Category: Highlights

ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 25th Nov, 2020 ) :The Oil and Gas Development Company Limited (OGDCL) has discovered another gas reserve from its exploratory Well located in district Musa Khel, Baluchistan province. According to a press release, the discovery of Lakhirud X-1 is the result of aggressive exploration strategy adopted by the Company. It has opened a new avenue and set to add the hydrocarbon reserves base of OGDCL besides help reducing the gap between supply and demand of oil and gas in the country…

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An oil tanker was damaged in the Red Sea near Saudi Arabia after a mine exploded on Wednesday, the Associated Press reported, citing the tanker’s operator and a maritime security company. The MT Agrari oil tanker, managed by a Greek company and flying a Maltese flag, was damaged by a mine off the Saudi city of Shuqaiq near Yemen. “Their vessel was attacked by an unknown source,” the firm operating the MT Agrari said in a statement carried by AP. “The Agrari was struck about 1 meter above the waterline…

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Baker Hughes reported on Wednesday that the number of oil rigs in the United States rose by 10 to 241, resuming its climb after a one-week decline last week. The total number of active oil and gas rigs increased for the week by 10, with oil rigs increasing by 10 and gas rigs rising by 1. Miscellaneous rigs fell by 1 rig. Total oil and gas rigs in the United States are now down by 482 compared to this time last year. The EIA’s estimate for oil production in the…

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Millions and millions of tons of trash is dumped every day, globally, either on landfill sites; to be recycled later or directly into oceans. A huge quantity of trash accumulated by the oceans creates havoc for marine life, in fact due to ‘oceanic littering’ and other human activity; various areas are on the verge of an ecological disaster, whereas coral reefs and precious indigenous marine life is on the brink of extinction. Although, some states have ramped up conservation efforts to save oceans from the lingering disaster, however, these efforts…

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ISLAMABAD: Major stakeholders including commercial and industrial representatives on Monday opposed increase in prescribed gas prices demanded by the Karachi based Sui Southern Gas Company Ltd (SSGCL) to meet its revenue requirements for the current fiscal year. Instead the All Pakistan Textile Mills Association (Aptma) made a case for cut in the well-head gas price to reduce the cost of gas supply and cover up SSGCL’s revenue gap. This was also supported by the SSGCL. Other key stakeholders including car manufacturers, ceramics association and Karachi Chamber of Commerce and Industry…

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