Comments - Shale Gas Revolution For Abundant & Cheap Energy in Pakistan - PakAlumni Worldwide: The Global Social Network 2024-03-28T23:44:10Zhttp://www.pakalumni.com/profiles/comment/feed?attachedTo=1119293%3ABlogPost%3A86734&xn_auth=noHere's a BR report on unconve…tag:www.pakalumni.com,2013-02-24:1119293:Comment:902142013-02-24T15:25:47.248ZRiaz Haqhttp://www.pakalumni.com/profile/riazul
<p>Here's a <a href="http://www.brecorder.com/pakistan/business-a-economy/107602-pakistan-offers-great-potential-in-oil-gas-sectors-dr-asim-.html">BR report</a> on unconventional oil ad gas policy in Pakistan:</p>
<p><i>Advisor to Prime Minister on Petroleumand Natural Resources Dr. Asim said that Pakistan offers great potential in the oil and gas sector and the government is doing its part by introducing new policies to meet the rising energy demand .</i></p>
<p><i>He was presiding over a…</i></p>
<p>Here's a <a href="http://www.brecorder.com/pakistan/business-a-economy/107602-pakistan-offers-great-potential-in-oil-gas-sectors-dr-asim-.html">BR report</a> on unconventional oil ad gas policy in Pakistan:</p>
<p><i>Advisor to Prime Minister on Petroleumand Natural Resources Dr. Asim said that Pakistan offers great potential in the oil and gas sector and the government is doing its part by introducing new policies to meet the rising energy demand .</i></p>
<p><i>He was presiding over a seminar organized by the Petroleum Institute of Pakistan (PIP), a representative body of the oil and gas industry, on the topic "Shale Gas Potential in Pakistan" on Saturday.</i></p>
<p><i>The purpose of holding this seminar was to create awareness aboutpotential and challenges of shale gas in Pakistan and establish PIP'sprofessional standing in view of assisting the government on dealing with the energy crises in the country.</i></p>
<p><i>The forum consisted of 150 distinguished guests from the oil and gas fraternity including government officials, media personnel and students from Karachi's top universities/colleges.</i></p>
<p><i>Dr. Asim Hussain said he has been advocating the need to balancecountry's energy mix, which currently is heavily dependent on natural gas.</i></p>
<p><i><b>He stated that the US Energy Information Administration have estimated 51 TCF Shale Gas Reserves in Pakistan, while as estimated reserves for Low BTU Gas are 2 TCF and that of tight gas are 40 TCF.</b></i></p>
<p><i>He added that Shale Gas exploration is high technical and costly, therefore, in order to encourage its exploration, pilot projects are planned.</i></p>
<p><i>The Ministry of Petroleum and Natural Resources will facilitate E&P Companies wishing to explore shale gas, by granting special concessions through transparent process and based on merit.</i></p>
<p><i>Chairman PIP Asim Murtaza Khan stressed on PIP's role as an effective energy sector advisory body, supporting government and industry in Pakistan todevelop a progressive and sustainable roadmap to meet present and futurechallenges.</i></p>
<p><i>He said that PIP is planning to hold series of seminars in nearfuture. The big ticket items that will be discussed and which need theimmediate attention will be the "LPG Outlook in Pakistan", "Fast-trackingimports of LNG", "Refining Vision 2020", "Energy conservation" and"Restructuring of the Pakistan's gas sector".</i></p>
<p><a href="http://www.brecorder.com/pakistan/business-a-economy/107602-pakistan-offers-great-potential-in-oil-gas-sectors-dr-asim-.html" target="_blank">http://www.brecorder.com/pakistan/business-a-economy/107602-pakistan-offers-great-potential-in-oil-gas-sectors-dr-asim-.html</a></p> Here's BR on PPL introducing…tag:www.pakalumni.com,2012-12-29:1119293:Comment:897172012-12-29T18:22:43.828ZRiaz Haqhttp://www.pakalumni.com/profile/riazul
<p>Here's <a href="http://www.brecorder.com/top-news/108-pakistan-top-news/98349-ppl-introduces-stress-field-detection-technology-in-pakistan.html">BR on PPL introducing new petroleum exploration technology</a> in Pakistan:</p>
<p><i>A PPL statement here on Saturday said that developed by NXT Energy Solutions (NXT), a geophysical service company based in Canada, SFD (<a href="http://en.wikipedia.org/wiki/Stress_Field_Detector">Stress Field Detection</a>) is a proprietary cutting edge,…</i></p>
