Offshore drilling near Karachi coast completed

ISLAMABAD: Offshore drilling near Karachi coast on Indus G-Block (Kekra-1) has finally been completed after four months of hard work. The drilling was done through...

Kekra-1: Exxon Mobil all set to pack up and leave

Pakistan was hopeful of finding large oil and gas reserves in its territorial waters in the Arabian Sea Hours after Prime Minister Imran Khan...

ExxonMobil set for comeback in Pakistan after nearly three decades: Report

Mr Sayyed in a letter sent to the BoI stated ExxonMobil has been assessing its re-entrance into Pakistan since quite a while and has been assiduously hunting energy-related opportunities for past few years

Energy ministry rejects claims of discovering oil reserves larger than Kuwait’s: sources 

ISLAMABAD: The Energy ministry has negated caretaker foreign minister’s tall claim of discovering huge oil reserves reportedly bigger than Kuwait's in Pakistan near the...

ECC forms special committee to resolve stalled K-Electric sale

With Abraaj teetering on the verge of bankruptcy, was Arif Naqvi's meeting with PM Imran Khan meant to extract a return favour for the investment made in PTI's election campaign of 2013, as alleged by his ex-wife Reham Khan

PSX saw three IPOs in 2017, five in pipeline for 2018

LAHORE: As the year end looms, Pakistan Stock Exchange has had its fair share of achievements and heartbreaks, but a Topline Security report has...

Pakistan’s largest refinery project contract awarded to TechnipFMC

The project will be managed and operated by a wholly-owned subsidiary, PARCO Coastal Refinery Limited (PCRL).

Petrol, diesel prices slashed by Rs2 for April 2018

ISLAMABAD: The government on Saturday announced a reduction in prices of petrol and diesel by Rs2.07 and Rs2.00 per litre, respectively, for the month...

Country’s oil import bill surges by 30.43pc to $12.928bn

KARACHI: Pakistan’s oil import bill rose nearly 30.43 per cent year-on-year to $12.928 billion in July-May 2017-18 owing to an increase in global prices...

Petrol prices up by Rs4.26, Diesel by Rs6.55

Accordingly, after the hike, petrol would be sold at Rs91.96 per litre, HSD at Rs105.31, SKO at Rs84.34 and LDO at 74.99. These prices would be effective from June 12 till June 30, 2018.

Qatar agrees to supply LNG to Pakistan on low rates: sources

'The new LNG supply agreements will help Pakistan save approximately $2.5bn in 10 years' ISLAMABAD: The government has convinced Qatar to supply 400 million cubic...

Chinese firm to complete Pakistan hydropower project by April 2021

BEIJING: Construction of the Karot Hydropower Project in Pakistan will be completed in two years it will start generating power by April 2021, China Daily...

What is the PTI’s energy game plan?

How having a former hydrocarbon company CEO as finance minister will shape the government’s approach to Pakistan’s biggest economic challenge

New chairman has straightforward plans for OGDCL

'The only way forward is to keep drilling new wells, keep experimenting' ISLAMABAD: Dr Qamar Javaid Sharif, the newly-appointed board chairman of the Oil and...

‘Mohmand Dam construction contract to CGGC-DESCON made on merit’

WAPDA chairman says int’l bidding for eligible firms was invited for procurement in accordance with PPRA and PEC provisions ISLAMABAD: Water and Power Development Authority...

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FBR issues notices to 3,950 non-filers in Lahore

LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their assets despite...

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Intel launches first artificial intelligence chip Springhill

JERUSALEM: Intel Corp on Tuesday launched its latest processor that will be its first using artificial intelligence (AI) and is designed for large computing...