SINGAPORE: State-owned QatarEnergy has signed a long-term sales and purchase agreement with oil and gas major Shell to supply it with liquefied natural gas (LNG) for delivery to China. The deal is for the supply of three million metric tons per annum year of LNG, said QatarEnergy in a statement on Monday, adding that the agreement will start in January 2025. QatarEnergy added that the agreement highlights the continued growth of China’s LNG market, but did not say how long the duration of the supply deal with Shell would be.…
Read MoreDay: December 2, 2024
Oil rises on Chinese data, Middle East tensions
HOUSTON: Oil prices rose on Monday, as strong factory activity in China buoyed hopes of higher demand, and as escalating tensions in the Middle East, where Israel resumed attacks on Lebanon despite a ceasefire deal, spurred supply concerns. Brent crude futures climbed 36 cents, or 0.49%, to $72.20 a barrel by 10:44 a.m. EST (1544 GMT) while U.S. West Texas Intermediate crude rose 34 cents, or 0.5%, to $68.33. “Crude futures are gaining support this morning on positive economic data from China, as well as expectations that OPEC will delay…
Read MoreGoodWe Recognized Among Forbes China Go-International Series Top 30 Brands for Exceptional Contributions to Global Energy Transition
GoodWe, a global leader in solar inverter manufacturing and energy solutions, has been named among the Top 30 Brands in the 2024 Forbes China Go-International Series. This recognition highlights the company’s outstanding achievements in globalization, innovation, and its role in shaping global markets. At the award ceremony, Cameal Yu, International Marketing Director of GoodWe, expressed gratitude for the recognition: “This award is a testament to our brand’s success in global expansion, made possible by the support of our customers and employees worldwide. At GoodWe, we believe in creating and winning…
Read MorePakistan’s Inclusion in International Engineering Alliance to Be Decided in June 2025
ISLAMABAD: The International Engineering Alliance (IEA) is set to decide on Pakistan’s inclusion during its annual meeting in Mexico in June 2025. The Pakistan Engineering Council (PEC) recently hosted a review meeting at its headquarters, attended by representatives from three signatory countries of the International Professional Engineers Agreement (IPEA). Key PEC officials, including Registrar Dr. Nasir Muhammad Khan and heads of Registration, CPD, and Accreditation Departments, were present. Dr. Khan delivered a comprehensive briefing to the review committee, which will continue its evaluation until mid-January 2025. Following the review, a…
Read MoreInternet Disruptions Persist Across Pakistan, Hampering Work and Education
KARACHI: Internet users across Pakistan, particularly in Karachi and other major cities, are experiencing severe connectivity issues as slow internet speeds continue to disrupt daily life. The sluggish internet has made sending and receiving multimedia messages on platforms like WhatsApp challenging, impacting both Wi-Fi and mobile data services. Those most affected include freelancers, digital marketers, students, and individuals working from home, as their productivity and learning are significantly hindered. In Karachi, areas such as Saddar, Liaquatabad, FB Area, and Gulistan-e-Jauhar are reporting severe slowdowns and, in some cases, complete Wi-Fi…
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