knew as early as…

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The last few weeks media has been buzzing with allegations and counter-allegations about import of LNG. Both Dawn and Geo have put a figure of $200 milliom as losses due to delay in procuring LNG. Geo went further and put a figure of $122 billion losses incurred by the PTI government due to this delay and other decisions. The debate Friday night between Former Prime Minister Shahid Khaqan Abbasi and SAPM Nadeem Babar helped clarify many issues. Babar clarified that the 23 cargos of LNG procured in the Nov/Dec/Jan window cost an…

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Islamabad : There was a broad consensus among key stakeholders during a consultative meeting on the need for checking coal-based power generation in the country and diverting 60 per cent of the total energy mix to renewable energy by 2030. The meeting was held at the Institute of Policy Studies to discuss IPS study on ‘barriers surrounding distributed generation’ with IPS executive president Khalid Rahman in the chair. The event was moderated by former water and power secretary Mirza Hamid Hasan and addressed by Asad Mehmood of the National Energy…

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For the first time, Euro V diesel has been imported in Pakistan, after the state-owned oil marketing company PSO imported Euro V quality diesel for the country as a ship carrying Euro-five diesel anchored at the port of Karachi. According to a PSO spokesperson, Euro V diesel will be introduced across the country in January 2021. Euro V diesel has been imported keeping in view the government’s increase in clean fuel energy. Back in August, it was learnt that PSO has started to import Euro-V standard fuel into the country,…

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Based on open hole logs data, the well was tested at a rate of 1.6 Milion Standard Cubic Feet per Day (MMSCFD) of gas and 12 Barrels per day (BPD) of condensate through 32/64″ choke at Well Head Flowing Pressure of 190 Pounds per square inch (PSI) from Samanasuk Formation.⁨The Joint Venture of Baratai Block comprising Oil and Gas Development Company Limited (OGDCL) as operator (97.5 percent) and Khyber Pakhtunkhwa Oil & Gas Company Limited (KPOGCL) (2.5pc) has discovered gas and condensate from its exploratory Well Siab-1, which is located…

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