Year: 2021

The Punjab government is offering a subsidy of Rs 250,000 against each laser land leveller in 13 districts with arid areas in the province. According to official sources, the subsidy was being given under Rs 300 billion PM’s Agriculture Emergency Programme. Assistant Director Abdul Samad informed that the subsidy would be given to farmers having tractors and land less than twelve and half acres. Similarly, the holder of the subsidy would be bound to provide services for 300 acres. The farmers hailing from Dera Ghazi Khan, Layyah, Bhakkar, Jhelum, Chakwal,…

Read More

Asian liquefied natural gas (LNG) prices rebounded this week to their highest since January, as more spot demand emerged even as inventories remained low. The average LNG price for October delivery into Northeast Asia LNG-AS was estimated at about $17.20 per metric million British thermal units (mmBtu), up $1.70 from the previous week, industry sources said. Woodside Petroleum sold a cargo for Oct. 10-14 delivery into Tianjin, China to BP while PetroChina sold a cargo for Oct. 16 to 20 delivery into Tianjin to Trafigura on Friday, data from price…

Read More

In a display cabinet in the recently opened Our Broken Planet exhibition in London’s Natural History Museum, curators have placed a small nugget of dark material covered with faint indentations. The blackened lump could easily be mistaken for coal. Its true nature is much more intriguing, however. The nugget is a polymetallic nodule and oceanographers have discovered trillions of them litter Earth’s ocean floors. Each is rich in manganese, nickel, cobalt and copper, some of the most important ingredients for making the electric cars, wind turbines and solar panels that…

Read More

The oil and gas sector is undergoing permanent change brought about by a number of key events mostly related to climate change. The sector was slow to respond to the 2016 Paris Agreement, but Europe’s decisive move towards deep decarbonisation, intensified pressure from shareholders and activists, and more recently court action, are forcing permanent change on the international oil companies (IOCs) on which the East Med is staking its future natural gas development. Devastating floods and wildfires this year have added to public perception that higher temperatures brought about by…

Read More