Author: Admin

Pakistan finds indications of shale gas presence in well

Admin
gaspipeline_akhbar

ISLAMABAD: Amid declining natural gas production by 8-9 percent annually, the country has found promising indications of the presence of heavy reservoirs of shale gas at the pilot well KUC-1, Hyderabad, Sindh. The project was initiated by the Oil and Gas Development Company Limited (OGDCL) in 2020. As per a USAID study, more than 3,000 TCF (trillion cubic feet) shale gas resources exist in various shale horizons of Pakistan. “We have vertically dug the well and discovered two layers of rocks containing shale gas and OGDCL experts will further vertically…

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Opec leaders make case for fossil fuels at climate event

Admin
Saudi-Energy

RIYADH: Opec heavyweights said on Sunday oil and gas should not be stigmatised in the climate debate and that the industry had a role to play in an orderly energy transition. Energy ministers from Saudi Arabia, the United Arab Emirates and Iraq, the three largest members of the Opec, have gathered in the Saudi capital Riyadh for the UN MENA climate week. “The three of us here as major hydrocarbon producers also have a responsibility to the world to provide the transition with enough hydrocarbon reso­urces to make sure we…

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No short-term solution to fix circular debt issue, says caretaker minister

Admin
Energy-Minister-1

KARACHI: Minister for Energy, Power and Petroleum Muhammad Ali has said there are no short-term solutions to the issue of the circular debt. Speaking at the 20th Annual Excellence Awards organised by the CFA Society Pakistan on Friday evening, Mr Ali said a roadmap to address the issues in the energy sector, including the circular debt, will be developed by November 2023. “The resolution of the circular debt in the gas sector is expected sooner,” he said, adding that the energy sector’s challenges have the spillover effect on other segments…

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Anatomisation of power tariff

Admin
power-tariff

Power Sector as a whole and specifically the electricity tariff is under discussion every day. All and sundry are challenging the validity and veracity of DISCO billing as being patently unfair. Most of the people consider that they are being unjustly penalised for the inefficiency of Discos and the non-payment culture of huge swaths of areas, where illegal abstraction of power happens too often. The experts on being asked, basically blame the tumbling PKR and the spike in international fuel prices as the culprit. A little foray into the works…

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‘Detached from reality’: anger as Rishi Sunak plans to restrict solar panels

Admin
solar-panel

Climate campaigners dismiss government argument that controversial move will improve food security Rishi Sunak plans to restrict the installation of solar panels on swathes of British farmland, which climate campaigners say will raise bills and put the UK’s energy security at risk. Last year, then prime minister Liz Truss attempted to block solar from most of England’s farmland. The plans were deeply controversial and unpopular, and were dropped when she left office. However, solar panels in the countryside are disliked by many rural Conservative MPs, and the Observer can reveal that Sunak and environment secretary Thérèse…

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