The oilfield services sector is usually the one to suffer the most during an oil and gas industry downturn. This last crisis has been no exception in most respects. Drilling fell sharply this year in response to the demand slump in both oil and gas, budgets were cut and exploration plans shrunk. There was talk we might have already seen…
Read MoreFigure 1. Covid-19 serology tests (antibody tests) Beyond silver’s diagnostic and therapeutic uses in the fight against covid-19, there are also trace amounts of silver in the fabric of some masks. While not anti-viral, silver does protect against other bacteria and eliminates odors, which helps when wearing the masks for extended periods of time. Silver has been used for thousands…
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There are two types of energy: renewable and non-renewable. Non-renewable energy includes the resources from coal, gas and oil. They are made by burning fossil fuels to create energy. Renewable energy, often referred to as clean energy, comes from natural resources or processes that are constantly replenished. The renewable energy sources are solar energy, wind energy, hydropower, geothermal energy, and…
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CAIRO, (UrduPoint / Pakistan Point News / WAM – 02nd Jan, 2021) Egypt’s Minister of Petroleum on Friday said nine $1 bn new oil & gas exploration agreements were signed with local and international companies. The exploration will cover regions in the east and west of the Mediterranean Sea and regional waters of the Red Sea with six large companies…
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Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralysed much of the global economy, but prices have rebounded strongly from their lows as governments rolled out stimulus. On Thursday, the last trading day of 2020, Brent was trading down 25 cents, or 0.5%, at $51.38 a barrel, as of 0246…
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EDITORIAL: It has become painfully clear that no matter how much the government and the opposition try to present their respective sides of the story about all the problems with the Liquefied Natural Gas (LNG) sale-purchase mechanism, the debate only gets murkier and rendered much more difficult for people to decide whether they are being fleeced or facilitated. It is…
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ISLAMABAD: After floating tenders very late for purchase of LNG [liquefied natural gas] for the winter season and inflicting billions of losses on the national economy, it seems the petroleum ministry has started making attempts to set right its wrongs, committed in the near past. According to Geo News programme ‘Aaj Shahzeb Khanzada Ke Sath’ on Friday, the ministry published…
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Audit of the Welfare Funds of all the oil and gas companies working in Tehsil Jand and Pindigheb of Attock district will be carried out at appropriate level to know the actual position and this audit report will be made public. Special Assistant to Prime Minister on Climate Change Malik Amin Aslam said this while exclusively talking to this scribe.He…
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ISLAMABAD: Pakistan LNG Limited (PLL) has floated a tender and sought bids to allocate idle capacity of LNG terminal to the private sector for a period of six months from February to July this year.The PLL through an advertisement has sought applications from the interested parties to utilise idle capacity of LNG terminal for the six-month period. The deadline fixed for…
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ISLAMABAD: A study conducted and published by Institute of Policy Studies (IPS) titled ‘Barriers and Drivers of Solar Prosumage: A Case-Study of Pakistan’ states that as of November 2020, net-metering installations in Pakistan have reached a cumulative capacity of 148MW, which contrasts very poorly in comparison with other peer regional countries such as India where distributed generation has exceeded 5GW…
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