Category: Highlights

Prime Minister’s Office (PMO) has given the deadline of a couple of weeks for mapping 6000-MW solar projects across the country and proposed tariff along with indexation to attract international investment. These directions were issued at a meeting on September 5, 2022, presided over by Special Assistant to Prime Minister on Effective Governance, Dr. Jehanzeb Khan, a close relative of Azam Khan, who was secretary in the government of Imran Khan. The meeting was attended by MD PPIB, Director AEDB, Joint Secretary Finance Ministry, senior energy specialist of World Bank,…

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Äager is an innovative environmental process, emission & air pollution controlequipment manufacturing and engineering company, participating at ADIPEC2022 between October 31 to November 3 in the 13th hall, at the GermanPavilion.Hosted by the Abu Dhabi National Oil Company (ADNOC), ADIPEC is the world’smost influential gathering for energy industry professionals. This year ADIPECwill accelerate the energy transition and unlock real value in a decarbonizedfuture. Ground-breaking technologies will be introduced to the sectors, andexploring actionable strategies and solutions to the challenges and opportunitiescreated by complex global energy market dynamics will be the…

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Oil prices rose on Friday as investors considered Russia’s threat to halt oil and gas exports to some buyers, but crude was set for a second straight weekly decline as central banks’ aggressive rate hikes and China’s Covid-19 curbs weighed on demand. Brent crude futures rose 27 cents, or 0.3 per cent, to $89.42 a barrel by 0330 GMT. US West Texas Intermediate (WTI) crude futures climbed 15 cents, or 0.2pc, to $83.69. “I think the selloff in oil prices may come to a pause for now due to a…

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Countries are rushing to fill their underground facilities ahead of the winter season in a bid to prevent widespread industrial paralysis and more energy poverty. The need to store gas has become a national security priority in the wake of Russia’s war in Ukraine, with the possibility of a complete suspension of Russian flows looming over the EU.The indefinite shutdown of the Nord Stream 1 pipeline has only raised fears of an imminent worst-case scenario, driving prices further up. Governments are now going on a shopping spree to stock as…

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Crude prices edged up about 1% on Thursday after dropping to a seven-month low in the prior session after Russia threatened to halt oil and gas exports to some buyers. That price increase came despite a surprise build in U.S. crude inventories last week and concerns that China’s extension of COVID-19 lockdown measures would slow global economic activity and hit fuel demand. U.S. crude stockpiles surged by nearly 9 million barrels last week due to a combination of increased imports and ongoing releases from government emergency reserves, the Energy Information…

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