Sinopec may be awarded oil and LNG supply contract
Islamabad: Sinopec, one of China’s largest energy conglomerate could be assigned multi-billion-dollar oil import and LNG supply contracts on a government-to-government approval...
New load-shedding schedule for industrial sector unacceptable: FPCCI
ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday said the new schedule of ten-hour load shedding for...
CPPA recommends Rs1.52 per unit hike in power tariff
ISLAMABAD: The Central Power Purchasing Agency (CPPA) has recommended the National Electric Power Regulatory Authority (NEPRA) to approve a Rs1.52 per unit...
Chinese Consul General inaugurates LPG terminal in Gwadar
QUETTA:Â Chinese Consul General in Karachi Li Bijiann inaugurated the first liquefied petroleum gas (LPG) Terminal in the port city of Gwadar the...
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...
Shell’s LNG outlook 2024 predicts 50% surge in global demand by 2040
Shell's LNG Outlook 2024 anticipates a remarkable 50% increase in global liquefied natural gas (LNG) demand by 2040. The forecast is driven...
MENA Energy issues clarification on its dispute with Hascol Petroleum
MENA Energy DMCC (MENA), headquartered in Dubai, UAE, has responded to its position on the oil trading dispute between it and Hascol...
Oil prices slip, as US crude output rises
SINGAPORE: Oil prices fell on Monday, pulled down as the latest rise in the U.S. rig count pointed to a further increase...
Is the mini-budget a ruse?
Measures announced in the mini-budget, the confusing stance regarding approaching the IMF could weigh heavily on the government's ability to tackle the issues threatening the economy
Oil prices edge up, but set for weekly loss on stock build, trade row
For the week, U.S. crude was down 3.5 percent, while Brent was 1.1 percent lower, putting both on track for a second consecutive weekly decline
Asia puts brave face on Trump threat, oil subdued
MSCI’s broadest index of Asia-Pacific shares outside Japan dithered either side of flat and was last up 0.2 percent
United Energy to buy Kuwait Energy for $651m
Founded in 1992, United Energy acquired BP’s assets in Pakistan in 2011 for $775 million and has since invested heavily in that country,
AEDB, stakeholders discuss bidding process for wind projects
ISLAMABAD: A consultative workshop was organised by the Alternative Energy Development Board (AEDB) to discuss with the public and private sector stakeholders...
Lack of LNG import causes Rs12bn loss to Pakistan in six months
Sources say influential furnace oil lobby has been holding sway over the entire power division
Oil, gas exploration increases by 80pc in four years
ISLAMABAD:Â Pakistan witnessed an increase of around 80 per cent in oil and gas exploration activities in different potential areas during the last...