Oracle Power completes acquisition of Sindh Carbon Energy
LONDON: Oracle Power PLC saw its shares jump on news it is to take full ownership of the company that owns the mining...
PM for early completion of Pakistan-Turkmenistan energy projects
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi, on Monday, reiterated Pakistan’s interest in the early completion of energy projects with Turkmenistan and appreciated the...
China to help Pakistan promote wind energy
BEIJING: Two leading Chinese companies have decided to explore new wind power opportunities in Pakistan.
According to Chinese officials here, Boston-headquartered General Electric Company...
GIDC bill revised, govt to recover arrears from CNG sector in instalments
ISLAMABAD: In a recently held meeting of the Federal Cabinet, Prime Minister Shahid Khaqan Abbasi directed to revise Gas Infrastructure Development Bill...
Oil prices hold firm, tad below December 2014 highs
SINGAPORE: Oil prices held just below December 2014 highs on Monday, supported by ongoing output cuts led by OPEC and Russia despite...
Explore public-private partnership for RLNG-III project: ECC
ISLAMABAD: The petroleum division has been asked by Economic Coordination Committee (ECC) for financing Rs175 billion RLNG-III pipeline via public-private partnership.
The pipeline...
PIBTL to setup LPG handling facilities at existing terminal site
LAHORE: Â A bourse notification filed by Pakistan International Bulk Terminal Limited (PIBTL) Thursday revealed it has been granted permission by Port Qasim...
Profit margins for oil refiners in Asia dip, as oil prices touch $70 per barrel
SINGAPORE: Oil prices have risen above $70 per barrel for the first time since 2014 as investors bet supply cuts led by...
Oil prices ease from three-year highs
SINGAPORE: Oil prices eased on Friday after hitting their highest levels since December 2014 the previous day.
Despite the dip, analysts said market...
Govt to sign state-to-state deals for LNG supplies
LAHORE: The incumbent government has decided to sign state-to-state supply deals with energy-rich countries for procurement of cheaper LNG supplies.
This decision comes...
OGDCL injects five new oil, gas wells in production gathering system
ISLAMABAD: Oil and Gas Development Company (OGDCL) has injected five new oil and gas wells, producing 4,133 barrels crude oil and 891...
National Electricity Plan, New Energy Policy being finalised to determine electricity demand, supply: Leghari
ISLAMABAD: Power Minister Sardar Awais Ahmed Khan Leghari Thursday said that the National Electricity Plan and new Energy Policy was being finalised...
Consumers to bear brunt of OGRA’s decision of dismantling the Enforcement Department
ISLAMABAD: Consumers - the weakest stakeholders of the petroleum industry - are going to bear the brunt of OGRA’s decision of dismantling...
Oil and gas reservoirs: FATA has enough reservoirs to attain self-sufficiency within few years
By HAMID KHAN WAZIR
ISLAMABAD: In what appears to be a significant development, the long-deprived and the war-weary Federally Administered Tribal Areas (FATA) has...
Companies to be invited for submitting tenders for white oil pipeline
ISLAMABAD: Inter-State Gas Systems (ISGS) is set to invite companies for submitting tenders for Sheikhpura-Peshawar white oil pipeline.
This pipeline has been envisaged...