Category: Highlights

Byco Petroleum Pakistan Limited (BPPL) has won the Best Place to Work Award 2021 at an event in Karachi. The event was organized by the Pakistan Society of Human Resources Management (PSHRM) and Engage Consulting with more than 100 organizations. Byco Petroleum secured the top honor as the Best Place to Work in the energy/oil and gas industry. The year 2021 has been a good year for Byco as it won many awards on different platforms.Byco Pakistan is proud of its inclusive and diversified work culture in addition to its…

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China is helping Pakistan in boosting its renewable energy development. Recently, Pakistan’s industry and commerce market entered into a new era of 500W+ by adopting a type of advanced photovoltaic (PV) modules made by a Chinese enterprise. JinkoSolar, along with its local partner Hadron Solar, will provide 775 pieces of Tiger Pro modules with 500W+ to be installed on the rooftop of a pharmaceutical factory in Pakistan. These modules will generate 633 MWh of electricity annually over the next 25 years to meet the factory’s requirement. In addition to this,…

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America’s stored natural gas reserves are lower than normal headed into the winter heating season, and gas prices have increased by about 150 percent compared to last year. A boom in LNG exports is part of the reason: thanks to years of investment in new liquefaction infrastructure, about 10 percent of the nation’s natural gas production is now exported in the form of liquefied natural gas (LNG) – primarily to Asia. Spot prices in the western Pacific are running at record highs of up to $56 per million BTU; in…

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Chinese coal futures delivered their biggest weekly rise on record, driven by a worsening energy crisis that threatens to pile further pressure on the country’s property developers as they grapple with looming debt payments. Thermal coal futures traded on the Zhengzhou Commodity Exchange rose 8 per cent on Friday to Rmb1,692 ($263) a tonne, taking them 34 per cent higher over the past five sessions and marking the largest weekly gain since they began trading in Zhengzhou in 2013. China’s coal futures have closed every trading day this week at…

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he Energy Information Administration projected that renewable resources—particularly solar and wind—will be the largest contributor to the growth in global electricity generation through 2050. It cautioned, however, that certain regions will still mainly use coal resources for electricity generation. The projection are part of EIA’s International Energy Outlook 2021. It said the absence of regional carbon policies or regulations along with rising natural gas prices after 2030—particularly in Asia and in regions that rely on higher-cost liquefied natural gas (LNG)—are likely to make coal the most economical generation fuel to pair…

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