Petroleum prices may skyrocket to three-year highs
ISLAMABAD: Oil prices of various POL products are set to rally to their highest point since November 2014, with diesel expected to...
OPEC sees oil markets tighten further even as US shale booms
LONDON: The global oil stocks surplus is close to evaporating, OPEC said on Thursday, citing healthy energy demand and its own supply...
Gasport, FBR locked in dispute over Rs1.5 billion custom duty payment
ISLAMABAD: The second LNG gas terminal which has been a bone of contention and controversy since its inauguration last month is now...
Rs147mn to be spent on up-gradation of HDIP labs
ISLAMABAD:Â Hydrocarbon Development Institute of Pakistan (HDIP) would execute two projects worth Rs147.960 million fort up-gradation of its testing laboratories in different cities...
With Qatar in forefront, new wave of mega LNG projects gains momentum
LONDON: A new race to build multi-billion dollar liquefied natural gas (LNG) plants is gaining momentum after a long hiatus in investments...
Oil prices rise, but still set for weekly fall amid equities rout
OPEC cut its forecast of global demand growth for oil next year for a third straight month, citing headwinds facing the broader economy from trade disputes and volatile emerging markets
Macron pledges 700 million euros for new solar projects in developing countries
NEW DELHI: French President Emmanuel Macron on Sunday pledged hundreds of millions of dollars for solar projects in developing countries, as world...
KP gives nod to center’s proposal for forming upstream regulator
ISLAMABAD: Khyber-Pakhtunkhwa (KP) has given its nod to the center’s proposal for an upstream regulator that would overlook matters linked to oil...
‘Pakistan to highlight energy-related opportunities in Japan conference’
ISLAMABAD:Â Pakistan would highlight the investment opportunities in its energy sector during the upcoming conference in Japan, scheduled to be held from Sept...
IP gas pipeline implementation to be reviewed in next financial year 2018-19
The 56-inch pipeline would start from the onshore gas processing facility at Assaluyeh in Iran to transverse a distance of 1,150km up to the Iran-Pakistan border
Tainted officer gets appointed to post of director general HDIP
ISLAMABAD: Controversial appointments seem to be a forte of the present government as it appointed a tainted officer, Muhammad Azam to the...
PSO makes payment for its short-term borrowings
Karachi: State owned oil giant, Pakistan State Oil (PSO) on Monday said it had disbursed payments for its short-term borrowings on account...
Pakistan involved in various projects to meet energy needs
TAPI project will cost an estimated $7-9 billion and will transfer 90 million cubic metres of gas per day to these countries
Power theft cost amounting to Rs 82b may be recovered from consumers
In order to control the losses of power distribution companies, the government has taken the decision to recover the entire cost of...
HDIP to upgrade hydrocarbon testing labs at a cost of Rs270m
Rs100 million would be utilized for expansion and up-gradation of Pakistan Petroleum Core house (PETCORE) for its sustainable operations to facilitate oil and gas exploration research in Pakistan