Saudi’s Aramco world’s most profitable oil company: Report
LONDON: Saudi Aramco is the world’s most profitable oil company, Bloomberg reported on Friday, but its huge earnings and cash flows may...
Cost effective gas supply ensured for all consumers : PM
ISLAMABAD: Prime Minister Shahid Khaqan Abbassi has said that the government has ensured cost-effective and efficient supply of gas to all the...
Polish company to drill 14 exploration wells for hydrocarbon reserves
Islamabad: A Polish oil and gas company, PGNiG, would drill 14 exploration wells in hydrocarbon potential areas during the current year.
"The company...
WAPDA prepares to upgrade Dargai hydropower project
ISLAMABAD: Water and Power Development Authority prepared a scheme for rehabilitation and up-gradation of Dargai hydropower project at an estimated cost of...
Existing LNG terminals established without conducting study on safety hazards: Report
The ECC was informed that the terminals were established on the main PQA channel in violation of the authority’s recommendation, which contributed to congestion on all anchorages
Multi-year tariff structure would be financially constraining says: K-Electric
Karachi: On the second day of the scheduled hearing by National Electric Power Regulatory Authority (Nepra) into K-Electric’s (KE) review motion, the...
Oil prices could rise further this year, but 2024 demand to slow sharply: IEA
OPEC+ supply cuts could erode oil inventories in the rest of this year, potentially driving prices even higher, before economic headwinds limit...
High energy prices burn steel industry
Energy tariff increases to trigger significant steel price hike
Pakistan seeks price reduction in gas tariff of TAPI pipeline
ISLAMABAD: The government is seeking reduction in gas prices from Turkmenistan by linking it with Brent Crude Oil rates under a revised...
OGRA finally determines RLNG prices for Aug-Nov 2020
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has finally determined weighted average sale prices of re-gasified liquefied natural gas (RLNG) for...
IFC to fund construction of Sindh’s largest wind farm
The International Finance Corporation (IFC) has decided to provide funds of $66m and muster a further amount of $172m to help in...
SSGC intensifies effort to control natural gas theft
KARACHI
Spurred on by the Gas Theft Control and Recovery Act 2016, passed by the current National Assembly, SSGC has intensified its efforts...
Domestic oil production rises by 3pc
Karachi: A research study from Topline Securities on Monday revealed that Pakistan’s oil production had recorded a 3pc increase during 2016-17 rising...
Circular debt in power sector threatening entire financial system: Report
Circular debt in power sector has crossed the Rs1 trillion mark
Court extends suspect’s remand in Karkey rental power case
An accountability court on Thursday extended the physical remand of a major suspect, Laeeq Ahmed Sheikh, until May 20th in the Karkey...