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The Oil and Gas Development Company’s (OGDCL)’s production of Liquefied Petroleum Gas (LPG) witnessed a 9 per cent increase and crude oil 2 per cent during the last fiscal year. “Despite natural decline at various mature producing fields, the company’s average daily net LPG production clocked in at 803 tons portraying an increase of 9% largely due to start-up of production from Mela and Saand fields coupled with higher production from Nashpa, KPD-TAY and non-operated JV fields,” the company said in its financial report for the year 2020-21 available with…

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European natural gas prices jumped Monday after Russia booked little additional pipeline capacity to move more supplies to the continent next month. Gazprom PJSC booked no additional capacity for November through Ukraine during an auction Monday. The company took only about 35% of the available capacity via Belarus and Poland next month. The auction’s results came despite Russian President Vladimir Putin’s remarks last week that his country could help stabilize prices by sending more natural gas to Europe.  Additional Russian volumes could help ease a supply crunch on the continent, where…

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If concrete were a country, it would be the third largest emitter of greenhouse gases on Earth, behind only China and the United States. According to the Global Cement and Concrete Association (GCCA), around 14 billion cubic metres of concrete are cast each year. How can this material, essential for global housing, construction and infrastructure, be made less damaging to the planet? – How bad can it be? – Cement is the most utilised material on Earth, consumed to make concrete at a rate of some 150 tonnes each second. Cement production alone accounts for as…

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With consumers bracing for an expected gas shortage during winter, furnace oil (FO) is poised to make a comeback for meeting the power generation needs of the country. Unlike last year, the gas crisis was likely to hit during peak winter (November and December), when the share of hydropower in the overall electricity generation mix declines considerably amid lower water supply, a research report of AKD Securities pointed out. Consequently, the shortfall in generation would likely be bridged through expensive FO-based generation, the report added. The country’s switching over to…

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A coal shortage is threatening the global economic recovery. Blackouts could spread from China and India to all the emerging economies still mostly reliant on coal. As supply can’t be ramped up in the near term, the shortages could worsen as energy demand rises with winter’s arrival. That may trigger another emerging-market crisis. The coal price has more than tripled in a year to near historical highs, while oil prices are halfway to their peak. The near-term trend is still up. As blackouts trigger a political backlash at home and domestic supply remains difficult…

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