US Administration Cancels Gulf Of Mexico March Oil & Gas Lease Sale

The Bureau of Ocean Energy Management (BOEM) has rescinded the Record of Decision for the oil and gas lease Gulf of Mexico planned for March, effectively canceling this auction as part of the Biden Administration’s review of new drilling activities on federal land and in offshore waters. The lease sale would have offered 78.2 million acres for a region-wide Gulf of Mexico lease in March 2021, or 14,594 unleased blocks – all of the available unleased areas in federal waters of the Gulf of Mexico. However, President Joe Biden directed in an executive order last month…

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India’s Coal Power Use May Have Already Peaked, Report Says

India’s use of coal may have peaked in 2018, according to a new report by according to U.K.-based clean energy group Ember. That’s sooner than many experts have forecast.   The share of the dirtiest fossil fuel in India’s power mix fell for the second year in a row in 2020, according to the report released on Tuesday, due to an economic slowdown in 2019 followed by a pandemic-induced recession. There’s a chance coal power never has to breach 2018 levels again if the Indian government meets its renewable energy goals, Ember senior analyst Aditya Lolla…

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Cold Weather Cuts Permian Oil Output by 1 Million Barrels a Day

 Permian oil production has plunged by as much as one million barrels a day as the coldest weather in 30 years brings havoc to a region that seldom faces frigid Arctic blasts. Oil traders and company executives, speaking on condition of anonymity, lifted their estimate of supply losses in the region as the temperature in Midland, the capital of the Permian basin, dropped to -1 Fahrenheit (-18 Celsius), the lowest since 1989, according to the U.S. National Weather Service. Traders had previously estimated losses at several hundred thousands barrels per…

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Bajaur villagers protest award of mining leases to outsiders

BAJAUR: The residents of Kamangra locality here on Monday took to streets against the authorities for allegedly awarding mining leases to influential people without their consent. The demonstration, held on main Khar-Peshawar Road in Nawagai, was attended by scores of people. Te protesters blocked the road to traffic for several hours. Holding placards inscribed with demands, the protesters chanted slogans against the administration. They said that they raised the issue of awarding mining leases to non-locals by the authorities during the past several months by staging protest demonstrations and meetings.…

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NEPRA directs KE to complete installation of 900 MW BQPS-III in time

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has directed Karachi Electric (KE) to complete installation of 900 MW Bin Qasim Power Station (BQPS-III) in time to avoid load-shedding in the upcoming summer seasons. NEPRA Authority led by Chairman NEPRA, Tauseef H. Farooqi visited Karachi Electric (KE) Head Office and its under constriction 900 MW BQPS-III in order to check and get updates about the comprehensive plan regarding Generation, Transmission and Distribution plan submitted by KE, said a press release issued here Monday. The Chairman NEPRA also in line with NEPRA…

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Post of MD NTDC: Govt unlikely to appoint expatriate Pakistani

ISLAMABAD: The Federal Government is unlikely to appoint an expatriate Pakistani as Managing Director of National Transmission and Despatch Company (NTDC) against a salary of $ 15,000 (Rs 2.4 million) per month which, according to Board Negotiation Committee is too high compared to market trends, sources close to Power Minister told Business Recorder. Sharing the details, sources said, Board of Directors National Transmission & Despatch Company (NTDCL) initiated the recruitment process for the post of Managing Director NTDCL as per the Companies Act 2017, the Public Sector Companies (Corporate Governance)…

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NEPRA chief visits KE

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) led by its Chairman Tauseef H Farooqi on Monday visited the Karachi Electric (KE) head office and its under-construction 900MW BQPS-III, a statement said on Monday. Farooqi was briefed about the comprehensive plan regarding generation, transmission, and distribution plan submitted by KE on account of the authority’s directives given vide order dated August 27, 2020, it added. The authority gave clear directives to complete installation/completion of the BQPS-III in time to avoid load-shedding in the upcoming summer season. In line with the…

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Nepra chairman launches KE’s women ambassadors programme

KARACHI: Chairman NEPRA, Tauseef H Farooqi launched K-Electric’s Women Ambassador Programme “Roshni Baji” at a ceremony at the Tipu Sultan Customer Care Centre of the company in Karachi Monday. This is a first-of-its-kind programme in which the selected women will become ambassadors for Safety and aiming to promote awareness for efficient usage of electricity along with conversion from hook connections within their communities. This initiative is a continuation of KE’s partnership with communities to uplift and empower residents through strengthened access to power, beautification of public spaces and job creation.…

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Feb power bill will make people cry, says Miftah

KARACHI: Criticising the federal government for increasing the power tariff, Pakistan Muslim League-Nawaz Sindh’s secretary general and former finance minister Miftah Ismail on Monday said that people will scream when the February’s electricity bill will come. He said the federal government has been robbing the people in the name of fuel adjustment charges. He was addressing a press conference at the Muslim League House. Ismail said that Pakistan Tehreek-e-Insaf (PTI)’s “incompetent government is not ready to accept responsibility for anything and only blames the previous government of the PML-N for…

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Feb power bill will make people cry, says Miftah

KARACHI: Criticising the federal government for increasing the power tariff, Pakistan Muslim League-Nawaz Sindh’s secretary general and former finance minister Miftah Ismail on Monday said that people will scream when the February’s electricity bill will come. He said the federal government has been robbing the people in the name of fuel adjustment charges. He was addressing a press conference at the Muslim League House. Ismail said that Pakistan Tehreek-e-Insaf (PTI)’s “incompetent government is not ready to accept responsibility for anything and only blames the previous government of the PML-N for…

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