Year: 2021

Commitments for offshore Oil and Gas projects are expected to not only recover going forward, but also reach a new record in the five-year period toward 2025, according to Rystad Energy. The energy research firm has defined in its analysis a project as ‘committed’ when more than 25 percent of its overall greenfield capital expenditure (capex) is awarded through contracts. Offshore oil and gas development is not only set to recover from the pandemic shock to prices and demand, which forced operators to slash development expenditures and delay projects. It is…

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Singapore, March 7 (APP – UrduPoint / Pakistan Point News – 7th Mar, 2021 ) :Thousands of panels glinting in the sun stretch into the sea off Singapore, part of the land-scarce city-state’s push to build floating solar farms to cut greenhouse gas emissions. It may be one of the world‘s smallest countries, but the prosperous financial hub is among the biggest per capita carbon dioxide emitters in Asia. And while authorities have been pushing to change that, renewable energy is a challenge in a country with no rivers for hydro-electricity and where the wind is not strong enough…

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RIYADH: A major oil port and Aramco residential area were attacked with a drone and ballistic missile in eastern Saudi Arabia on Sunday.A “petroleum tank farm” at Ras Tanura Port, one of the largest oil shipping ports in the world, was attacked with a drone in the morning, the energy ministry said. The drone was coming from the direction of the sea.In the evening, shrapnel from a ballistic missile fell near Saudi Aramco’s residential area in Dhahran where thousands of the company’s local and international employees and their families live.No…

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Daewoo Express Pakistan has signed an MoU with the Chinese company Skywell Automobiles and Swiss company Hitachi ABB Power Grids in historical development. The signing ceremony was graced by the governor of Punjab, Chaudhary Sarwar, and envoys from South Korea, Switzerland, and Japan.  According to a press release, the signatory companies will be collaborating to introduce electric buses among other electric vehicles while also working to develop charging infrastructure for the electric vehicles in Pakistan. The project will be executed in two phases, including the provision of state-of-the-art electric buses…

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Pakistan’s Daewoo Express Pakistan, China’s Skywell Automobiles And Sweden’s Hitachi ABB Power Grids Signed A Memorandum Of Understanding (Mou) on Thursday to revolutionize Pakistan’s transport sector. Under the MoU, these three companies will be setting up a value chain for electric vehicles and charging infrastructure in Pakistan. While Daewoo and Skywell will join hands to introduce electric buses and other electric vehicles in Pakistan, Hitachi ABB will develop a technical support base and charging infrastructure in the country. In Phase I, Skywell will offer its state-of-the-art electric buses to Pakistan’s…

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