Poll: Public split between clean energy, oil drilling in response to high gas prices

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Americans are more likely to agree than to disagree with Democratic calls for renewable energy investment and Republican calls for oil and gas drilling in response to high oil and gas prices, according to a new Yahoo News/YouGov poll. But when forced to choose between the two approaches, they are evenly split. The survey of 1,605 U.S. adults, conducted from…

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Oil and gas and other sectors: KP businessmen invited to Azerbaijan: envoy

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Ambassador of Azerbaijan in Pakistan Khazar Farhadove stressed the need for further strengthening mutual trade and economic cooperation with Pakistan. He invited the Khyber Pakhtunkhwa businessmen to make investments in oil and gas and other potential sectors in Azerbaijan. He was addressing a meeting chaired by Sarhad Chamber of Commerce and Industry President Hasnain Khurshid Ahmad here at the chamber’s…

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Climate change: speakers highlight importance of renewable energy

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There is huge transition from fossil fuel to environment-friendly energy generation which overall will play a significantly positive role in dealing with the climate change situation. This was the crux of a discussion at a webinar organised by the Pakistan Institute of Development Economics (PIDE) which was moderated by the Vice Chancellor PIDE, Nadeem Haque, and attended by senior research…

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Nine months: fiscal deficit stands at 4pc of GDP

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The country’s overall fiscal deficit during the first three quarters of the current fiscal year – July-March 2021-22 – stood at Rs2,565 billion or four percent of the GDP, according to the Finance Ministry. According to consolidated fiscal operation released by the Finance Ministry on Tuesday, fiscal deficit was recorded at Rs2,565 billion during the first nine months of the…

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OGRA Teams in Field to Detect Diesel Hoarding

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Taking cognizance of the reports on diesel non-availability, the Oil and Gas Regulatory Authority (OGRA) has moved its enforcement teams along law enforcement agencies and district management in different regions to inspect and unearth illegal oil storages. It is reiterated that anyone found in hoarding or stocking oil illegally shall be dealt under the law of the land. The chief…

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PM seeks end to power cuts by May Day

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Mr Sharif ordered that even high loss-making areas be provided with full power supply during this period, even though he was alerted that it would have an additional impact on tariff. It is expected that the power sector will start receiving about 700 mmcfd of LNG instead of about 500 mmcfd at present. Secondly, the prime minister also asked the…

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Russia cuts natural gas to 2 NATO nations in escalation

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Russia cut off natural gas to NATO members Poland and Bulgaria on Wednesday and threatened to do the same to other countries, dramatically escalating its standoff with the West over the war in Ukraine. European leaders decried the move as “blackmail.” A day after the U.S. and other Western allies vowed to speed more and heavier weapons to Ukraine, the Kremlin used…

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Oil giant Shell feels heat over giant $21 billion Prelude floating LNG plant

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When Dutch-Anglo oil giant Shell decided to build a massive floating gas factory known as Prelude in 2011, it was billed as the dawn of a new era for the industry. Australia was midway through a once-in-a-lifetime $300 billion splurge that would make the country the world’s biggest producer of super-chilled, shipped gas. Floating gas plants were supposed to be…

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