Oil drops as surprise US stock build douses demand recovery hopes

Oil prices slid for a second consecutive session on Thursday as US industry data showed a steep and surprising build-up in crude...
Energy

Record drop in energy investment, warns International Energy Agency

The coronavirus crisis is causing the biggest fall in global energy investment in history. Before the pandemic, funding was set to rise 2%,...

NTDC energises 500kV transmission line for Faisalabad west grid station

The National Transmission and Despatch Company (NTDC) is completing its ongoing projects on a fast-track basis through effective utilization of resources despite...

NESPAK-led JV wins Diamer Bhasha Dam’s consultancy contract

Lahore: A National Engineering Services Pakistan (NESPAK)-led joint venture has won the consultancy contract of Diamer Bhasha Dam Project through competitive bidding.  The...

Repair of Tower: NTDC to partially suspend power in Islamabad, Rawalpindi areas

LAHORE: The repair work on the tower of 500kV Rawat–Neelum Jhelum Transmission Line will be carried out on May 20-21, the spokesman...

Oil prices hit one-month highs on output cuts, demand signs

SINGAPORE: Oil prices climbed by more than $1 a barrel on Monday, supported by output cuts and signs of gradual demand recovery...

IEA still sees record 2020 oil demand fall but easing lockdowns helping

LONDON: Oil demand is still set for a record fall in 2020, the International Energy Agency (IEA) said on Thursday, but it...

NTDC energises first 500kV HVAC transmission line

The National Transmission and Despatch Company (NTDC) has connected the High Voltage Direct Current (HVDC) system with High Voltage Alternating Current (HVAC)...

OPEC slashes oil demand forecast again, sees biggest hit this quarter

LONDON: OPEC slashed its forecast on Wednesday for global oil demand this year and predicted this quarter would see the steepest decline...

Diamer-Bhasha dam contract awarded to Power China-FWO

The Rs442bn agreement includes construction of main dam, diversion system, access bridge and 21MW Tangir Hydropower Project
Oil imports

Govt considering buying oil in advance to benefit from global prices

ISLAMABAD: The federal government is considering taking benefit of the decline in global oil prices by purchasing the oil in advance and...
Machai hydel project

Centre fails to pay KP Rs70m for Machai electricity      

PESHAWAR: Despite completion of 2.6megawatt Machai Hydel Power Project (MHPP) three and half years ago, the Khyber Pakhtunkhwa (KP) government has provided...

From zero to hero: Physical oil rally might be short-lived

LONDON: From Kazakhstan to the North Sea and the US, physical crude has jumped in value in recent days, but the rally...
IPPs

‘For meaningful talks’: Govt defers power sector probe for two months

ISLAMABAD: The government has deferred the constitution of an inquiry commission and release of the report on the power sector for two months...

Aramco close to inking $10bn deal with group of about 10 banks: sources

DUBAI: Saudi Aramco is about to finalise a $10 billion loan with a group of roughly 10 banks, three sources familiar with...