Ignoring shortage of gas, govt gives go-ahead for 235 new gas supply schemes
ISLAMABAD: Despite prevailing gas shortage across the country, the ruling PML-N government has decided to grant approval to 235 new gas supply...
Oil prices rise on reported fall in US inventories
SINGAPORE: Oil prices rose on Thursday on a reported decline in U.S. crude inventories, and as rebels in Nigeria threatened to attack...
Nepra discards review motions filed against CPPs upfront tariff
ISLAMABAD: Review motions filed against upfront tariff for gas-fired Captive Power Plants (CPPs) has been discarded by National Electric Power Regulatory Authority...
PPIB pondering slapping fines on delayed execution of Thar coal power projects
ISLAMABAD: A board meeting of Private Power and Infrastructure Board (PPIB) held on Wednesday is pondering to slap liquidated damages on delayed...
Industries of Sindh, Baluchistan to be provided RLNG soon: SSGC Chairman
KARACHI: The industries of Sindh and Balochistan would soon be provided with RNLG, said Chairman SSGC Lt. Gen.(rtd) Javed Ashraf on Wednesday.
This...
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...