Latest news with #Energy
Business Recorder
6 hours ago
- Business
- Business Recorder
Free solar electricity to be provided to poor families: Sindh govt increases loan limit for skilled women: Nasir
KARACHI: The Sindh government has announced significant initiatives aimed at empowering skilled women and accelerating rural development across the province. Sindh's Minister for Energy, Planning and Development, Syed Nasir Hussain Shah, stated that the loan limit for skilled women has been increased to Rs 1.5 million, while free solar electricity will be provided to poor families in rural areas. Other consumers will be charged only Rs 10 per unit. He made these remarks while addressing an event organized by the Sindh Rural Support Organization (SRSO) at the Arts Council Karachi. The event was attended by SRSO Chairperson Naheed Shah, Chairman of the Planning & Development Board Najam ul Hassan Shah, Arts Council President Ahmed Shah, Member Provincial Assembly Siraj Qasim, CEO Muhammad Danial Kalhoro, and several other notable personalities from various sectors. Nasir Hussain Shah stated that the current SRSO program for skilled women is operational in 17 districts of Sindh, but as per the special directive of Chairman Bilawal Bhutto Zardari, the program will be expanded to all districts of the province. This will enable rural women and youth across Sindh to become self-reliant and economically stable. He emphasized that the Sindh government's vision is clear: to empower citizens, eradicate poverty, and create local employment opportunities. This vision, he added, is being practically implemented under the leadership of Chairman Bilawal Bhutto Zardari. The Minister further shared that mini-grid stations will be established in villages to ensure affordable and uninterrupted electricity supply, which will not only help address the energy crisis but also contribute significantly to the promotion of environmentally friendly energy solutions. Commending the efforts of the Sindh Rural Support Organization, Nasir Hussain Shah said that the organization is not only generating employment but also playing a pivotal role in training, skill development, and promoting self-reliance among rural women, youth, and local communities. He affirmed that the Sindh government highly values the services of SRSO and will continue to extend full support to its initiatives. He concluded by saying that the government is committed to accelerating development in underprivileged areas, with the dual aim of improving quality of life and enabling local communities to become self-sufficient through their own resources. Copyright Business Recorder, 2025
Korea Herald
6 hours ago
- Business
- Korea Herald
Industry minister heads to Washington for trade talks with US counterparts
South Korea's new industry minister departed for Washington, D.C., on Wednesday to hold talks with high-level officials of the Donald Trump administration, about a week before the Aug. 1 deadline for a trade deal is set to expire. During his three-day trip to the United States, Kim Jung-kwan, minister of trade, industry and energy, will meet with US Commerce Secretary Howard Lutnick, Energy Secretary Chris Wright and Interior Secretary Doug Burgum, who also serves as the chairman of the National Energy Council, according to his office. "Given the significant impact that tariff negotiations could have on our economy, the government will thoroughly respond by carefully considering the sensitivities across different sectors," Kim was quoted as saying. "Although it is currently difficult to predict the direction of US tariff measures, the government will engage in negotiations under close coordination between relevant ministries, with an aim to maximize national interest," he added. "We will make every effort to ensure that this negotiation becomes an opportunity to upgrade the Korea-US cooperation in the industrial and energy sectors, producing a positive-sum outcome for both countries." The ministry of trade, industry and energy said Kim is expected to highlight the potential for increased cooperation between Seoul and Washington in many strategic industries, including energy, shipbuilding, semiconductors and batteries, while meeting his US counterparts this week. Kim's US trip, the first of its kind since he took office Monday, comes amid South Korea's efforts to speed up tariff negotiations with the Trump administration before Washington begins imposing 25 percent reciprocal tariffs on Korean products on Aug. 1. It also comes ahead of planned "2+2" trade talks involving South Korea's Finance Minister Koo Yun-cheol, Trade Minister Yeo Han-koo and their US counterparts -- Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer -- set to be held Friday (local time) in Washington. Foreign Minister Cho Hyun is also arranging a visit to the US to meet with his counterpart, Marco Rubio, according to government officials. National Security Adviser Wi Sung-lac reportedly headed to Washington on Sunday to engage with his US counterparts in tariff negotiations. South Korea has been negotiating with the US on a wide range of trade issues for months, seeking a full exemption or reduction of the planned 25 percent reciprocal tariffs for the country and sectoral tariffs imposed on all steel and automobile imports by the Trump administration. Items on the negotiating table are said to include Seoul's import ban on American beef from cattle aged 30 months or older, proposed online platform regulations and restrictions on the export of high-precision map data. (Yonhap)
Globe and Mail
a day ago
- Business
- Globe and Mail
Barclays Sticks to Its Buy Rating for Schlumberger (SLB)
In a report released today, David Anderson from Barclays maintained a Buy rating on Schlumberger, with a price target of $46.00. The company's shares closed last Friday at $33.32. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Anderson is an analyst with an average return of -1.1% and a 46.23% success rate. Anderson covers the Energy sector, focusing on stocks such as Schlumberger, Cactus, and Baker Hughes Company. In addition to Barclays, Schlumberger also received a Buy from TR | OpenAI – 4o's Wes Rigmoor in a report issued on July 19. However, on July 18, Piper Sandler maintained a Hold rating on Schlumberger (NYSE: SLB). SLB market cap is currently $50.01B and has a P/E ratio of 11.42. Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SLB in relation to earlier this year. Most recently, in May 2025, Patrick de La Chevardiere, a Director at SLB sold 5,000.00 shares for a total of $167,900.00.
