Category: News & Announcement

The recently released report on IPPs by a government sanctioned commission brought not only the power producers into the limelight, but also the design of the previous power policies. While the final verdict on the report is still awaited, especially given the riposte by the private power producers, it is imperative that one identifies the short comings of the previous policies that later lead to controversies. This should prove to be a useful exercise in the context of fact that we’ve embarked on yet another plan to substantially increase power…

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The new strategy sets out priorities to support the oil and gas industry in reducing greenhouse gas emissions, developing carbon capture and storage and implementing hydrogen projects. The Oil and Gas Authority (OGA) has unveiled its strategy to support the drive to net zero greenhouse (GHG) emissions, including new requirements and regulations for industry operators. The OGA says maximising the economic recovery of oil and gas needs not conflict with the transition to net zero and highlights the need for the industry to move considerably faster and further in reducing its carbon footprint – it…

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Despite – or perhaps because of – the global overhang in liquefied natural gas (LNG) supplies, a weak demand profile, and ongoing uncertainty in the hydrocarbons market overall, Qatar believes that the long experience and supportive infrastructure that it has accrued in the sector since first becoming an LNG exporter in 1997 will allow it to regain its former position as the world’s number one LNG exporter. To this effect, it has announced big and bold plans for its flagship supergiant non-associated gas reservoir, the North Dome, together with corollary…

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The number of operating oil and natural gas rigs fell to an all-time low – reflecting data going back 80 years – as the energy industry slashes output and spending to deal with the coronavirus-led crash in fuel demand. The rig count, an early indicator of future output, fell by 34 to a record low of 374 in the week to May 8, according to data on Friday from energy services firm Baker Hughes Co going back to 1940. The prior all-time low was 404 rigs in May 2016. Fuel…

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Pakistan is expected to record a loss of over PKR628bn ($4bn) by the end of the current financial year, which is 30 June 2020, as a result of the adverse impact of the coronavirus pandemic on the economy, according to a report prepared by the sub-committee of the National Coordination Committee (NCC). The report “COVID-19: Preliminary Macroeconomic and Socioeconomic Assessment” said almost all the sectors of the country would suffer a loss due to lack of human and business activity, reported Pakistan Today. Giving a breakdown of the losses, the report…

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