OGDCL Sees 16% Profit Decline in Q1 FY25 Amid Lower Sales and Production Challenges

on 25/10/2024

The Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest oil and gas exploration firm, reported a significant 16% decline in profit for the first quarter of fiscal year 2025, attributing the decrease to reduced sales volumes and fluctuating production levels. Despite ongoing efforts to streamline costs, the decline in revenue has had a noticeable […]

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FE secures $405M to speed development of 100-hour battery

on 24/10/2024

Form Energy, , a company that is beginning to produce a longer-lasting alternative to lithium batteries, hit a milestone this month with an announcement of $405 million in funding.The money will allow Form to speed up manufacturing at its first factory in Weirton, West Virginia, and continue research and development.Manufacturing long-duration energy storage at a […]

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Green energy from sea: A self-powered wave sensor, novel biofuel, improved catalytic conversion

on 24/10/2024

Green fields are opening around the world as researchers make inroads into improving efficiencies in new and emerging sustainable vehicles as well as a novel biofuel and power generation from the sea.Flinders University scientists have recently published results from three different studies—targeting potential methods and future technologies to capture ocean wave power efficiently, produce marine […]

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Holographic 3D printing has potential to revolutionize multiple industries

on 24/10/2024

Researchers at Concordia have developed a novel method of 3D printing that uses acoustic holograms. And they say it’s quicker than existing methods and capable of making more complex objects.The process, called holographic direct sound printing (HDSP), is described in a recent article in the journal Nature Communications. It builds on a method introduced in […]

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21st Health Asia exhibition ‘Medical devices, equipment manufacturing may reduce import bill by $2 bn’

on 24/10/2024

Pakistani companies have made notable progress in developing and manufacturing medical devices and equipment. This advancement could reduce the import bill by $2 billion within the next five years and generate foreign exchange by exporting technological items to various countries, said Zubair Motiwala, the CEO of the Trade Development Authority of Pakistan.“Items such as ventilators, […]

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