ADES gets first onshore drilling contracts in Kuwait
DUBAI: ADES International Holding has secured its first onshore deep drilling contracts under a Lump Sum Turnkey (LSTK) project in Kuwait with Baker Hughes for ADES 180 and ADES 878.…
Pakistan Customs, Tax, Shipping & Business News Resource
DUBAI: ADES International Holding has secured its first onshore deep drilling contracts under a Lump Sum Turnkey (LSTK) project in Kuwait with Baker Hughes for ADES 180 and ADES 878.…
KARACHI: A total of 1.42 million tons of POL (petroleum, oil, lubricants) sales were recorded in November 2019, reflecting a 7.0 percent increase as against off-take of 1.33 million tons…
KARACHI: Pakistan LNG Limited (PLL) has shortlisted Gunvor Singapore for supply of four of five LNG cargoes, 140,000 cubic meters each, to be supplied in January 2020. Gunvor Singapore offered…
ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet has approved amendments to a host of rules governing the regulation of upstream petroleum sector to foster ease of doing business and…
KARACHI: Aimed at reducing the climate change impact by converting Karachi’s municipal solid waste into indigenous and renewable resource of energy, K-Electric and Engro Energy signed a Memorandum of Understanding…
KARACHI: K-Electric (KE) has energized a dedicated 12-megawatt grid along with a dedicated 132kV electricity distribution system to facilitate Getz Pharma’s new manufacturing/production facility in Korangi industrial area. The ceremony…
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved a proposal based on a comprehensive four-year Circular Debt Capping Plan presented by the Power Division to address the…
QUETTA: Natural gas demand has a wide seasonal impact between the summer and winter months. Demand for gas increases four times more in winters than in summers in areas such…
ISLAMABAD: The state-run gas distribution companies have approached the Oil and Gas Regulatory Authority (Ogra) to approve 31 percent increase in prescribed gas prices with effect from July 1 to…
KARACHI: The National Electric Regulatory Authority (NEPRA) has granted transmission license to Sindh Transmission & Dispatch Company (Private) Limited (ST&DCPL) to act as provincial grid company for the province of…
KARACHI: K-Electric is committed towards Karachi and its growth with an investment of $3 billion over the next four years including the 900 MW RLNG-based BQPS-III, a 700 MW coal-based…
KARACHI: Chairman K-Electric Limited (KE) Board of Directors (BoD) Ikram Sehgal tendered his resignation on Wednesday, which was accepted by the board. Ikram Sehgal had succeeded Tayyab Tareen, who had…
KARACHI: Sui southern Gas Company (SSGC) has launched crackdown on hefty defaulting government owned entities. In Karachi, the Company disconnected gas supplies of Abbasi Shaheed Hospital, Sindh Government Hospital North…
HUB: In the presence of the Honourable Prime Minister of the Islamic Republic of Pakistan, Mr. Imran Khan and his Excellency Mr. Yao Jing, Ambassador to Pakistan of the People’s…
ISLAMABAD: Pakistan Energy Sukuk-I (PES-I) issue of Rs200 billion got listed at the Pakistan Stock Exchange (PSX). PES-I is the largest Shariah compliant financial instrument ever listed at a stock…
KARACHI: Pakistan’s overall electricity generation during September 2019 surged 9.0 percent to 13,621Gwh compared with 12,552Gwh generated during the same month last year, latest data released by National Electric Power…
HARBIN: K-Electric has awarded the contracts to global technology powerhouse Siemens AG and Chinese construction contractor(s) Harbin Electric for a 900MW Combined Cycle Power Plant and associated grids at Bin…
KARACHI: The Oil & Gas Development Company (OGDC) has announced gas and condensate discovery from its exploratory well Togh-01, which is located in Kohat, Khyber Pakhtunkhwa. The well has flowed…
KARACHI: K-Electric has signed $50 million loan agreements with Standard Chartered , which is supported by GuarantCo to undertake upgradation of electric power infrastructure including the installation of theft-resistant Aerial…
KARACHI: Universal Gas Distribution Company (UGDC) and leading Singapore based Commodity Multinational, Trafigura have reconfirmed their cooperation agreement for the terminal capacity and supply of LNG to UGDC. Trafigura has…