Day: March 28, 2021

The U.S. Energy Information Administration released a report last month highlighting its projections that the U.S. electricity generation mix made up of renewables will have doubled by 2050. That’s also when 42% of the nation’s electricity will be provided by renewables. “Wind and solar generation are responsible for most of that growth. The renewable share is projected to increase as nuclear and coal-fired generation decrease and the natural gas-fired generation share remains relatively constant,” the report read. It also showed renewables will surpass natural gas as the predominant source of…

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US oil & gas industry saw a drop of 14.93% in overall deal activity during February 2021, when compared with the last 12-month average, led by Energy Transfer’s $7.2bn acquisition of Enable Midstream Partners, according to GlobalData’s deals database.US Oil & Gas industry deal activity: value and volume trend – February 2020 to February 2021M&APrivate equityVenture financingDeal valueFeb 20Mar 20Apr 20May 20Jun 20Jul 20Aug 20Sep 20Oct 20Nov 20Dec 20Jan 21Feb 21$2.95bn$2.95bn$1.66bn$1.66bn$1.47bn$1.47bn$2.62bn$2.62bn$6.11bn$6.11bn$24.34bn$24.34bn$31.53bn$31.53bn$7.38bn$7.38bn$25.79bn$25.79bn$6.77bn$6.77bn$11.35bn$11.35bn$2.51bn$2.51bn$17.5bn$17.5bnDeal period Month M&A Private equity Venture financing Deal value Feb 20 53 4 22 2,948.38 Mar 20 33 5…

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First things first. Understanding of petroleum pricing in the Pakistani mass media at large is amateurish at best. No surprise that the reporting if often devoid of ground realities. There should be no second opinions that the understanding and the subsequent quality of reporting needs to improve drastically. That said, how does this qualify for the electronic media regulator to “request” all TV channels to carry out a “media campaign and narrative of government on petrol prices?” The Pakistan Electronic Media Regulatory Authority (Pemra) thought it was only fair to…

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ISLAMABAD: National Accountability Bureau’s (NAB’s) investigation against Independent Power Producers (IPPs) has reportedly put first installment of 40 per cent of agreed amount of over Rs 400 billion in limbo, well-informed sources old Business Recorder. Earlier, the IPPs, established under the pre-1994 Power Policy and 1994 Power Policy were expecting installment of 40 per cent agreed amount before the end of current month. “Power Division has written a letter to NAB, requesting anti-graft body to go through all the agreements and other available documents and issue a clean chit before…

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ISLAMABAD: The government is expected to complete gas and electricity transmission lines to Rashakai special economic zone by this yearend, officials said on Friday. The representatives of the developers informed a meeting that the first Unit of a steel plant is under construction in the SEZ and plant and machinery would soon be imported. In the first phase, they plan to set up first unit with an investment of $79 million to produce 500,000 tons of rebar/ construction steel. In the second phase, they intend to set up their second…

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