Category: Highlights

OGDCL boosts working interest in Qadirpur gas field to 83% 

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ojdcl

Oil and Gas Development Company Limited (OGDCL) has announced a significant increase in its working interest in the Qadirpur Development and Production Lease (D&PL) through a farm-in agreement with KUFPEC Pakistan B.V.  The energy giant disclosed this development through a notice to the Pakistan Stock Exchange (PSX) on Thursday. The move enhances OGDCL’s stake in the gas field from 75% to 82.99%, reinforcing its position in Pakistan’s energy sector. “Oil and Gas Development Company Limited (OGDCL) is pleased to announce the successful execution of a Farm-in Agreement with M/s KUFPEC…

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Planning for power

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power

Integrated economic planning for Pakistan’s power sector requires a comprehensive approach that addresses the multifaceted challenges faced by the sector today. At its core, this planning should aim to synchronise policies, investments, and operational decisions across all segments of the power sector – generation, transmission, and distribution – while aligning them with the broader objectives of economic growth, industrial competitiveness, and environmental sustainability. Holistic policy frameworks are essential for a unified direction for the power sector. For instance, the US’s Integrated Energy Policy mandates federal and state-level alignment of energy…

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SolaX Unveils Groundbreaking Energy Solutions at WFES 2025, Paving the Way for a Sustainable Future in the MENA Region

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New-Project

Abu Dhabi – SolaX Power proudly showcased its cutting-edge solar technology at the World Future Energy Summit (WFES) 2025, the MENA region’s first major photovoltaic exhibition of the year. As the leading event for solar innovation, WFES served as the ideal platform for SolaX to reveal a comprehensive range of solutions tailored to meet the energy demands of residential, commercial, and utility-scale applications. At Booth No. 5155, visitors had the opportunity to explore SolaX’s advanced energy strategies that cater to the region’s growing need for sustainable energy solutions. Key among…

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LNG traders divert six US cargoes to Europe from Asia

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LNG

SINGAPORE: Traders diverted at least six cargoes of liquefied natural gas that were on course for Asia to Europe earlier this month, drawn by higher European prices and amid weak Asian demand, according to analysts and shipping data. The diverted cargoes could help meet additional European demand as countries seek to replace piped Russian gas after the Ukraine transit deal expired on Jan. 1, while weather forecasts point to lower temperatures in northwest Europe. The vessels had loaded in the US and were initially destined for China, South Korea, Thailand…

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As cut in power tariff likely FRIA wants major reduction

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power tariff

LahoreAs the National Electric Power Regulatory Authority (Nepra) is likely to slash power tariff by Rs1.035 per unit as part of monthly fuel price adjustment for December 2024, the Ferozepur Road Industrial Association has said that some major cut should be introduced to provide relief to electricity consumers, who are bearing very high tariffs.FRIA Chairman Shahbaz Aslam said that the Central Power Purchasing Agency-Guarantee has submitted a formal request to Nepra on behalf of power distribution companies (DISCOs), proposing a tariff reduction of Rs1.035 per kilowatt-hour (kWh) compared to the…

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