China’s announcement at the United Nations General Assembly that it will no longer build any new coal-fired power plants abroad accelerates the energy transition in Asia’s emerging markets but also raises challenges, according to a new analysis by the IHS Markit Global Power and Renewables service.
Pakistan only started importing liquefied natural gas (LNG) six years ago, but its growing dependence on the super-chilled fuel is starting to turn into a nightmare.
Asian power demand is switching away from LNG and into oil burning, Rystad Energy has said, driven by high prices.
Surging US Henry Hub gas prices, as well as higher and extremely volatile global gas prices, offers a lesson for emerging markets that investment in gas importing, distribution and power production assets will lead to stranded assets and lost wealth, according to analysis from IEEFA.
A Pakistani group of companies has won Offshore Block 5, offshore Abu Dhabi, under its second bid round.
State-owned Pakistan State Oil, Pak-Arab Refinery and Pakistan LNG will receive a $4.5 billion loan to fund imports of crude, petroleum products, urea and LNG over 2021-2023.
South Asia, which includes India, Pakistan, Sri Lanka, and Bangladesh, is slowly following the rest of the world in the transition towards cleaner energy systems. The subtle shift opens potentially large market opportunities for energy service suppliers.
PGNiG has acquired a 25% interest in the Musakhel Block in central Pakistan, which the Polish state oil and gas producer estimates holds 16 billion cubic metres of gas resources.
Italy’s Eni has sold its Pakistan business to Prime International Oil & Gas Company as part of a plan to streamline its upstream portfolio to focus on strategic assets.
Qatar Petroleum (QP) has signed a deal to supply up to 3 million tonnes per year of LNG to Pakistan.
Pakistan's ministry of petroleum has said authorities are ending offshore drilling off the Karachi coast in the Arabian Sea after no reservoirs of oil or gas were found.
UK-based Premier Oil has completed the sale of its Pakistan business. Premier has divested Premier Oil Pakistan Holdings to Al-Haj Energy for £50 million. It follows the receipt of necessary approvals and finalisation of working capital adjustments.
Saudi Arabia’s Crown Prince Mohammed bin Salman said his country signed so-called memorandums of understanding worth $20 billion of investment in Pakistan.
akistan said it saved more than $600 million over the first 10 years of a natural gas supply deal by pitting some of the world’s biggest sellers against each other.
The death toll from an oil tanker fire in Pakistan has risen to 153, with dozens more in a critical condition, and the fatalities are expected to increase.
The death toll from an oil tanker fire in Pakistan has risen to 148, with dozens more in a critical condition, a rescue official said.
Premier Oil this morning confirmed it had shifted its Pakistan business.
Pakistani firefighters said the death toll has risen to at least 17 people after a fire from a decommissioned oil tanker.
At least 11 labourers have died after an explosion at a ship-breaking yard in south-west Pakistan.
At least seven labourers have been killed and dozens of others injured in an explosion at a ship-breaking yard in south-western Pakistan, police said.
Singapore's BW Group has signed a deal to supply a floating storage and regasification unit (FSRU) to Pakistan’s second liquefied natural gas import terminal.
Hungary's MOL Group announced a new gas discovery in the MOL operated TAL block in Pakistan, the company’s 13th discovery in the country and the ninth discovery in the TAL block.
GlobalData said the biggest Liquefied Natural Gas (LNG) contract among all importing countries in the world was signed by Pakistan in the first quarter of 2016.
Amec Foster Wheeler said it has won a contract from Pakistan Refinery Limited for a detailed feasibility study to upgrade their refinery in Karachi.
Austria's OMV has made a new gas discovery in the Latif South-1 exploration well in Pakistan.