Author: Admin

Global Oil and Gas Demand May Keep Rising Until 2050, IEA Warns in New OutlookAgency says world likely to miss climate goals as fossil fuel consumption remains strong

Admin
New-Oil

LONDON: In a major revision of its long-term projections, the International Energy Agency (IEA) has said that global oil and gas demand could continue to grow until 2050, signaling that the world is unlikely to meet its climate targets despite decades of pledges to transition toward cleaner energy. The findings, published in the IEA’s World Energy Outlook 2025, mark a sharp shift from its earlier forecasts that global oil demand would peak this decade. The agency — traditionally seen as the West’s energy security watchdog — now predicts that under…

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Nepra Rebukes Power Division Over Hasty Industrial Tariff ProposalRegulator warns against bypassing due process as industry terms package inadequate

Admin
New-NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Tuesday admonished the Power Division for attempting to rush through approval of its proposed discounted electricity package for industrial and private agricultural consumers without prior consultation. “You are compromising your case by seeking instant regulatory approval. This is unfair to the regulator and those who make payments,” said Nepra’s Sindh Member (Technical), Rafique A. Shaikh, during a public hearing led by Nepra Chairman Waseem Mukhtar. His remarks came after a Power Division team, headed by Additional Secretary Mehfooz Bhatti, sought immediate…

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Pakistan Unveils $100 Billion Maritime Expansion Plan to Boost Fleet, Ports and Blue Economy

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New-Project114

KARACHI: In a major push to unlock its vast ocean potential, Pakistan has launched a $100 billion maritime development plan aimed at expanding its national shipping fleet, modernizing ports, establishing green ship repair and recycling facilities, revitalizing fisheries, and advancing maritime education, Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry announced on Thursday. Speaking at the closing ceremony of the Pakistan International Maritime Exhibition and Conference (PIMEC) in Karachi, Chaudhry said the initiative — branded “Maritime @100” — represents a long-term national blueprint to build a robust blue economy by 2047…

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Over Two Dozen AKU Scholars Named Among World’s Top 2% Most-Cited Scientists by Stanford University

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New-Project113

KARACHI: In a remarkable recognition of Pakistan’s growing contribution to global research, more than two dozen scholars from the Aga Khan University (AKU) have been included in the World’s Top 2% Most-Cited Scientists List for 2024, compiled by Stanford University. The annual list, one of the most respected global benchmarks for scientific excellence, identifies leading researchers across diverse disciplines — including health care, education, climate science, economics, and mental health — based on standardized citation data from Elsevier’s Scopus database. The ranking evaluates scientists’ influence through their academic citations and…

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PPL achieves Capacity and Production Enhancement at Gambat South GPF-II

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Capacity and Production Enhancement

KARACHI, November 11, 2025: Pakistan Petroleum Limited (PPL) is pleased to announce enhancement in gas processing capacity at the Gas Processing Facility (GPF-II), located in Gambat South Block, District Sanghar, Sindh. The Company is the operator of the Gambat South Block with 65 percent working interest, along with joint venture partners Government Holdings (Private) Limited and Asia Resources Oil Limited with 25 percent and 10 percent working interests, respectively. The GPF-II Plant, originally commissioned in 2016 with a design capacity of 50 MMscfd of raw gas containing 26% CO₂, was…

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