<p>Here's <a href="http://www.brecorder.com/top-news/108-pakistan-top-news/98349-ppl-introduces-stress-field-detection-technology-in-pakistan.html">BR on PPL introducing new petroleum exploration technology</a> in Pakistan:</p>
<p><i>A PPL statement here on Saturday said that developed by NXT Energy Solutions (NXT), a geophysical service company based in Canada, SFD (<a href="http://en.wikipedia.org/wiki/Stress_Field_Detector">Stress Field Detection</a>) is a proprietary cutting edge, eco-friendly airborne reconnaissance method to identify potential hydrocarbon traps and reservoirs in a time- and cost-effective manner, especially in unexplored on- and off-shore frontier regions with limited access and infrastructure.</i></p>
<p><i>It said that the SFD is expected to be particularly useful in the current energy scenario, warranting fast track identification of, and production from, relatively deeper, more complex reserves of hydrocarbons to bridge the supply-demand gap.</i></p>
<p><i>Welcoming the guests, PPL's Managing Director and Chief Executive Officer, Asim Murtaza Khan, underscored the increasing importance of deploying latest exploration technology to meet production and reserves replacement targets to address the current deficit and ensure future energy security. SFD technology has been successfully applied by leading oil and gas companies in North America, Colombia and other countries. PPL is proud to be the first company to apply the technology in Pakistan', he said.</i></p>
<p><a href="http://www.brecorder.com/top-news/108-pakistan-top-news/98349-ppl-introduces-stress-field-detection-technology-in-pakistan.html" target="_blank">http://www.brecorder.com/top-news/108-pakistan-top-news/98349-ppl-introduces-stress-field-detection-technology-in-pakistan.html</a></p> Here's the Nation on Pakistan…tag:www.pakalumni.com,2012-06-07:1119293:Comment:870292012-06-07T02:52:54.468ZRiaz Haqhttp://www.pakalumni.com/profile/riazul
<p>Here's <a href="http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/business/22-May-2012/oil-import-bill-soars-to-12-58b">the Nation</a> on Pakistan's soaring oil imports:</p>
<p><i>Pakistan’s oil import bill soared by 43.52 per cent to reach $12.583 billion during the first ten months (July-April) of the outgoing financial year 2011-2012 against $8.768 billion in the same period of last year (2010-211).</i></p>
<p><i>According to the latest figures released by Pakistan…</i></p>
<p>Here's <a href="http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/business/22-May-2012/oil-import-bill-soars-to-12-58b">the Nation</a> on Pakistan's soaring oil imports:</p>
<p><i>Pakistan’s oil import bill soared by 43.52 per cent to reach $12.583 billion during the first ten months (July-April) of the outgoing financial year 2011-2012 against $8.768 billion in the same period of last year (2010-211).</i></p>
<p><i>According to the latest figures released by Pakistan Bureau of Statistics (PBS) on Monday, the break-up of $12.583 billion oil import revealed that country imported petroleum products worth of $8.355 billion in July-April 2011-2012, up by 69.81 per cent if compared with $ 4.920 billion of July-April 2010-2011. Meanwhile, the import of petroleum crude increased by 9.89 per cent to $ 4.228 billion during the period under review against $3.848 billion of the corresponding period of the last year.</i></p>
<p><i>It might be mentioned here that country’s exports had recorded negative growth of over three per cent during the first ten months of the outgoing financial year, as these were recorded at $19.393 billion in the period under review against $20.092 billion of same period last year. On the other hand, country’s imports increased by 14.81 per cent in one year, as these were recorded at $37.042 billion in July-April 2011-2012 against $32.263 billion of July-April 2010-2011. Therefore, the trade deficit remained higher at $17.649 billion in July-April period of 2011-2012 against $12.171 billion of same period last year.</i></p>
<p><i>Meanwhile, the break-up of imports further revealed that import of food items recorded a minor decline of 1.73 per cent and reached $4.231 billion in July-April period of the year 2011-12 against the $4.305 billion in July-April period of the year 2010-11.</i></p>
