Category: Canadian Exchange

KARACHI: Pakistan’s overall electricity generation increased 3.0 percent to 14,231 Gwh in July 2019 as against 13,751 Gwh in the corresponding period last year, official data released on Thursday suggests. “Slender rise in power generation during the month is attributed to improvement in hydel and coal based generation, which exhibited a hefty increase of 19…

JOHANNESBURG: African economies are undergoing a transformative period. The energy sector, in particular, holds great potential to revitalize African economies and empower the growth and development. This, is a subject NJ Ayuk dives into in great detail in his sophomore book, Billions at Play: The Future of African Energy and Doing Deals. Billions at Play…

MOROCCO: Total S.A. has inaugurated its thousandth solarized service station, powered by solar panels. The rooftop solar systems at the TOTAL Palmeraie retail outlet in Marrakesh, Morocco, are a milestone in the company’s program to solarize certain of its service stations worldwide, begun in late 2016. Total’s goal is to solarize 5,000 stations in 57…

LONDON: Diversified Gas & Oil (DGO), the U.S. based owner and operator of natural gas, natural gas liquids, and oil wells as well as midstream assets, has entered into binding agreements to acquire two separate packages of margin enhancing natural gas gathering systems in Pennsylvania and West Virginia for an aggregate cash consideration of $7.5…

PARIS–(BUSINESS WIRE)—Total S.A. and Qatar Petroleum have further strengthened their international partnership by signing agreements under which Qatar Petroleum will farm into Total-held exploration acreage in Namibia, Guyana and Kenya. Following completion of the transactions, which are subject to approval by relevant authorities, Qatar Petroleum will partner with Total in each country as outlined below:…

DOHA: Qatar Fuel Company (WOQOD) and Shell Lubricants signed an agreement over the supply of finished premium lubricants. Under the agreement, Shell will provide WOQOD engine lubricants over a five-year period. The agreement was signed at the WOQOD office by Saad Rashid Al-Muhannadi, Managing Director and CEO of WOQOD, Andrew Faulkner, Managing Director and Chairman…

PERTH, AUSTRALIA: Woodside Energy has notified that on 25 August 2019 the Greater Enfield Project produced first oil through the Ngujima-Yin floating production storage and offloading vessel (FPSO). Greater Enfield Project was approved in 2016, to develop the Laverda Canyon, Norton over Laverda and Cimatti oil accumulations through a subsea tie-back to the Ngujima-Yin FPSO,…

LONDON: Kodal Minerals, the mineral exploration and development company focused on its Bougouni Lithium Project in southern Mali has announced the completion and lodging of the Environmental and Social Impact Assessment (ESIA) for the proposed open pit mining and processing operation at Bougouni. Bernard Aylward, CEO of Kodal Minerals, remarked: “The submission of the ESIA…

LONDON: Pakistan’s leading exploration and production (E&P) company, Oil and Gas Development Company (OGDCL) has notified that as per information received from MOL, the operator of TAL Block, hydrocarbons have been encountered in Development well Makori Deep-02, which has been drilled and is currently under testing phase. As a result of drill stem test (DST)…