Day: January 21, 2025

Gas Shortage Sparks Debate in Senate; Government Outlines New Exploration Plans

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Gas-Crisis

ISLAMABAD: Amid ongoing natural gas shortages, the federal government informed the Senate of plans to open bidding on 30 newly identified offshore assets within six months. These measures aim to address the worsening gas crisis. Speaking at the session on Monday, Petroleum Minister Musadik Malik revealed findings from recent research indicating significant potential gas resources within Pakistan’s maritime boundaries. “In just two months, 25 to 30 offshore assets have been identified, with bidding scheduled in six months. Additionally, new onshore assets will be opened for bidding within three to four…

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NEPRA Directs Transmission Companies to Implement Performance Recommendations

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New-NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has instructed public-sector transmission companies at the provincial level, along with one private-sector entity, to implement its recommendations outlined in the Performance Evaluation Report (PER) 2023-24. Letters were issued to the CEOs of Punjab Grid Company Limited (PGCL), Sindh Transmission and Despatch Company (STDC), Khyber Pakhtunkhwa Transmission and Grid System Company (Private Limited), and Fatima Energy Limited (FEL), Lahore. NEPRA emphasized the importance of adhering to the recommendations, which were published on its website on December 10, 2024. Key recommendations for transmission…

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Senate Committee Scrutinizes NTDC Restructuring and Power Sector Reforms

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NTDC-Power

Concerns Raised Over IPP Shutdowns, DISCOs’ Efficiency, and Cost of Electricity ISLAMABAD: The Senate Standing Committee on Power, chaired by Senator Mohsin Aziz, convened at Parliament House on Monday to review the government’s restructuring plan for the National Transmission & Despatch Company (NTDC) and evaluate its impact on the power sector. The Ministry of Power outlined its plan to divide NTDC into smaller units, aiming for enhanced efficiency and functionality. According to the ministry, the proposed restructuring involves maintaining NTDC engineers within the National Grid Company to oversee internal operations,…

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Trump Unveils Sweeping Executive Orders on Climate, Immigration, and Federal Policy

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Donald-Trump

WASHINGTON, DC: Former President Donald Trump launched a series of executive orders upon resuming office, targeting diverse areas such as climate policy, immigration, federal employment, and energy. These orders underscore his commitment to reversing Biden-era policies and reinforcing his agenda. Pardons and Capitol Riot CasesTrump issued pardons for approximately 1,500 individuals convicted in the January 6 Capitol riot, including members of the Proud Boys and Oath Keepers. The order also directed the attorney general to dismiss pending riot-related cases. Immigration OverhaulDeclaring illegal immigration a national emergency, Trump designated cartels as…

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OGDCL Boosts Oil and Gas Production in Key Projects

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The Oil and Gas Development Company Ltd (OGDCL) has enhanced its oil output by 145 barrels per day at the Pasakhi-7 well in Hyderabad, Sindh, bringing production to 520 barrels per day. The improvement comes from using advanced technologies, including a Jet Pump system and Multi Physio Chemical Stimulation, the latter marking its debut in the southern region. In another milestone, OGDCL’s Chak 212-1 exploratory well in Punjab’s Mari East Block has made a significant discovery, producing two mmscfd of gas. The gas is now being delivered to Engro Fertiliser…

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