Consumers suffer amid K-Electric, SSGC tiff

KARACHI: Pakistan’s hub of economic activities, Karachi, continued to face prolonged power outages on Wednesday that badly crippled industrial output at a time when the economy is poised to recover from the historic Covid-19 depression. K-Electric, the sole power production, transmission and distribution firm responsible to supply power across the city of ports and other parts of Sindh and Balochistan, failed to meet the energy needs as it cited low gas pressure as reason for the outages.  It has held the Sui Southern Gas Company (SSSGC) responsible for the power…

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PTI govt waives guarantee fee on Chinese loans taken to build nuclear plants in Karachi

The federal government has waived the guarantee fee on the Chinese loans being taken to construct two nuclear power plants in Karachi and also sought a report on the total outstanding employee-related liabilities of the Pakistan Steel Mills (PSM).  The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved to write off 0.5% guarantee fee on the foreign loans of the K2/K3 projects. The decision will help reducing the power projects construction cost by Rs12 billion, said a handout of the Ministry of Finance.  Adviser to the Prime Minister…

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Visualizing the Importance of Environmental Management in Mining

A mine will always impact the environment, but the question is to what degree? The responsible management of natural resources and ecosystems such as soils, plants, animals, water and air, and the services they provide, is central to the efforts of any society seeking to become more sustainable. The Intergovernmental Forum on Mining “IGF” has identified four issues that governments could effectively manage to reach sustainability goals. Water Management Biodiversity and Ecosystem Services Mine Waste Management Emergency Preparedness These four key issues are critical for governments and communities to consider to ensure…

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India Topped Its Strategic Petroleum Reserves With $19 A Barrel Oil

India used the ultra-low crude oil prices earlier this year to top its strategic petroleum reserves with oil at $19 a barrel, saving nearly US$700 million in the process, India’s Ministry of Petroleum and Natural Gas said on Monday. “Taking advantage of the low crude oil prices in international market, India purchased 16.71 million barrels (mbbl) of crude in April – May, 2020 and filled all the three Strategic Petroleum Reserves created at Vishakhapatnam, Mangalore and Padur,” the ministry said in a statement, quoting Oil Minister Dharmendra Pradhan as telling…

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Plug-in hybrids called a ‘wolf in sheep’s clothing’ as study claims emissions are higher than thought

Carbon dioxide emissions from plug-in hybrid electric vehicles are more than two-and-a-half-times greater than official test levels, new research claims. Published this week, the analysis — conducted by the Transport & Environment campaign groupand supported by environmental organization Greenpeace U.K. — stated that, on average, “typical” plug-in hybrid electric vehicles, or PHEVs, emit around 117g of CO2 per kilometer. This figure is considerably higher than the 44g of CO2 per kilometer that official test results have shown, the briefing said. To put this data into context, the paper said that over its…

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Big potential, but challenges to overcome: A look at offshore wind in the U.S.

Stretching for thousands of miles, the east coast of the United States is home to major cities, stunning beaches and millions of people. Soon, though, it could also host several major offshore wind farms, a development that would have a significant effect on America’s energy mix. At the moment, the offshore wind sector in the U.S. is small. The country’s first offshore wind farm, the 30 megawatt, five turbine Block Island Wind Farm, only started commercial operations at the end of 2016. Located off the coast of Rhode Island, the…

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A Wave Of Consolidations Hit Canada’s Oil Patch

A vicious one-two-three punch that started with a gloomy long-term future outlook due to rampant fossil fuel divestments, climate change policies, and decarbonization as well as shorter-term—but severe—shocks from the COVID-19 crisis, has thrown Canada’s most important export industry into an existential crisis.  Meanwhile, the drumbeat of exits by foreign oil firms bailing on the unprofitable tar sands has added an extra layer of gloom for an industry responsible for a fifth of Canada’s exports. It, therefore, comes as little surprise that Canada’s oil and gas producers are scrambling to…

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UK projects up to 20 billion barrels of oil remain to be found offshore

The Oil and Gas Authority (OGA) has published the UK Oil and Gas Reserves and Resources as at end 2019. It provides an estimate of the UK Continental Shelf’s remaining recoverable petroleum resources. The report estimates that there remains in the range 10 to 20 billion barrels or more of oil equivalent, including discovered and undiscovered petroleum resources. Official government forecasts suggest that oil and gas will remain an important and critical part of our energy mix for the foreseeable future, as we transition to net zero. Managing the basin’s…

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Brazil’s Petrobras Restarts Trade With Major Oil Traders

Petrobras is resuming oil trade with the world’s top commodity trading houses Vitol, Trafigura, and Glencore, after nearly two years of suspension amid a bribery investigation into the oil trading giants, Brazil’s state-held oil firm told Reuters late on Monday. In December 2018, Brazilian authorities opened an investigation into Vitol, Trafigura, and Glencore over alleged bribery in which traders had allegedly paid bribes of at least US$31 million to Petrobras insiders, traders, and employees in exchange for oil deals.    Just after the investigation was announced, Petrobras said it was suspending oil and…

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Turkey sets new power generation record

urkey set new all-time high records on Sept. 3 for daily electricity production and hourly electricity consumption, the nation’s energy and natural resources minister announced Tuesday. “Turkey’s energy production continues to rise, breaking records. Despite the (COVID-19) outbreak, we have a new record on daily energy production,” Fatih Dönmez reported over his Twitter account. According to the data shared by Dönmez, an all-time high daily generation was recorded on Sept. 3 with 1.07 billion kilowatt-hours (KWh), breaking the previous record of 1.06 billion KWh set on Aug. 2, 2018. The…

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