Month: January 2023

Norway Proposes 92 New Oil And Gas Exploration Blocks

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Norway, Western Europe’s biggest oil and gas producer, is offering up to 92 new blocks for hydrocarbon exploration in the new round of licensing in mature areas, the petroleum and energy ministry said on Tuesday. The proposal from the ministry adds 92 new oil and gas exploration blocks in the Norwegian Sea and the Barents Sea to the best-known areas for exploration. The announcement for the licensing round will take place in the third quarter of this year, with the award of blocks expected to be announced in January 2024.…

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Sanctions On Russia Are Stalling A Crucial Iranian Gas Project

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Things were not meant to go like this as far as Russia and Iran, and indeed China, were concerned, following the invasion of Ukraine on 24 February 2022. Within a week of that date, President Vladimir Putin’s vision ran, Russia would have secured control over its neighbour. In oil and gas terms, this would have meant the continuation and expansion of Russian gas flows into Europe through Nordstream 2 and oil shipments being increased into the south of the continent. This would also have meant that a big increase in…

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LPG distributors urge govt to take action against ‘mafia’

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KARACHI: The price of LPG reached the mark of Rs300 per kg on Tuesday across the country, touching a new peak in the history of the country. LPG was available at Rs300 per kg with the price of domestic cylinder increasing by Rs235 to Rs3550 and the price of commercial cylinder climbing by Rs908 to reach a high level of Rs13620. Irfan Khokhar, Chairman of LPG Distributors Association of Pakistan, expressed these views while addressing a press conference at Karachi Press Club on Tuesday. He regretfully said although the fixed…

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For brain storming I am of the view that if in winter total NTDC load is 9000 MW if aardvark group of 1200 MW tripped due to any fault then expected drop in frequency

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electric

.For brain storming I am of the view that if in winter total NTDC load is 9000 MW if aardvark group of 1200 MW tripped due to any fault then expected drop in frequency will be around 6% .let say if Kanuup 2400 MW tripped the drop in frequency in winter will be around 13% and in summer it will be 7%.The 7% drop in frequency can tripped the whole fragile grid system.I was opposing the insatllation of large generating station like kanupp 2 with out proper study of primary…

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Upstream Spending To Rise To $485 Billion In 2023

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Over the past three years, the majority of U.S. energy companies have avoided spending big to expand production in the aftermath of the 2020 oil crisis, prioritizing returning more cash to shareholders in the form of dividends and share buybacks. Most oil and gas companies have only announced small increases in their capital spending for the current year, and also plan to grow production modestly. But this does mean that these companies won’t try to capitalize on oil prices that remain at multi-year highs. In its 2023 outlook, Energy Intelligence notes that global…

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