Pakistan Plans 500MW Floating Solar Project at Keenjhar Lake
Pakistan plans a 500MW floating solar project at Keenjhar Lake, Sindh, to generate clean energy, reduce fossil fuel imports, and support SDGs.
Category : Energy Sector
Brent crude holds near $114 as Middle East tensions persist
Brent crude futures eased slightly but remained near $114 a barrel on Tuesday amid ongoing hostilities in the Middle East, particularly around the Strait of Hormuz.
Oil Rallies, Stocks Mixed on Iran War Uncertainty
World shares mixed as oil surges over 3% on Iran war uncertainty. Markets react to Fed meeting, UAE leaving OPEC, and stalled US-Iran talks.
France's Roadmap to Exit Fossil Fuels by 2050
France has released a comprehensive 14-page roadmap to phase out fossil fuels by 2050, setting targets for transport, buildings, and electricity.
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Strait of Hormuz Crisis Disrupts Global Sugar Supplies
The closure of the Strait of Hormuz is disrupting global sugar supplies, with Brazilian mills diverting cane to ethanol as oil prices surge, tightening supply and threatening demand in the Middle East.
Pakistan: 4,700 MW Power Hit by LNG Shortage Amid Iran War
Pakistan says LNG shortages from the Iran conflict have knocked out 4,700 MW of power generation, but hydropower and local gas helped avoid peak-time outages.
Oil Prices Drop After Four-Year High on US-Iran Tensions
Global oil prices fell after reaching a four-year high above $126 a barrel amid concerns that US-Iran escalation could disrupt Middle East oil supply and hurt economic growth.
PIF to End LIV Golf Funding After 2026 Season
Saudi Arabia's Public Investment Fund announces it will stop funding LIV Golf after the 2026 season, citing strategic realignment and macroeconomic conditions.
Trump Approves Major Canada-US Oil Pipeline 'Keystone Light'
President Trump approves the Bridger Pipeline Expansion, a 650-mile oil pipeline from Canada to the US, dubbed 'Keystone Light', over environmental objections.
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Oil dips on Iran talks proposal, set for weekly gains
Oil prices fell on Friday after Iran proposed US negotiations, but Brent and WTI remain on track for weekly gains amid ongoing Strait of Hormuz tensions.
Pakistan Ends Power Outages After LNG Arrival
Pakistan's energy minister announced the end of planned power outages after LNG supplies arrived, resolving fuel shortages that caused intermittent blackouts in April.
Iraq Starts Work on Basra-Haditha Oil Pipeline
Iraq has begun construction of a 700-km oil pipeline from Basra to Haditha with a capacity of 2.5 million barrels per day, aiming to diversify export routes amid regional tensions.
Brent Crude Hits 4-Year High on US-Iran War Fears
Brent crude oil prices jumped to a four-year high as escalating tensions between the US and Iran raised fears of supply disruptions in the Middle East.
PM Shehbaz orders railways to focus on passenger safety
Prime Minister Shehbaz Sharif has directed Pakistan Railways to prioritise public convenience and safe travel while strengthening freight operations to boost economic activity.
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Germany Sends Minesweeper for Hormuz Mission After US-Iran War
Germany will dispatch a minesweeper to the Mediterranean for a potential mission in the Strait of Hormuz after the US-Iran war ends, pending parliamentary approval.
Iranian President Urges Citizens to Cut Electricity Use
Iranian President Masoud Pezeshkian calls for reduced electricity consumption, warning of US-Israeli plots to create dissatisfaction, as infrastructure strains persist.
Pakistan moves to waive license, fees for small solar consumers
Pakistan's Power Division requests NEPRA to waive licensing fees and requirements for small-scale solar consumers up to 25kW, aiming to reduce barriers and promote clean energy.
Saudi MoUs at Hannover Messe Boost Industrial Localization
Saudi Arabia signed three MoUs at Hannover Messe 2026 to advance electrical manufacturing, smart grids, and industrial localization, aligning with Vision 2030.
Pope: Atomic Energy Only for Peace on Chernobyl Anniversary
Pope Leo XIV marked the 40th anniversary of the Chernobyl disaster, urging that atomic energy be used solely for peaceful purposes and warning of technological risks.
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Egypt ends 11 p.m. shop closure, lifts energy-saving rules
Egypt has suspended energy-saving measures including the 11 p.m. closure of shops, malls, and restaurants, returning to normal operating hours amid global economic shockwaves from the war on Iran.
GCC economies resilient amid geopolitical tensions, fiscal buffers support
GCC economies remain resilient with strong fiscal buffers despite geopolitical tensions and tightening financial conditions, according to Oxford Economics. Bahrain remains most vulnerable with high debt.
Oman Secures $520M in Investments Across Free Zones
Oman signs investment agreements worth over $520 million across its free zones, boosting industries like EV materials, steel, and pharmaceuticals under Vision 2040.
Lenovo Riyadh Factory to Hit 2M Units by 2026
Lenovo's Riyadh factory, its largest outside China, aims to produce 2 million units annually by 2026, with plans to scale up to 8 million units in the second phase.
Saudi Lab Gets Global Nod for Equine Testing
Riyadh's animal health lab earns recognition from 33 countries to test equine diseases, boosting Saudi Arabia's role in horse trade and equestrian events.
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NEPRA Asked to Scrap Solar Fee, License for Up to 25kW
Consumers demand NEPRA scrap fees and licenses for solar systems up to 25kW to boost renewable energy adoption and reduce electricity costs.
Pakistan Chemical Forum Expo 2026 Day 2 Sees Global Interest
The second day of Pakistan Chemical Forum Expo 2026 at Expo Centre Lahore saw overwhelming participation from local and international stakeholders, with foreign delegates expressing keen interest in joint ventures and investment opportunities.
Pakistan Floats Tender for Three LNG Cargoes
Pakistan has floated a tender for three LNG cargoes from the spot market to meet rising electricity demand due to supply disruptions and high oil prices from the US-Israel conflict with Iran.
OGDC Revives Gas Production at Jand-1 Well Attock
OGDC successfully revives gas production from the Jand-1 well in Attock, boosting domestic energy supply and reducing reliance on imports.
PM Shehbaz: Energy conservation averted crisis in Pakistan
Prime Minister Shehbaz Sharif stated that energy conservation and timely measures prevented an energy crisis, emphasizing strategic crude oil reserves and electric vehicles.
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Iran Tightens Hormuz Control After US Abandons Attacks
Iran has tightened control over the Strait of Hormuz after the US called off renewed attacks, escalating tensions in the region and raising concerns over global oil supply.
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