Author: Admin

Trump’s wind war clouds Orsted’s $9.4 billion survival plan

Admin
power

COPENHAGEN: Danish offshore wind developer Orsted cut its 2025 profit outlook on Friday, just hours before it is poised to secure shareholder approval for a $9.4 billion emergency rights issue as it seeks to avert a looming credit downgrade. Once celebrated as a trailblazer in offshore wind, the state-controlled group now finds itself in dire straits, grappling with industry-wide challenges as risks pile up on its U.S. projects due to President Donald Trump’s opposition to wind power. Adding to its troubles, low wind speeds in July and August and a…

Read More

Indian Oil skips US crude, buys Nigerian, Mideast oil via tender, say sourcesIndian Oil skips US crude, buys Nigerian, Mideast oil via tender, say sources

Admin

NEW DELHI/SINGAPORE: Top Indian refiner Indian Oil Corp skipped the purchase of U.S. oil in its latest tender and instead bought 2 million barrels of West African and a million barrels of Middle Eastern grade, trade sources said on Friday. The state refiner also bought one million barrels each of Nigerian oil grades Agbami and Usan from French oil major TotalEnergy, and another million barrels of Abu Dhabi’s Das crude from Shell, the people said. Nigerian oil has been bought on free-on-board basis and Das has been purchsed on a delivered basis…

Read More

Shehbaz’s government has completely failed Pakistan on growth and reforms: Dr. Miftah Ismail

Admin
Miftah-Ismail

Karachi, September 05, 2025: In a wide-ranging and hard-hitting interview published in the September 2025 issue of US award winning magazine SouthAsia, former Finance Minister Dr. Miftah Ismail delivers a sharp critique of Prime Minister Shehbaz Sharif’s economic governance, arguing that the country is not moving in the right direction and that urgent structural reforms are being ignored. Dr. Ismail, a two-time finance minister and renowned economist with a PhD from the Wharton School, emphasizes that while some macroeconomic stability has been achieved, it has come at the cost of…

Read More

OGRA Peshawer Endorsement team and District Administration Conduct Joint Operation in Peshawar

Admin
New-Project12

Islamabad, September 5, 2025:The Oil and Gas Regulatory Authority (OGRA) Enforcement Team, Peshawar, in collaboration with the District Administration, carried out a joint operation against illegal LPG activities in the city. During the operation, action was taken against individuals involved in LPG decanting and filling in public service vehicles (PSVs), illegal dabba stations, and unauthorized LPG auto-refueling setups. As a result, six LPG shops, one illegal LPG auto-refueling station, and one illegal dabba station were sealed on the spot. The enforcement team also confiscated LPG decanting equipment. In addition, joint…

Read More

Pakistan Reconsiders TAPI Pipeline as LNG Surplus Undermines Viability

Admin
TAPI-gas

ISLAMABAD: Pakistan is rethinking its commitment to the $13 billion Turkmenistan–Afghanistan–Pakistan–India (TAPI) gas pipeline after global consultancy Wood Mackenzie advised delaying gas intake from Turkmenistan until at least 2031, citing an oversupply of imported LNG. A senior Energy Ministry official confirmed that the recommendation has triggered urgent deliberations within the Petroleum Division, with options ranging from formally deferring commitments to considering a withdrawal from the project. Pakistan is already struggling to manage long-term LNG contracts amid a sharp decline in domestic gas demand. Officials say Islamabad is also reassessing TAPI’s…

Read More