May 22, 2023 -

Gulf Oil Giants Turn To Start Ups In Carbon Capture Bid

May 22, 2023May 22, 2023 Admin

Faced with mounting pressure over planet-heating pollution, Gulf Arab energy giants are turning to humble tech start-ups as they search for ways to remove emissions while keeping oil flowing.Oil producers have for years touted capturing carbon before it goes into the atmosphere as a potential global warming solution, against criticism from climate experts who say it risks distracting from the urgent goal of slashing fossil fuel pollution.

U.S. Drilling Rigs Swing To Annual Loss For First Time In Years

May 22, 2023May 22, 2023 Admin

The all out number of absolute dynamic penetrating apparatuses in the US fell by 11 this week, as per new information from Bread cook Hughes distributed Friday, subsequent to falling by 17 last week. The all out rig count tumbled to 720 this week — 8 apparatuses beneath this time the year before. It is the main year-over-year misfortune in…

Power Firms Seek To Extract Rs50bn

May 22, 2023May 22, 2023 Admin

Amid inflation already rising at the highest rate in half a century at 36.4 per cent, one of the key contributory factor — the electricity costs — continue to sustain spiking trend as ex-Wapda Distribution Companies (Discos) and K-Electric seek regulatory clearance to extract over Rs50 billion more from their consumers in the sizzling month of June.

Hydropower Water Projects Ministry Agrees To Allocate Rs100bn As IBC Mushtaq Ghumman Published May 20, 2023

May 22, 2023May 22, 2023 Admin

The Ministry of Planning, Development and Special Initiatives (MPD&SI) has agreed to allocate Rs 100 billion as Indicative Budget Ceiling (IBC) including foreign aid allocation for hydropower and water projects for FY 2023-24, well-informed sources told Business Recorder.

Tarbela 5th Extension Project To Generate Electricity By 2025

May 22, 2023May 22, 2023 Admin

Chairman Wapda Engr Lt Gen Sajjad Ghani (Retd) has said that electricity generation from the project would start in 2025. He visited Tarbela 5th extension hydropower project on Friday where he was briefed about the project. Masood Ahmed from World Bank also accompanied the chairman.

Groundwater Contamination By Coal Fired Power Plants Quite High In Thar

May 22, 2023May 22, 2023 Admin

Residents of Thar have expressed their concern over groundwater contamination being caused by coal-fired power plants in Thar is high. According to the statement of Peoples’ Tribunal on Thar local water table is going down due to dewatering of coal-mines while, on the other hand

Electricity Generation In Pakistan Declines 23% YoY in April

May 22, 2023May 22, 2023 Admin

Total power generation in Pakistan witnessed a significant decline of 23% on a yearly basis to 10,010 GWh in April 2023, compared to 12,960 GWh in same period last year.

Pakistan Taken Off FATF’s ‘Grey’ List Due To Hectic Efforts of FIA, FCCI Told

May 22, 2023May 22, 2023 Admin

Pakistan has come out of the FATF grey list due to the dedicated efforts of the Federal Investigation Agency (FIA) and practical cooperation of the business community. We are holding awareness meetings with an objective to sensitize the business community to ensure strict financial discipline in their institutions on a sustained basis, said Rai Ijaz Ahmad, Director FIA.