<p><i>According to the data, import bill of milk products increased by 3.75 per cent, wheat unmilled decreased by 100 per cent, imports of dry fruits and nuts surged by 2.78 per cent, import of tea increased by 4.76 per cent, import of spices reduced by 5.16 per cent, soyabean oil’s imports went down by 30.79 per cent, palm oil import increased by over 18.26 per cent, sugar import declined by 97.89 per cent, import of pulses went down by 7.06 per cent and import of all other food items increased by 32.51 per cent during the period under review.</i></p>
<p><i>Apart from oil and food imports, the country imported machinery worth of $ 4.567 billion, transport group imports stood at $ 1.670 billion, textile group $1.980 billion, agricultural and other chemicals $ 5.979 billion, metal group $ 2.297 billion, miscellaneous group imports recorded $ 772 million and all other items imports were recorded at $ 2.962 billion during July-April period of 2011-12 against July-April period of 2010-11.</i></p>
<p><a href="http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/business/22-May-2012/oil-import-bill-soars-to-12-58b" target="_blank">http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/business/22-May-2012/oil-import-bill-soars-to-12-58b</a></p> Here's a Daily Times report o…tag:www.pakalumni.com,2012-04-14:1119293:Comment:865572012-04-14T15:10:20.459ZRiaz Haqhttp://www.pakalumni.com/profile/riazul
<p>Here's a <a href="http://www.dailytimes.com.pk/default.asp?page=2012%5C04%5C14%5Cstory_14-4-2012_pg5_17">Daily Times report</a> on IFI holdings of Pakistani shares:</p>
<p><i>Foreigners remained aggressive in Pakistan’s oil and gas sector as they continued to own more than 500 million shares ($950 million) in Oil and Gas Development Company (OGDC) and approximately 120 million shares ($250 million) of Pakistan Petroleum Ltd (PPL), which represent 83 percent and 45 percent of free float of…</i></p>
<p>Here's a <a href="http://www.dailytimes.com.pk/default.asp?page=2012%5C04%5C14%5Cstory_14-4-2012_pg5_17">Daily Times report</a> on IFI holdings of Pakistani shares:</p>
<p><i>Foreigners remained aggressive in Pakistan’s oil and gas sector as they continued to own more than 500 million shares ($950 million) in Oil and Gas Development Company (OGDC) and approximately 120 million shares ($250 million) of Pakistan Petroleum Ltd (PPL), which represent 83 percent and 45 percent of free float of OGDC and PPL, respectively. This is primarily due to higher oil prices and decent volumetric growth. Similarly, their shareholding in Pakistan State Oil (PSO) and Pakistan Oilfields (POL) is expected to remain almost the same. Thus out of $2.7 billion worth of stocks that foreigners hold (as of March to December 2011), approximately 50 percent of the foreign shareholding is only concentrated in oil sector, including which OGDC alone contributes 35 percent.<br/> Interestingly, foreigners which own every third Pakistani share of free-float, have been net buyers of $11 million so far in CY2012 primarily due to record inflows in regional markets amid improved risk appetite and better global economic data. Last year due to depressed global markets, foreign participants offloaded their positions in Pakistan liquidating $123 million net in 2011 contrary to net buying of $526 million in 2010. However, thanks to continued interest in Pakistan market, foreigners now hold shares valuing $2.7 billion as of March 30, 2012 (28 percent of free float). Their peak holding was $5.1 billion (27 percent of free float) in April 2008 and lowest was $1 billion (17 percent of free float) in March 2009.<br/>
Estimated holdings of foreigners in Pakistan key stocks are OGDC $950 million, MCB $250 million, PPL $250 million, UBL $135 million, Lucky Cement $135 million, FFC $125 million, Unilever $100 million, POL $75 million, Hubco $65 million, NBP $50 million, Engro $35 million, Nestle $35 million, PSO $25 million and DGK Cement $20 million.</i></p>
<p><a href="http://www.dailytimes.com.pk/default.asp?page=2012" target="_blank">http://www.dailytimes.com.pk/default.asp?page=2012</a>\04\14\story_14-4-2012_pg5_17</p>