Category: Highlights

For all the drama surrounding Biden’s latest Strategic Petroleum Reserve fiasco and his admin’s ridiculous idea to “stimulate” US energy producers to pump more oil because, you see, Biden promises to buy oil at some unknown point in the future (he may or may not, but right now he is certainly draining a million barrels of emergency US energy lifeblood just to buy a few midterm votes, assuring energy producers have zero incentive to produce more), the real crisis is not oil or gas, but diesel. The problem is that as we repeatedly warned over the summer,…

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Risen Energy has announced that it has signed a strategic cooperation agreement with ACT Engineering in Pakistan. At the signing ceremony, Mr Muhammad Ahsan, Risen Country Sales Head for Pakistan, stated: “Pakistan has become our main market in Asia since its extraordinary boom in demand over the past few years. The Pakistani government has shown a great interest in renewable energy and continues to support the development of the industry”. “We are delighted to cooperate with ACT Engineering, one of the country’s most professional EPC companies that share the same…

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Islamabad (Khalid Mustafa) Sui gas companies have decided to import 20 thousand metric tons of LPG per month to meet the energy shortage in winter. The price of which will be 780 dollars per metric ton. And it will not include general sales tax. However, if the Jamshoro Joint Venture Limited (JJVL) LPG extraction plant is made operational, it can produce 9,000 metric tonnes of natural gas at a price of $582. If Sui Southern Gas Company’s 57:43 sharing ratio is taken into account, Sui Southern would have received $572 per metric ton…

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ISLAMABAD-Many households and businesses are seeking ways to generate power through their own sources due to the rising costs of electricity. Wind turbines are a terrific method to produce sustainable energy, lower the carbon footprint, and minimise energy costs. Rabia Liaquat, Head of the Department at Energy Systems Engineering, National University of Sciences and Technology (NUST), told WealthPK that compared to conventional wind turbines, the wind turbine developed by NUST is omnidirectional (can catch wind from all directions) and directs the wind flow to a flow duct with double velocity.…

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Amid high energy costs and an impending energy crisis, the government has approved energy and conservation measures preventing the outflow of $1.15 billion per annum. The people of Pakistan are currently paying high electricity prices and yet are suffering from prolonged power outages in addition to circular debt of multi-billion rupees. In their electricity bills, consumers are paying several surcharges in addition to multiple taxes resulting in higher electricity costs. Now, the coalition government has approved energy efficiency measures that will save over one billion dollars annually. The power division…

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