Year: 2022

Cyberattacks On Energy Infrastructure Are On The Rise

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As many as 35 major cyberattacks on energy and oil infrastructure have taken place since 2017, making up one-third of all cyberattack incidents of the past five years, data from the S&P Global Platts Oil Security Sentinel research project showed on Friday. Since 2017, the U.S. has been the most targeted country, followed by the UK and Saudi Arabia, according to S&P Global Platts Oil Security Sentinel. Several high-profile cyberattacks have occurred in the past year alone, including the major ransomware attack on the computer network of the key fuel…

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The U.S. Will Be A Net Oil Importer In 2022

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Higher net crude oil imports are set to make the United States a net petroleum importer this year again, as in 2021, after a historic shift of being a net petroleum exporter in 2020, the U.S. Energy Information Administration (EIA) said on Friday. A net petroleum importer is a country that imports more crude oil and refined products than the crude and products it exports. While the U.S. has been a net petroleum products exporter for more than a decade, it has always been a net crude oil importer, that…

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Energy regulators to be merged for better regulation

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The government has decided to merge Nepra, Ogra and Neeca to form a unified regulator to ensure integrated oversight of the country’s energy sector. This is part of the draft National Electricity Plan 2022-26 of Ministry of Energy (Power Division). As a first step, a joint working group shall be formulated under the convenership of Power Division and comprising of Nepra, Ogra, Neeca, MoPD&SI, Petroleum Division and Power Planning & Monitoring Company (PPMC). The working group shall develop a detailed roadmap for approval by the Government, leading to establishment of…

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CMOD roadmap, targets: Nepra gives CPPA-G Feb 25 deadline

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While showing serious concern at CPPA-G’s lethargy in a meeting to discuss milestones of Competitive Trading Bilateral Contract Market (CTBCM), the National Electric Power Regulatory Authority (Nepra) gave a deadline of February 25, 2022 to submit complete roadmap on Commercial Market Operation Date (CMOD) along with targets, well-informed sources told Business Recorder. The regulator conveyed its irritation to CPPA-G after the second Monthly Progress Review Meeting (MPR) on the implementation of CTBCM held on January 28, 2022. On November 9, 2021, Prime Minister presided over a meeting of his economic team,…

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Govt Devises Plan to Provide Electricity to Every Citizen With 60% Clean Energy Mix

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The government has devised a plan to provide electricity to all citizens of the country by 2030, which will be renewable dominant. In this regard, the National Electric and Power Regulatory Authority (NEPRA) has issued a National Electricity Plan to ensure 100 percent energy access for all by 2030. The government, through this National Electricity Plan, has launched Universal National Electrification (UNE) program to enable a 100 percent electrification target by 2030. Every three years, each DISCO, with the support of the respective provincial government, will carry out and update…

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