KARACHI: The first Liquified Natural Gas (LNG) terminal of Pakistan operated by Engro Elengy Terminal (EETL), a joint venture between Engro Corporation and Royal Vopak of the Netherlands, has set new industry records during its five years of safe and reliable operations to ensure energy security for Pakistan. Since the start of its operations in March 2015, EETL has completed the transfer of over 20 million metric tons of LNG by handling over 322 cargoes. This is the highest volume handled by any floating LNG terminal in this time frame.…
Read MoreMonth: January 2021
WhatsApp will not see private chats, hear calls despite new policy
WhatsApp’s new terms of service will not compromise the privacy of user messages with friends or family in any way, the company announced on its blog. The popular messaging service recently caused a frenzy around the world after announcing its new privacy policy according to which personal data of users including phone numbers and locations would be shared with its parent company Facebook. The facebook-owned company clarified concerns of users and privacy activists who questioned the “accept our data grab or get out” move. “We want to be clear that the policy…
Read MoreNationwide outage exposes energy sector discrepancies
ISLAMABAD: The Central Power Generation Company Ltd (CPGCL), taking a preliminary action, has suspended seven junior officers over alleged negligence that led to countrywide blackouts on the weekend, as the National Transmission and Despatch Company (NTDC) mounts its own investigation. A nationwide electricity breakdown at 11.40 pm Saturday plunged the entire country into darkness and triggered a high alert. So far, there has not been any concrete conclusion about the faults and those responsible for power outages. Initially, it was reported that the Guddu power plant developed a fault at 11:41pm that…
Read MoreGovt to announce economic package for GB soon
ISLAMABAD: The government on Wednesday decided to announce soon a major economic package for Gilgit-Baltistan as promised before regional elections in November last year. In a meeting with the newly-elected leadership of Gilgit-Baltistan, the ministry of planning and development constituted two technical groups to finalise the integrated development plan on the pattern of the recently announced Karachi Transformation Plan. GB Chief Minister Khalid Khurshid and Federal Minister for Planning, Development and Special Initiatives Asad Umar jointly presided over the meeting. The meeting decided to constitute technical working groups comprising relevant…
Read MoreBitcoin in the oil & gas industry
One of the oil mining industry’s big challenges is finding a profitable way to handle the associated gases released during the mining process. The solution could lie in Bitcoin mining. Oil extraction and bitcoin (BTC) might seem like strange partners but BTC might hold the key to tackling one of the oil sector’s big pollution problems. Oil extraction often produces associated gases as one of its byproducts. It is often not financially viable or practical for oil companies to sell this gas, so it is vented into the atmosphere, causing…
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