Category: News & Announcement

Saudi Aramco is starting early preparations for an international listing, just months after the oil giant turned its record initial public offering into a domestic affair and sidelined global banks, people with knowledge of the matter said. The world’s largest publicly traded company is in discussions with Wall Street banks to draw up scenarios for a second listing overseas, according to the people, who asked not to be identified because the information is private. Aramco wants to be ready to move ahead if Saudi Arabia’s de-facto ruler, Crown Prince Mohammed…

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February 26 2020: Known and respected for his transformational skills in the energy sector over two decades of experience in the industry, the newly appointed Managing Director & CEO of Pakistan State Oil Co. Ltd, Syed Muhammad Taha has taken charge of the company. Speaking about his appointment, Mr. Taha said: “I am truly honoured to lead the country’s largest oil marketing company with utmost devotion. PSO has huge growth potential in fuel & non-fuel retail, as well as in the lubricants segment. I am well aware of the chronic problems…

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ISLAMABAD – A female aerospace engineer from Pakistan is developing a pollution-free engine for airplanes which will reduce global warming and induce artificial rain during flight. Dr. Sarah Qureshi, who holds a Master’s in Aerospace Dynamics and a Ph.D. in Aerospace Propulsion from Cranfield University, UK, is confident that her invention will take the aviation industry by a storm. [Gallery] These 30 women are the most beautiful in the world Easyvoyage Top 5 reasons to live and study in Warrnambool, Australia Deakin University International by TaboolaSponsored Links Pakistani PM Imran…

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The welfare of humanity has critically depended on our ability to harness and use energy. Development in Pakistan has similarly faced huge obstacles resulting largely from our inability to organise the availability of energy at a reasonable cost in a world where energy supply is plentiful and evolving technology is making it cheaper. Our history is replete with episodes of ‘stop-go’ growth driven by energy shortages and excessive costs both of which arise from mismanagement. Energy policy has been reactive, lacking coherence, foresight as well as cost consciousness. Instead of…

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The U.S. shale industry continues to show signs of slowing down, with production declining in major shale basins outside of the Permian.close [x]PauseUnmuteLoaded: 56.44%Remaining Time -0:36Picture-in-PictureFullscreen Financing stress has plagued the shale sector for quite some time, but investors continue to bail on oil and gas stocks. The FT points out that the energy sector is now underperforming the S&P 500 “by the biggest margin since the Japanese attack on Pearl Harbor in December 1941.” In other words, it has been nearly 80 years since U.S. oil and gas stocks have performed so badly…

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