No big companies expected to exit LNG projects
ABU DHABI: Pakistan does not anticipate any more major companies will pull out of the liquefied natural gas (LNG) projects after the...
Oil trading remains restrained amidst tension in Middle East
SINGAPORE: Oil trading was cautious on Monday amid ongoing tensions in the Middle East and after a rising rig count in the...
US oil exports to Asia keep increasing, creating problems for OPEC
LAUNCESTON, Australia: U.S. crude oil is flooding into Asia, and may continue to do so as the arbitrage window that was initially...
Matiari-Lahore transmission line hits snags, as Chinese firm slows down work
LAHORE: The $2b Matiari-Lahore high-voltage direct current (HVDC) 660kV transmission line is facing numerous delays, as the Chinese company contracted to execute...
Riyadh to support TAPI gas pipeline project
ASHGABAT: Saudi Arabia has expressed support for the Ashgabat-initiated project on construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) transnational gas pipeline.
This was announced at...
OGRA raises freight fares as oil tankers association threatens strike
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Saturday raised the freight fares for oil tankers by 64 per cent after...
LNG to be supplied to company’s franchise areas soon: SSGC
KARACHI: SSGC Acting MD Amin Rajput has said that LNG is the fuel of the future and its availability is indispensable to...
Pakistan fights back against $800mn damages in rental power vessel case
LAHORE: Pakistan has applied to annul an order of the International Centre for Settlement of Investment Disputes (ICSID) directing it to pay...
Govt releases Rs2.19bn for petroleum sector in four months
ISLAMABAD: The government has released Rs 2.198 billion for the Petroleum and Natural Resources Division under the Public Sector Development Programme (PSDP...
Kapco shelves plan to acquire 17.37pc stake in Hubco
LAHORE: A bourse notification from Kot Addu Power Company (KAPCO) disclosed it postponed plans to acquire 17.37pc stake in Hub Power Company...
Oil prices stand firm, as experts predict volatility ahead
SINGAPORE: Oil markets were little changed on Friday, supported by ongoing supply cuts and strong demand which have resulted in a tightening...
Asian stock markets down, following declines on Wall Street
HONG KONG: Asian shares sank Friday, following declines on Wall Street after a proposed delay to U.S. tax cut plan dented investor...
Pakistan-Malaysia sign IGA for LNG supply
ISLAMABAD: Pakistan on Thursday signed an Inter-Governmental Agreement (IGA) with Malaysia for provision of LNG supply at a ceremony held at Prime...
Govt imposes Rs 4,669 per ton levy on locally-produced LPG
ISLAMABAD: Apparently to benefit the importers at the cost of people using LPG as fuel, the government has notified imposition of petroleum...
Bifurcation of MEPCO, LESCO and PESCO after decisions by respective BODs: Awais LaghariÂ
ISLAMABAD: Power Division Federal Minister Sardar Awais Ahmed Khan Laghari has directed that bifurcation of MEPCO, LESCO and PESCO must be decided by the...