Category: Highlights

The deep freeze will wreak havoc on oil and gas production for several days — if not weeks — according to industry experts, as companies deal with frozen equipment and a lack of power to run operations. Texas produces more oil and natural gas than any other state, and its operators, unlike those in North Dakota or Alaska, are not accustomed to dealing with frigid temperatures. Numerous refineries in Texas have also been shut, though weather events rarely knock substantial amounts of production offline in oil patches far from the Gulf…

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ISLAMABAD: In an unexpected development, the National Accountability Bureau (NAB) has swung into action and started staring down with ‘doubt’ at the conversion of MoUs into altered contracts, starting from signing of MoUs with 47 IPPs up to the signing of amended power purchase agreements (PPAs) to look for ‘any wrongdoing.’ And to this effect, the anti-graft body wrote a letter to secretary power on February 10, seeking details till today (Thursday) about the MoUs, amended Power Purchase Agreements and ask for rationale to invoke local arbitration on excess profit…

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THE broader dimension of China-Pakistan Economic Corridor (CPEC) is that it is a project of larger regional and political integration. Besides, CPEC provides economic prosperity for various regions of Asia, especially the economically deprived regions. Pakistan is a key state for the success of this project since it (CPEC) covers over 3000 kilometre area of Pakistani geopolocialitics. According to a recently published book, “The China-Pakistan Economic Corridor of the Belt and Road Initiative: Concept, Context and Assessment” CPEC is a project of immense significance for Pakistan and China. The book…

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It is increasingly getting clear that RLNG has issues of irregular pricing and there are other supply chain issues like availability of infrastructure. In the wake of dwindling local gas production, the government of Pakistan is almost frantically looking for closing the demand-supply gap. It is trying to divert gas from captive power plants to other sectors, a move that has been opposed by the textile sector. It appears that RLNG is no panacea, as it appeared earlier. There are many issues. Although, RLNG will remain a major gas resource…

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Punjab Minister for Energy Dr. Akhtar Malik has said that generation of low cost electricity from renewable energy sources is among top priorities of the provincial government.Dr. Akhtar Malik said that his department has set a target to reduce Punjab government’s annual electricity bill from Rs37 billion to zero. He said that the government schools, universities, jails, hospitals, and basic health centers (BHUs) across the province are being shifted to solar energy. RS4.1M RELEASED FOR HEIRS OF DECEASED LGH STAFFERThe Punjab Government on Tuesday released financial assistance grant of 4.1…

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