Day: October 18, 2021

Australia, Oct 18 (Reuters) – The supply of liquefied natural gas (LNG) globally is increasing as exporters respond to strong demand and record high prices, but it appears that Europe is grabbing a bigger share of the extra cargoes than Asia. Imports of the super-chilled fuel are expected to reach 31.70 million tonnes in October, say commodity consultants Kpler, which would be the highest since May, and up from September’s 30.01 million. However, the top-importing region of Asia is expected to show a largely steady outcome, with imports at 22.59…

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The energy transition, net-zero pledges, and increased investor pressure on oil and gas companies to slash emissions have given rise to the latest trend in energy markets—the arrival of the ‘carbon neutral’ oil barrel and the ‘carbon neutral’ liquefied natural gas (LNG) cargo.  Oil and gas firms have started to offer those so-called carbon neutral oil and gas shipments. And buyers are lapping them up as they themselves are also pressured by investors and their own carbon reduction pledges to procure lower-emission energy supply.  Energy firms offering carbon-neutral LNG or…

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Byco Petroleum Pakistan Limited (BPPL) has won the Best Place to Work Award 2021 at an event in Karachi. The event was organized by the Pakistan Society of Human Resources Management (PSHRM) and Engage Consulting with more than 100 organizations. Byco Petroleum secured the top honor as the Best Place to Work in the energy/oil and gas industry. The year 2021 has been a good year for Byco as it won many awards on different platforms.Byco Pakistan is proud of its inclusive and diversified work culture in addition to its…

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China is helping Pakistan in boosting its renewable energy development. Recently, Pakistan’s industry and commerce market entered into a new era of 500W+ by adopting a type of advanced photovoltaic (PV) modules made by a Chinese enterprise. JinkoSolar, along with its local partner Hadron Solar, will provide 775 pieces of Tiger Pro modules with 500W+ to be installed on the rooftop of a pharmaceutical factory in Pakistan. These modules will generate 633 MWh of electricity annually over the next 25 years to meet the factory’s requirement. In addition to this,…

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