Day: April 15, 2024

PEL Prevails in International Court Over Oil Dispute with Canadian Firm

Admin
oil-and-gas

Islamabad, Pakistan – In a significant legal victory, Pakistani oil firm Petroleum Exploration (Pvt) Ltd (PEL) has emerged triumphant in a protracted legal battle against Bermuda-based Frontier Holdings Ltd (FHL) at the International Court of Arbitration. The ruling, spanning over 80 pages, solidifies Pakistan’s legal authority over Petroleum Concession Agreements (PCAs) and Joint Operating Agreements (JOAs) within its borders. FHL, a subsidiary of Canadian company Jura Energy Corporation, initiated the dispute regarding their involvement in the Badin North and Badin South blocks, where FHL holds a 27.5% share. The blocks…

Read More

PM Advocates for Renewable Energy, Commends Punjab’s Anti-Theft Measures

Admin
Renewable-Energy

Islamabad: Prime Minister Shehbaz Sharif has reiterated his push for renewable energy generation, commending the Punjab government’s efforts to combat power theft. In a recent high-level meeting focused on the power sector, he emphasized the need to transition towards renewable energy sources, highlighting the challenges posed by oil tanker companies and the potential benefits of renewable energy in reducing oil imports for power generation. During the meeting, PM Shehbaz referred to crude oil tanker companies as a “mafia” that exploits the country’s resources, emphasizing the importance of electric transport infrastructure…

Read More

New players eye Pakistan’s growing hybrid, electric vehicles market

Admin
electric-vehicles

ISLAMABAD: As the auto market continues to grow in Pakistan, new players are setting their sights on introducing hybrid as well as electric vehicles (EVs) in the country, and one of the largest automakers has announced its entry into Pakistan. The BYD Group of China has recently announced its entry into the passenger vehicle market in Pakistan in collaboration with Mega Conglomerate Pvt Ltd, the parent company of Hub Power and Haleeb Foods. During a signing ceremony recently held in China, Aly Khan, executive director of Mega, highlighted plans to…

Read More

Sindh preparing policy to produce gas from Thar coal

Admin
coal

KARACHI, April 15 (INP) — The Sindh energy department will prepare a draft policy for production of liquid gas from coal, said Asif Mangi, Deputy Director Sindh Coal Authority (SCA), in an interview with WealthPK. This decision was made in a high-level meeting of Sindh Coal Authority chaired by Sindh Energy and Planning Minister Syed Nasir Hussain Shah recently. SCA consultant Dr Farid A Malik told WealthPK that Thar coal was declared a subject for gasification in the international laboratory of South Africa. He said the meeting was also informed that gas…

Read More

Masdar to Host World Future Energy Summit and Green Hydrogen Summit in UAE

Admin
Future-Energy

Abu Dhabi: Masdar, a leading player in the UAE’s clean energy sector, is gearing up to host the World Future Energy Summit (WFES) and the Green Hydrogen Summit from April 16 to 18 at the Abu Dhabi National Exhibition Centre (ADNEC). This global event focuses on future energy, clean technology, and sustainability, drawing participation from key stakeholders worldwide. The Masdar Pavilion at WFES will be a focal point for innovation, collaboration, and knowledge exchange. It will feature engaging panels and presentations, including forums by Masdar’s initiatives like Y4S (Youth 4…

Read More