Year: 2021

Qatar to takeover Qatargas 1 LNG trains as IOCs exit

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New York — Qatar Petroleum will become the sole owner of Qatargas 1 (QG1) at the start 2022, after deciding not to renew its joint-venture agreements with Total, ExxonMobil, Marubeni and Mitsui, the company said on March 30. QG1 has three processing trains, each with a production capacity of 3.3 million mtpa of LNG and related products. The decision to move forward as the 100% owner of QG1 comes as the gas-rich state plans to to increase its LNG production by 64% by 2024 via the two-phase North Field expansion project.…

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PM nod awaited to cut petroleum prices

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ISLAMABAD: The prices of petroleum products may come down by up to Rs5.5 per litre on Wednesday provided the prime minister accepts recommendation of the Oil & Gas Regulatory Authority (Ogra) based on fall in international market. A senior government official told Dawn that Ogra’s summary on price cut had reached the Ministry of Finance that would be taking up the matter with the prime minister for a decision on Wednesday. The sources said the Ministry of Finance would oppose reduction in oil prices and would like to mop up…

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Robots Could Replace Thousands of Oil & Gas Jobs, Cut Drilling Costs

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Robots could replace hundreds of thousands of oil and gas jobs globally and reduce drilling labor costs by several billion dollars by 2030, if there is an industry push for such a transition, Rystad Energy has found. “Even when the Covid-19 downturn is finally past us, operators will have to continue exploring new avenues for cost reductions to be better equipped to withstand future market declines,” Rystad said, adding that it has found that existing solutions could replace hundreds of thousands of oil and gas jobs globally and reduce drilling…

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SSGC MD visits Hyderabad region

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Imran Maniar, MD, SSGC visited various facilities of the Company’s Hyderabad Region to apprise himself with the progress of various departments and ongoing projects. This was MD’s first visit to Hyderabad Region since his appointment in last February. Amongst others, during the visit, MD was accompanied by Asad Saeed Khan, SGM (HR), Abdul Waheed Jumani, GM In-charge (Gas Distribution Interior Sindh) and Brigadier Mohammad Abuzar (retd), DG (Security Services and Counter Gas Theft Operations). MD and his team visited HQ-3 (Transmission Headquarters), Regional Office, Stores, Medical Services; IT’s Disaster Recovery…

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NTDC completes work on 130km 220kV transmission line

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LAHORE: The National Transmission and Dispatch Company Ltd (NTDC) have completed the rehabilitation/up-gradation of the existing 130km long 220kV double circuit transmission line from Jamshoro to KDA-33 (Karachi). The NTDC has completed rehabilitation work ahead of the deadline despite difficulties faced during the COVID-19 pandemic. The transmission line is expected to be energized on or before 31st March 2021. The completion of this transmission infrastructure shall result in the increase of 450 MW power supply from national grid to the KE power network during summer once load demand is high.…

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