Author: Admin

Oil & Gas Middle East will next month introduce a paywall across its website. Readers will be able to unlock unlimited access to Oilandgasmiddleeast.com for $14.99 per month to enjoy the market-leading content we strive to create. The move is recognition of Oil & Gas Middle East’s status as an authoritative media brand for the Middle East’s upstream sector, informing industry stakeholders across the supply chain. The paywall will enable the Oil & Gas Middle East team to invest further in its content while also helping to provide a more…

Chinese scientists on a marine research vessel used China’s home-made “Sea Bull II” drilling system to obtain a sediment core 231 metres (253 yards)long at a depth of 2,060 metres (6,760 feet), the official Xinhua news agency said. The system can help explore natural gas hydrate resources in the seabed, Xinhua added, referring to the solid ice-like crystals formed from a mixture of methane and water that are touted as a promising source of energy. It was unclear exactly where the drilling took place in the South China Sea, around…

International Monetary Fund (IMF) has projected that arrears of state owned gas companies – Sui Northern Gas Pipeline Limited (SNGPL) and Sui Southern Gas Company (SSGC) will rise by 0.6 percent of GDP by the end of financial year 2021-22 due to higher cost-revenue mismatch as more liquefied natural gas (LNG) has recently been diverted from the high price power sector to low price domestic users. The IMF report for second to fifth reviews prepared by a staff team of the Fund for the Executive Board’s consideration on March 24…

ISLAMABAD: The government will neither privatize its all electric power distribution companies (DISCOs) nor sell out their shares as well, rather it will hand over management of every company and outsource the high losses feeders to the private sector. This will ensure to make DISCOs efficient by scaling down losses and increasing the recovery of the billed electricity to consumers to make the power sector sustainable.” Special Assistant to the Prime Minister on Power and Petroleum Mr Tabish Gauhar disclosed this to The News in an interview here on Thursdays.…

A comprehensive plan has been formulated on Punjab Chief Minister Usman Buzdar’s directives to provide international standard public transport to citizens living in major cities like Lahore, Rawalpindi, Faisalabad, and Multan. According to details, 100 electric buses will be run in Rawalpindi to modernise these cities’ transport system for which a new route plan will be designed. Route No. 1 will be from Saddar to New Airport Islamabad. Route No. 2 from Rawat to Saddar, Route No. 3 from Faizabad via IGP Road to Airport and from Sangjani to Radio…

K-Electric has said that enhanced use of re-gasified liquefied natural gas (RLNG) to meet growing demand for power from the city of ports during the summer season will cost an additional Rs18 billion during March-September and consumers will partially share the cost. Besides, the company has decided to provide maximum possible relief to its consumers during Ramazan, but it would strictly follow its policy of intentional load-shedding of up to seven hours a day in 25% areas in the city, said K-Electric CEO Syed Moonis Abdullah Alvi. The company resorts to intentional…