Day: February 2, 2021

PTTEP buys 20% stake in Oman gas field

Admin

PTT Exploration and Production Public Company (PTTEP) has bought a 20% participating interest in Oman’s Block 61, one of the largest gas developments in the Middle East, strengthening its upstream and midstream profile in the Sultanate. The acquisition will immediately add to the company’s petroleum reserves and sales volumes, foster its long term growth, and open up further investment opportunities in the region. Phongsthorn Thavisin, CEO of PTTEP, said subsidiary PTTEP MENA has signed a Sale and Purchase Agreement (SPA) with BP Exploration (Epsilon)) for a 20% participating interest in…

Read More

Shell targets power trading and hydrogen in climate drive

Admin

Shell and its European rivals are seeking new business models to reduce their dependency on fossil fuels and appeal to investors concerned about the long-term outlook for an industry under intense pressure to slash greenhouse gas emissions. Shell will present its strategy on Feb. 11 and unlike Total and BP the company will focus more on becoming an intermediary between clean power producers and customers than investing billions in renewable projects, the sources said, giving previously unreported details of the plan. Shell announced in October it would increase its spending…

Read More

Sindh seeks addition of its proposals in National Electric Policy draft

Admin

KARACHI: Sindh has asked the federal energy ministry for addition of its recommendations in the National Electric Policy 2021, ARY News reported on Tuesday. Sindh’s Energy Minister Imtiaz Shaikh in a letter to Federal Energy Minister Omar Ayub has said that the recommendations submitted by Sindh, have been ignored in the draft of the National Electric Policy, “How could a policy becomes national while Sindh’s proposals have been ignored,” the minister questioned. Provincial minister called for a joint session of the energy ministers for preparation of a unanimous draft of…

Read More

Descon conducts CEO Communication Session 2021 to Promote Teamwork and Trust in the Workplace

Admin

Descon Engineering Limited (DEL) conducted its CEO Communication Session in January 2021 in all of its offices, to further build on its foundation of open communication and trust. The session was opened by Maqsood Ali, President HR, who stressed on the importance of core values in shaping the organization’s culture. He also talked about one of Descon’s core values “Teamwork”. The session was later passed on to the CEO, Nadeem Bajwa, who also shared his valuable opinion on the topic while reviewing the business performance of the past 6 months.…

Read More

Hitachi ABB Power Grids’ Digital Enterprise solutions join Hitachi’s Lumada Portfolio of Digital Solutions and Services

Admin

Hitachi ABB Power Grids and Hitachi Vantara today announced the integration of Hitachi ABB Power Grids’ Digital Enterprise (DE) flagship solutions within the Lumada portfolio of advanced digital solutions and services for turning data into insights. The two Hitachi business entities have agreed to rebrand the DE components as Lumada Asset Performance Management (APM), Lumada Enterprise Asset Management (EAM) and Lumada Field Service Management (FSM), adding to the growing portfolio of DataOps and Industrial IoT solutions. The DE portfolio of solutions and its predecessors enable customers spanning multiple global industries to…

Read More