Month: January 2021

Oil and Gas Development Company Limited (PSX: OGDC) is the largest player in the E&P sector in the country. It has the largest portfolio of net hydrocarbon reserves in Pakistan, which includes 44 percent of oil and 37 percent of gas as of June 2020. The company contributed to 29 percent of Pakistan’s total natural gas production, and 46 percent of its oil production in FY20. Shareholding Pattern Government of Pakistan is the largest shareholder in OGDC. Its disinvested part of its shareholding in the company back in 2003. Initially…

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Boeing has set an ambitious target that all of its commercial aircraft will be able to fly on 100 per cent sustainable aviation fuels by 2030, according to a statement on its website. Currently, sustainable aviation fuels are mixed in a 50/50 blend with conventional jet fuel – the maximum amount allowed under specifications. Sustainable fuels can reduce carbon dioxide emissions by up to 80 per cent, with the potential to reach up to 100 per cent, according to studies by the Air Transport Action Group, the US Department of Energy and…

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Australia’s government is in no rush to sign up to a target of net zero carbon emissions by 2050, although it recognises the importance of working towards that goal, Prime Minister Scott Morrison said in an interview published on Saturday. Morrison’s conservative government, in a surprise change of policy last month, said it would achieve its 2030 carbon emissions pledge under the Paris climate agreement without counting carbon credits from over-achieving on its previous climate targets. But in an interview with The Australian newspaper, Morrison said he will not take…

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A preliminary agreement has been reached between the government and the Independent Power Producer IPPs and IPPs have informed the Pakistan Stock Exchange PSX about it, reported 24NewsHD TV channel quoting it’s on Monday. Around two dozen IPPs, including Hubco, have signed a preliminary agreement with the government on Amended Power Purchase Agreements according to which the government will pay Rs 450 billion to IPPs. Hubco submitted details of the agreement with Central Power Purchasing Company CPPC to Pakistan Stock Exchange. Sources claimed that the Ministry of Finance will pay…

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