Year: 2021

Karachi to get additional 450 MW electricity this summer: Omar

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Federal Minister For Power , Petroleum and Natural Resources Omar Ayub has said that Karachi will get additional 450 MW in coming summer as NTDC has completed the rehabilitation/upgradation of the existing 220 kV double circuit transmission line (130 km long) from Jamshoro to KDA-33. In a statement, the minister said that maximum of 1100 MW power supply shall be available from 500 kV & 220 kV network in addition to 150 MW from wind generation during summer months from national grid for KE which shall significantly improve power supply…

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SNGPL, SSGC reduce 9,938 MMCF gas losses in FY 2019-20

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The two state-owned companies, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC), have collectively prevented a volumetric loss of around 9,938 Million Cubic Feet (MMCF) gas against the UFG reduction target of 14,806 MMCF set for the Financial year 2019-20. The SNGPL decreased the loss of 4,771 MMCF gas against its Unaccounted for Gas (UFG) reduction plan of 6,840 MMCF gas. “However, the percentage of UFG has increased slightly (0.34%), as compared to the same period of previous year, due to reduction in gas received,” according…

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Renewable energy projected to grow

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The U.S. Energy Information Administration released a report last month highlighting its projections that the U.S. electricity generation mix made up of renewables will have doubled by 2050. That’s also when 42% of the nation’s electricity will be provided by renewables. “Wind and solar generation are responsible for most of that growth. The renewable share is projected to increase as nuclear and coal-fired generation decrease and the natural gas-fired generation share remains relatively constant,” the report read. It also showed renewables will surpass natural gas as the predominant source of…

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US oil & gas industry sees a drop of 14.93% in deal activity in February 2021

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US oil & gas industry saw a drop of 14.93% in overall deal activity during February 2021, when compared with the last 12-month average, led by Energy Transfer’s $7.2bn acquisition of Enable Midstream Partners, according to GlobalData’s deals database.US Oil & Gas industry deal activity: value and volume trend – February 2020 to February 2021M&APrivate equityVenture financingDeal valueFeb 20Mar 20Apr 20May 20Jun 20Jul 20Aug 20Sep 20Oct 20Nov 20Dec 20Jan 21Feb 21$2.95bn$2.95bn$1.66bn$1.66bn$1.47bn$1.47bn$2.62bn$2.62bn$6.11bn$6.11bn$24.34bn$24.34bn$31.53bn$31.53bn$7.38bn$7.38bn$25.79bn$25.79bn$6.77bn$6.77bn$11.35bn$11.35bn$2.51bn$2.51bn$17.5bn$17.5bnDeal period Month M&A Private equity Venture financing Deal value Feb 20 53 4 22 2,948.38 Mar 20 33 5…

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Petroleum price narrative: Build it, don’t push it

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First things first. Understanding of petroleum pricing in the Pakistani mass media at large is amateurish at best. No surprise that the reporting if often devoid of ground realities. There should be no second opinions that the understanding and the subsequent quality of reporting needs to improve drastically. That said, how does this qualify for the electronic media regulator to “request” all TV channels to carry out a “media campaign and narrative of government on petrol prices?” The Pakistan Electronic Media Regulatory Authority (Pemra) thought it was only fair to…

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