Category: Highlights

The global reservoir analysis market is evaluated at US$7.737 billion for the year 2020 growing at a CAGR of 4.67% reaching the market size of US$10.174 billion by the year 2026. Reservoir analysis refers to the analysis of the rocks, pores and fluids inside a reservoir to optimise their production and recovery techniques. The methods and equipment used in the analysis develops subsurface data which helps in the analysis of the reservoir in order to increase the reliability of the reservoir. The market is majorly driven by the rapid increase…

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The change was highlighted this winter, when freezing temperatures in the northern hemisphere meant liquefied natural gas tankers went to Asia, the biggest consumer of the fuel and where sellers could get record-high rates. That pushed up market levels in Europe and, conversely, is now acting as a price brake as winter ends and LNG supplies return to the region. “Over the next couple of years European gas prices will become less and less Europe-centric, and more and more globally influenced,” said Andy Sommer, team leader for fundamental analysis and…

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Qatar Petroleum is one of several leading international LNG players that have signed a multi-party agreement collaborate on the development of new medium and large liquefied natural gas (LNG) carrier designs using the LNT A-BOX LNG containment system. Based on IMO requirements for independent type A tanks, the LNT A-BOX cargo containment system is a new design that has recently been deployed on the 45,000 cu.m ABS-classed vessel Saga Dawn, which entered commercial service in the second quarter of 2020. Other signatories to the agreement include the developer of the system,…

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Take a look into the not-so-distant future – a mere decade from now: 2030. Imagine Pakistan’s progress, both in terms of human development and its economy. Now consider how we get there. One thing will become clear: the roadmap must ensure sustainable growth of the power sector by addressing electricity access and affordability for all. Pakistan’s ailing Energy Security Policies Over the past few decades, the failures of Pakistan’s energy policies have resulted in a severe power crisis that has immensely impeded the country’s economic performance. In the late 2000s, power shortages reached…

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ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) has approved approves 12 projects worth Rs267 billion. The ECNEC meeting was held under the chair of Finance and Revenue Minister Dr Abdul Hafeez Shaikh on Thursday to delibarte upon projects related to health, communications, irrigation, disaster management, livelihood support, locust control and water supply. According to a press statement, the cabinet forum approved the Locust Emergency and Food Security (LEAFS) Project at an estimated cost of Rs31.6 billion ($200 million). The LEAFS Project will respond to food security threats caused…

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