Commitments for offshore Oil and Gas projects are expected to not only recover going forward, but also reach a new record in the five-year period toward 2025, according to Rystad Energy. The energy research firm has defined in its analysis a project as ‘committed’ when more than 25 percent of its overall greenfield capital expenditure (capex) is awarded through contracts. Offshore…
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Singapore, March 7 (APP – UrduPoint / Pakistan Point News – 7th Mar, 2021 ) :Thousands of panels glinting in the sun stretch into the sea off Singapore, part of the land-scarce city-state’s push to build floating solar farms to cut greenhouse gas emissions. It may be one of the world‘s smallest countries, but the prosperous financial hub is among the biggest per capita carbon dioxide emitters in Asia.…
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RIYADH: A major oil port and Aramco residential area were attacked with a drone and ballistic missile in eastern Saudi Arabia on Sunday.A “petroleum tank farm” at Ras Tanura Port, one of the largest oil shipping ports in the world, was attacked with a drone in the morning, the energy ministry said. The drone was coming from the direction of…
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Daewoo Express Pakistan has signed an MoU with the Chinese company Skywell Automobiles and Swiss company Hitachi ABB Power Grids in historical development. The signing ceremony was graced by the governor of Punjab, Chaudhary Sarwar, and envoys from South Korea, Switzerland, and Japan. According to a press release, the signatory companies will be collaborating to introduce electric buses among other…
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Pakistan’s Daewoo Express Pakistan, China’s Skywell Automobiles And Sweden’s Hitachi ABB Power Grids Signed A Memorandum Of Understanding (Mou) on Thursday to revolutionize Pakistan’s transport sector. Under the MoU, these three companies will be setting up a value chain for electric vehicles and charging infrastructure in Pakistan. While Daewoo and Skywell will join hands to introduce electric buses and other…
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Syed Amin-ul-Haque, the federal minister for Information Technology and Telecommunication, on Sunday met with Nabeel Haider a 15 year old app- developer hailing from Karachi. Haider had created a WhatsApp like instant messaging app. The IT minister lauded his dedication and efforts, offering him an internship at the National Incubation Centre Karachi. “I met with 15 y/o Nabeel Haider, who…
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The government has so far released around 91.6 percent funds against the total allocation of Rs 1,8441.230 million to execute eight petroleum sector projects under the Public Sector Development Programme (PSDP 2020-21). According to the official data as of February 26 that showed a slight readjustment in funds’ allocation and releases, an amount of Rs1686.644 million had been provided for…
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International Women’s Day 2021 is an opportunity to recognise and celebrate the contribution and accomplishments of today’s growing female workforce and the key role that women play in our lives, said a press release issued by the K-Electric on Sunday. At K-Electric, it is yet another opportunity for the power utility to reinforce its mission of driving a narrative of…
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ISLAMABAD: Pakistan will import 450 cargos in 10 years from Qatar under G-to-G (govt to govt ) new LNG deal with effective rate of 10.13 percent from January 1, 2022 though the deal is done at 10.20 percent of the Brent. The port charges per LNG cargo at Qasim Port stands at $620,000-750,000, but Qatargas would pay the port charges…
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ISLAMABAD: Carbon dioxide (CO2) is endangering the climate. Most countries have made 2050 the target year for achieving zero net emission of CO2. Solar and wind power has wide opened the doors of green electricity, which will greatly help to reduce CO2. However, thermal energy and liquid fuel issues still have to receive some solutions. In the case of thermal energy, green electricity…
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