El Chorouk
2 days ago
- Business
- El Chorouk
Hydrocarbons: 'Signing of 5 major contracts worth over $600 million USD'
On Monday, the Minister of Energy, Mines, and Renewable Energies, Mr. Mohamed Arkab, oversaw the signing ceremony of 5 hydrocarbon contracts with foreign partners, with a total investment value of no less than $606 million USD, for a period extending up to 30 years. According to a statement from the supervising ministry, these contracts are part of the results of the 'Algeria Bid Round 2024,' which is the first international competition organized under the new Hydrocarbons Law No. 19-13. This round resulted in the awarding of 5 out of six proposed blocks for contracts extending over 30 years, including 7 years dedicated to exploration work, with a minimum total investment estimated at $606 million USD. A 'participation' contract was signed between Sonatrach and the alliance of Swiss company 'Philada' and Austrian company 'ZenGas,' concerning the 'Toual 2' block (Berkine Basin) in the southern wilayas or provinces of Ouargla and Illizi. Sonatrach also signed a 'participation' contract with the Chinese company 'Sinopec,' concerning the 'Gourn El Goussa 2' block (Gourara-Timimoun Basin) in the southern provinces of Bechar, Beni Abbes, El Bayadh, and Timimoun. The third contract was in the form of 'production sharing' between Sonatrach and the alliance of the Italian consortium 'Eni' and the Thai 'PTTEP,' concerning the 'Reggane 2' block in Adrar wilaya. A 'production sharing' contract was also signed between Sonatrach and the Chinese company 'ZPEC,' concerning the 'Zarafa 2' block (Ahnet-Gourara Basin) in the wilayas of Adrar and In Salah. The fifth contract was signed in the form of production sharing between Sonatrach and the alliance of 'Qatar Energy' and 'TotalEnergies,' concerning the 'Ahara' site in southern Illizi province. The same source confirmed that these results reflect the attractiveness of the new investment climate in Algeria, supported by a modern and flexible legal framework, and a clear strategy aimed at strengthening value-added partnerships, especially in the fields of exploration and the valorization of national hydrocarbon resources. The statement indicated that through this step, Algeria reaffirms its commitment to supporting sustainable investments in the energy sector, thereby enhancing its contribution to economic development and consolidating its position as a reliable and promising destination in the field of hydrocarbons at the international level.
India.com
2 days ago
- Automotive
- India.com
Ford Bronco New Energy SUV - Up To 1220Km Range, 105.4kWh Battery, ADAS And More
photoDetails english 2934890 Ford has officially revealed the Bronco New Energy SUV for the Chinese market via pictures. For context, "New Energy Vehicles" (NEVs) in China include battery electric vehicles, plug-in hybrids, and fuel cell-powered vehicles. The newly unveiled Bronco NEV borrows styling cues from the ICE-powered Bronco and Bronco Sport models, available in select global markets. It will be offered with two powertrain options: electric and plug-in hybrid. Let's know more about the Ford Bronco New Energy SUV.
