Category: Uncategorized

Tanker owners had a blast in the spring: nations around the world went into lockdown, oil demand slumped, and hundreds of millions of barrels of excessive supply had to be stashed somewhere—offshore. Now, tanker rates are plummeting, and while industry insiders believe there is a light at the end of the tunnel, it is a long tunnel. The tanker market is in “cash burn mode”, said the chief executive of Diamond S Shipping, as quoted by Lloyd’s List. The amount of oil in floating storage has fallen significantly since this…

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K-Electric, the sole electricity provider in the country’s business capital, Karachi, and nearby districts, has selected Oracle Fusion Cloud Supply Chain and Manufacturing (Oracle Cloud SCM) to automate its demand management and supply process for over 600 components of power distribution equipment.  This deployment will contribute to K-Electric’s mission to deliver uninterrupted, safe, and affordable power to Karachiites, as the new cloud offering can provide accurate forecasts to improve efficiency, reduce operational costs, and help enable K-Electric to respond quickly to increased power demand.  K-Electric will deploy Oracle Cloud SCM,…

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Historian and American University professor Allan Lichtman, who has correctly guessed every United States presidential race winner since 1984, including Donald Trump’s surprise victory in 2016, has predicted that Trump will not get another term. Lichtman measures the chances of the winner based on his “13 keys to the White House” scale. The keys factor in the strength of the economy, incumbency, contests, policy changes, scandals, social unrest and even the charisma of the incumbents and challengers. As per the scale, if six or more of these statements are true,…

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BENTON COUNTY, Wash. – Scout Clean Energy (“Scout”), announced plans to add solar and battery storage components to a proposed wind farm that would be located just south of the Tri-Cities in Benton County, Washington. The innovative development will combine wind energy, solar energy, and battery energy storage in the same location – making more renewable energy available to customers during lower wind periods, and for short durations when the sun is not shining, and the wind is not blowing.  “Throughout the development process, our team has been diligently examining…

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ISLAMABAD: The government has decided to auction unutilized capacity of LNG Regasification Terminals not under government’s use on a short-term basis, Business Recorder reported on Wednesday. Currently two LNG Regasification Terminals are operational, one each under Sui Southern Gas Company Limited (SSGCL) and Pakistan LNG Terminals Limited (PLTL). While SSGCL terminal is operating near capacity, the PLTL terminal is under-utilized with an average utilization of only 51 percent in 2019-20. This excess and unutilized capacity is causing the tarrif to shoot up from the levelized tarrif which casued additional burden of…

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