Day: June 25, 2021

The Cabinet Committee on Energy (CCoE), in its meeting on Thursday, asked the Petroleum Division (PD) to come up with a clear mind after one month if it wanted to build the Pakistan Stream Gas Pipeline (PSGP) with 26 per cent shareholding of Russian government, or it wants to build LNG-III pipeline under the consortium of Sui Southern, Sui Northern and PAPCO – the company of PARCO. The Petroleum Division wants to build the LNG-III pipeline as an alternative project in case talks with Russia fail on the PSGP, which…

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The government has formed a committee to identify the people responsible for the delay in dry docking at the Engro LNG floating terminal. The dry docking was due in March last year, but Engro replaced the existing terminal with another one with more capacity of 900 mmcfd of LNG. Sources said Finance Minister Shaukat Tarin attended a meeting of the cabinet committee on energy (CCoE) on June 18. They quoted him as saying that someone had tried to pin the blame for the delay on the government that could potentially…

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A report of the Standing Committee on Natural Resources presented before the House of Commons rang the alarm bell on how important it is for Canada to secure a supply of critical minerals, particularly in the face of China’s dominance. Currently, the Asian giant owns as much as 80% of the global processing capacity for rare earths, as it has been investing for decades in acquiring strategic mineral assets across the world, and — according to data gathered by the committee — it is likely to hold about 67% of…

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Water used in oil and gas well drilling may become classified as hazardous waste, complicating the lives of companies that use it if a new bill, sponsored by a New Jersey Congressman, becomes a law. The Climate Leadership and Environmental Action for our Nation’s Future Act, or the CLEAN Future Act, for short, calls for a variety of unsurprising steps towards a more environmentally sustainable energy system, including everything that’s been hogging the headlines lately, from EVs to heat pumps and building retrofits. Notably for the oil and gas industry,…

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