Year: 2025

Mari Energies Limited Announces Oil & Gas Discovery at Exploration Well Mari Ghazij CF-B1, Located in Mari D&PL – Sindh Province

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By the grace of Almighty Allah, Mari Energies Limited is pleased to announce an Oil & Gas discovery resulting from its exploratory efforts at Mari Ghazij CF-B1 Well, drilled in Mari D&PL, located in Sindh Province. MariEnergiesis the Operator of Mari Development & Production Lease (Mari D&PL) with 100% working interest. Mari Ghazij CF-B1 well was spud-in on September 12, 2025 and successfully drilled down to the total depth of 1,195 meters into SUL formation. Mari Ghazij CF-B1 was an exploratory well targeting the oil prone zones within Ghazij formation.…

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BC Technology Unlocks Superior Value for PV Plants

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LONGi secures top honors at the 2025 TÜV Rheinland “All Quality Matters” Awards, reaffirming its leadership in photovoltaic technology, product quality, and value-driven innovation. Multiple Honors Highlighting Excellence On September 24, the 2025 TÜV Rheinland “All Quality Matters” Photovoltaic and Energy Storage Awards Ceremony concluded in Changzhou, Jiangsu. At the event, LONGi’s BC modules won multiple prestigious accolades. The Hi-MO 9, developed for utility-scale projects, claimed the highest distinction—the “All Quality Matters PV Module Award”—for its flawless quality and exceptional performance. Meanwhile, the Hi-MO X10 lightweight module and Hi-MO X6…

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OPEC Chief Urges Greater Investment in Oil and Gas as Global Energy Demand Set to Rise

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oil-and-gas

MOSCOW: OPEC Secretary General Haitham Al Ghais emphasized the urgent need for increased investment in the oil and gas industry, asserting that oil will continue to play a major role in the global energy mix—accounting for nearly 30% by 2050. Speaking at the Russian Energy Week conference in Moscow on Wednesday, Al Ghais said that economic expansion, population growth, and rapid urbanization point to a clear reality — “the world will need much more energy than it is consuming today.” He projected a 23% rise in primary energy demand by…

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Power Division Allows Discos to Outsource Manpower to Third Parties

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Power-sector

ISLAMABAD: In a major move aimed at improving operational efficiency and reducing long-term financial liabilities, the Power Division has permitted all Distribution Companies (Discos) to outsource manpower to third parties based on their operational needs. The decision comes amid a severe staff shortage across Discos, which has hampered maintenance and development work, causing delays in repairs and service delivery to consumers despite timely bill payments. Appearing before the National Assembly Standing Committee on Power, Secretary Power Division Dr. Fakhre Alam Irfan confirmed that Discos have been allowed to engage manpower…

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IMF Warns Global Debt Could Soar to 123% of GDP by 2030, Nearing WWII Levels

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New-IMF

WASHINGTON: Global public debt is on track to exceed 100% of global GDP by 2029, reaching its highest level since 1948, the International Monetary Fund (IMF) warned on Wednesday, urging governments worldwide to rebuild fiscal buffers and curb rising risks to economic stability, Reuters reported. According to Vitor Gaspar, head of the IMF’s Fiscal Affairs Department, public debt could surge to 123% of global GDP by the end of the decade under an “adverse but plausible” scenario — just below the post–World War II peak of 132%. “The most concerning…

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