Month: March 2021

Punjab govt plans to convert all public sector power connections on solar energy

Admin
energy-sector

Punjab government has a plan to shift all public sector electricity connections on solar energy in near future to promote clean and green energy vision of Prime Minister Imran Khan in the country. Official sources told APP here Tuesday that the provincial government had shifted 10,500 government schools on solar energy and now all the basic health units were being switched to solar energy in next stage. They said that the Punjab government has also a plan to shift all public sector universities on solar system besides converting all public…

Read More

LNG charter rates drop to record lows, support strong US LNG dispatches this spring

Admin

The S&P Global Platts assessed daily LNG tanker charter rates have dropped to an all-time low of $25,000/d for an Atlantic Basin tanker just two months after touching an all-time high of $300,000/d in January. The effective round-trip cost for an Atlantic Basin spot charter is now just $15,625/d, given that the ballast charge has also declined to around 25%. o put this in perspective, the previous low for Atlantic Basin charter rates was assessed last summer during the peak of US LNG cancellations, where the effective round-trip cost dropped…

Read More

Special Economic Zones to be set up in Thatta, Chakwal to attract Chinese investment

Admin

BEIJING, March 17 (APP): Dynamic Engineering and Automation (DEA) has launched two Special Zones (SEZs) at Pir Phato, Thatta and Padshahan, Chakwal districts and concluded negotiations with Chinese investors and companies to establish manufacturing facilities, global service centers, R&D labs and sales centers with estimated investment of US $5 to $7 billion. A number of multi-billion Chinese companies have confirmed their investment plans in the two SEZs which have been launched in an effort to promote Foreign Direct Investment (FDI) in line with the vision of Prime Minister Imran Khan,…

Read More

Louisiana oil and gas industry in danger after President Biden cancels 80-million-acre oil lease sale

Admin

This comes after President Joe Biden cancelled a March oil lease sale in the Gulf of Mexico. Nearly 80 million acres of available leases would have been sold this week. The damage to Louisiana’s oil and gas companies started in January when President Biden signed an executive order banning all new oil and gas leases on public land and waters for 60 days. “Right now I think we’re still pretty much in the holding pattern. It was a 60-day ban, and he was going through relook at it, the president,”…

Read More

Biden’s Energy Agenda To Reduce Oil Production And Boost Prices

Admin

Joe Biden had a neat, nine-point plan for energy when he campaigned for president. He started putting this plan into action on his first day in the White House with the cancellation of the notorious Keystone XL pipeline and has since then continued with his tough stance on fossil fuels. The argument that this tough stance will, in fact, benefit oil producers has been made since the campaign trail. It went like this: Biden’s fight for less oil and gas and more renewable energy will hurt U.S. oil and gas…

Read More