ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) notified on Tuesday an increase of Rs5 per kilogramme in the price of Liquefied Petroleum Gas (LPG) for the month of September. According to a notification issued by the country’s oil and gas regulator, one kilogramme of LPG will now cost Rs175. The LPG cylinder used for household purposes will be available…
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As oil markets prepare for the OPEC+ meeting, Hurricane Idea took 2 million barrels per day of refining capacity offline, dragging oil prices down. Chart of the Week – A growing wave of kidnappings and attacks on oil workers in Nigeria is sapping the long-term production prospects of Africa’s largest producers, S&P Platts reports. – The Assa North gas project developed…
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Illegal mining of mines and minerals continues despite a ban in the district, causing huge losses to the provincial exchequer every year. Sources said that the Khyber Pakhtunkhwa government was losing Rs157.13 million per annum due to the ban on mining and flawed policies to boost the sector in Charsadda. They said that there were substantial mine and mineral reserves…
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Oil major Shell has acquired a share in the Transkei & Algoa blocks offshore South Africa from Impact Oil & Gas. Following completion of the transaction, first agreed on in November 2020, Shell is now the operator of the block with a 50% stake and Impact Oil & Gas owns the remaining 50%. stake. Also, Impact said Tuesday that the…
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As the global economy emerges from the pandemic and commodity prices continue on a recovery path, it’s becoming increasingly evident that the oil and gas industry is standing on the precipice of something big. Scores of Wall Street punters have issued a generally bullish short-to-mid-term oil outlook despite the formidable headwinds posed by the pandemic. Even the normally conservative IEA…
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Less than 1% of hydrogen today is produced using renewable energy. “Green hydrogen” is made using 100% renewable electricity to split hydrogen from water molecules. For now, this is the only established way to produce hydrogen without emitting climate or air pollution. For hydrogen to have a role in our clean energy future, the first priority should be deploying green…
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A tree plantation activity was held at Hill Park of Karachi by the National Forum for Environment and Health (NFEH) under its campaign to increase green cover in the city during the current monsoon season. The NFEH joined hands with Hilal Foods, Hilal Care, and Hill Park Friends’ Group to do the plantation activity. Member of National Assembly, Saima Nadeem,…
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In a new development, the decision makers in the PTI government are making their mind to squeeze the role of Special Assistant to Prime Minister Tabish Gauhar only to the power sector and he will have no role as the SAPM in the petroleum sector. Tabish Gauhar was made SAPM on Petroleum also when Nadeem Babar quit under the directions…
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The government received $1.6 billion in gross foreign loans in July, 100% higher than the same month of previous year, amid heavy reliance on borrowing to build the foreign exchange reserves and repay the maturing debt. In the first month of fiscal year 2021-22, the government received $1.6 billion in total external inflows from multiple financing sources, reported the Ministry…
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Making a new record, state-run Pakistan State Oil (PSO) on Tuesday awarded a liquefied natural gas (LNG) cargo to commodity trader Vitol at 24.5456pc of Brent (about $17.86 per mmBtu) – the most expensive so far – for delivery on Sept 26-27. “PSO has decided to award the below mentioned cargo for supply of LNG,” PSO announced on its website.…
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