Month: February 2021

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

Sindh alarmed by oil, gas shortage

Admin

Pakistan is facing an oil and natural gas shortage due to a considerable decrease in local production this year. The official data revealed that the commercial supply of oil decreased by 19.8 per cent in the financial year 2018-19 compared to the past years. The Hydrocarbon Development Institute of Pakistan, under the Ministry of Energy has published the Pakistan Energy Yearbook 2019. It states that the country has seen a 6.7 per cent increase in total energy consumption during the last six years. An increase in consumption of over 130 per…

Read More

Deadlock persists on hike in PLL’s LNG margin up to 3.75pc

Admin

ISLAMABAD: A deadlock continues to persist between OGRA and the state-owned entity Pakistan LNG Limited (PLL) on increasing the LNG margin up to 3.75 percent as the regulator says that the revised margin will cause more increase in the LNG price for consumers in Pakistan. And more importantly, OGRA also contends that it cannot take decisions on such petitions without persuasive justification. The Pakistan LNG Limited (PLL) is seeking a raise in the LNG margin up to 3.75 percent from the existing 2.5 from June 1, 2018 as was approved…

Read More

Petroleum Division backs long-term LNG deal

Admin

With the Pakistan Tehreek-e-Insaf (PTI) government set to open the liquefied natural gas (LNG) market for the private sector to reduce financial risk, a Petroleum Division official has underlined the need for a long-term LNG deal. The country has already a long-term LNG deal with Qatar. Consumers are forced to consume expensive LNG due to the involvement of government entities in the entire chain. The private sector has been struggling for several years to import LNG but it has been denied the opportunity due to monopoly of state-run companies despite…

Read More