Govt releases Rs50b to curtail power outages
 In light of rising power outages, the government on Friday released Rs50b to control the power shortfall that has reached 4700 megawatts....
SNGPL aims at clearing backlog of gas connection applications by next year
ISLAMABAD
Sui Northern Gas Company Limited (SNGPL) is confident to clear backlog of gas connection applications during the next fiscal year, official sources...
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...
Shell posts profits of Rs942.28m for April-June 2017
Karachi: In a notification sent to the bourse on Wednesday, Shell Pakistan announced its earnings for the quarter ended April-June 2017.
Shell Pakistan...
Balochistan govt considering out of court settlement proposal for Reko Diq
Islamabad: An out of court settlement for the Reko Diq copper and gold mining project has been proposed to the Balochistan government...
Prime minister hails Mari Petroleum
ISLAMABAD: Prime Minister Shahid Khakan Abbasi during his visit at the closing session of Annual Technical Conference (ATC) and Oil Show 2017...
Oil prices drop, remain close to their highest since mid-2015
TOKYO: Oil fell on Monday after U.S. shale drillers added more rigs last week, but prices still held close to their highest...
WAPDA chairman discusses financing for WAPDA projects with French ambassador
LAHORE:Â The Pakistan Water and Power Development Authority (WAPDA) Chairman Lieutenant General (retd) Muzammil Hussain today called on the French Ambassador to Pakistan...
Rs7 billion investment expected from OMCs for establishment of storage infrastructure
KARACHI: An estimated Rs7 billion investment is expected over the next three years from upcoming oil marketing companies (OMCs) for establishment of...
Asia’s LNG market experiencing shakeup as new countries start importing
LAHORE: Asia's LNG market that had long been dominated by Japan and South Korea is undergoing a transformation as Pakistan and Thailand have...
Rs14.8 billion diverted from RLNG-II project to supply gas to underserved areas
ISLAMABAD: Over Rs14.8 billion funds reserved for the building of RLNG distribution network have been diverted for projects to ensure gas supply...
Turkmenistan seeks South Asian markets after power plant boost
Central Asian states are jockeying to supply electricity to potentially promising markets in Afghanistan and Pakistan
Energy sector reforms imperative for economic sustainability: Sarwar
--Minister says existing oil refineries will have to reconfigure themselves in order to reduce the production of furnace oil
--says prices offered to...
Danish envoy pledges support to renewable energy projects in Pakistan
Ambassador of Denmark to Pakistan Rolf Holmboe called on Special Assistant to Prime Minister on Petroleum Nadeem Babar on Tuesday to discuss...
Trump blames oil fight, ‘Fake News’ for stock market drop
WASHINGTON: US President Donald Trump blamed a fight for oil market share between Saudi Arabia and Russia, as well as unspecified “Fake...