European Oil Majors Report ‘Exceptional’ Trading Profits

Europe’s top oil firms reported blowout earnings for the first quarter as oil and gas prices spiked with the European energy crisis and the Russian invasion of Ukraine. All three major producers and traders—Shell, BP, and TotalEnergies—posted their highest quarterly earnings in years, hailing “outperforming” and “exceptional” trading results for contributing to the high earnings, together with spiking oil and natural gas prices and stronger refinery margins. While it’s no secret that trading in volatile markets makes a lot of profits for trading firms and trading divisions, none of the…

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Report on Coastal Pollution In Pakistan

Pakistan has a coastline of about 1050km which touches Iran in the westand India in the east. The Coast is provincially bifurcated into Sindh Coast and MakranCoast. The coast all zone up to 12nauticalmiles(NM) falls unde rthe jurisdiction of Governments of Sindh and Balochistan, while from 12NM upto 200NM fallswith in the federal government jurisdiction

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First Image of Black Hole Captured at Milky Way’s Centre

An international team of astronomers on Thursday unveiled the first image of a supermassive black hole at the centre of our own Milky Way galaxy — a cosmic body known as Sagittarius A*. The image — produced by a global team of scientists known as the Event Horizon Telescope (EHT) Collaboration — is the first, direct visual confirmation of the presence of this invisible object, and comes three years after the very first image of a black hole from a distant galaxy. “For decades, we have known about a compact…

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Karot Project’s First unit Starts Running

The unit-1 of Karot hydropower project with production capacity of 180 megawatts of electricity started running after the successful commissioning of “Wet Test”. “The energy produced from the unit-1 will provide support to the national grid in alleviating the energy crisis,” remarked Karot Power Company CEO Wang Minsheng. The unit-1 with capacity of 180MW is continuously running on full load and is supplying energy to the national grid, said a statement issued by Karot Power Company. “Hard work of Chinese and Pakistani staff enabled us to achieve this important milestone,”…

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Gwadar Needs Urgent Power Supply

Gwadar is seeking urgent arrangements for power supply to ensure robust economic growth, business ecosystem and logistic activities at Gwadar Port as well as in the Gwadar region. The demand for early supply of electricity was made at the Pakistan Energy Development Conference 2022 held at the China Business Centre at Gwadar Port. China Overseas Port Holding Company (COPHC) Chairman Zhang Baozhong said “with regards to development, there are some issues to be solved and power remains the foremost one. We cannot develop until enough electricity is available.” “At COPHC,…

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