Category: Highlights

Oil bulls predict demand for oil will snap back quickly as global economic conditions improve. The International Energy Agency (IEA), on the other hand, expects a more muted recovery. Not surprisingly you can find any demand forecast needed for either the bull or bear case. And that’s just for short term price and demand forecasts. Longer term demand forecasts have to reckon with negative factors like the rise of electric vehicles including cars, trucks and buses as well as and the nudges of environmental-social-governance (ESG) investing. In addition, the industry…

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Renewable energy consumption in the United States continued to rise for the fourth year in a row in 2019, with wind energy and wood and waste energy each accounting for 24 percent of all renewable energy used in America, the Energy Information Administration (EIA) said on Monday. Last year, U.S. consumption of renewable energy reached a record 11.5 quadrillion British thermal units (Btu), or 11 percent of total U.S. energy consumption, the EIA has estimated. Of the renewable energy used, wind energy—almost exclusively used to produce electricity—accounted for 24 percent…

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ABU DHABI, (UrduPoint / Pakistan Point News / WAM – 18th Oct, 2020) Abu Dhabi will host the oil and gas industry’s largest online exhibition and conference, as the ADIPEC Virtual Conference brings together over 5,000 government ministers, global energy leaders and professionals to assess the collective measures the sector is putting in place to fast-track recovery, post COVID-19. Held under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and hosted by the Abu Dhabi National Oil Company, ADNOC, the ADIPEC Virtual Conference will run from…

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The Sui Northern Gas Pipelines Limited (SNGPL) has requested OGRA for the grant of an additional quota of 300,000 new connections to move towards clearing its backlog which touched the figure of 2.7 million applications due to ever-increasing demand of the commodity and certain capacity issues. “For the current fiscal year, the Oil and Gas Regulatory Authority (OGRA) had granted the permission for around 400,000 connections, which was extremely insufficient against 2.7 million pending applications on the SNGPL s network,” a senior official privy to petroleum sector developments told APP. He…

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ISLAMABAD: The PTCL Board of Directors has appointed Matthew Willsher, currently CEO of Etisalat Afghanistan, as Chief Executive Officer (CEO) PTCL Group (PTCL & Ufone), effective from December 2020. According to a press release issued on Sunday, Mr Willsher succeeds Rashid Khan, who was president and CEO of PTCL Group since March 2019 and decided to leave the group due to his personal reasons. “Matthew has been working in the telecom industry for over 25 years. Previously he has been CEO of Etisalat in Afghanistan and in Nigeria, and held…

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