Oil falls to a three-month low as US supply rises
Oil hovered around a three-month low on Monday as rising US stockpiles and drilling activity offset the optimism over Organization of the...
Hascol & Vitol collaborate to venture into LNG sector
Hascol Petroleum is exploring business opportunities in the LNG sector. This was notified in a notice sent to the Pakistan Stock Exchange...
Gas reserves discovered at Chhotu-1
A joint venture of Nim Block comprising of  Oil and Gas Development Company Limited (OGDCL) operating 95pc stake and Government Holding Pvt...
2nd int’l LPG conference scheduled for March 14
The Liquefied Petroleum Gas Distributors Association of Pakistan (LPGDAP) will hold the second international conference on March 14 in Lahore for the promotion...
Large scale RLNG users may pay higher rates
The government is considering restructuring the natural gas tariff to provide imported re-gasified liquefied natural gas (RLNG) to large domestic consumers at...
Brazil willing to assist Pakistan in renewable energy sector: envoy
Ambassador of Brazil Claudio Lins on Sunday said that Pakistan and Brazil have a huge potential to boost trade and business ties...
Shell Pakistan Limited posts record profit after tax of PKR 6.764b
The Board of Directors of Shell Pakistan Limited announced the financial results for the year ended December 31, 2016. The Company posted...
OGRA & OCAC favor testing of petroleum products by independent lab
The Oil Companies Advisory Council (OCAC), a body that is engaged with refining and marketing companies has sought permission of the Ministry...
Chinese companies to invest $35b in 19 power projects
Chinese companies will be investing $35 billion in 19 power projects which will generate 12,134 MW of electricity under the China-Pakistan Economic...
Hascol signs Aviation Operations and & Technical Services agreement with Vitol Aviation B.V
Hascol Petroleum has entered into a five-year aviation operations & technical services agreement with Vitol Aviation B.V Netherlands.This was notified through by...
Cost of electricity production up by 25% owing to rising oil prices
Despite government’s efforts of increasing electricity production in the country, the cost of electricity continues to increase. In January alone, the cost...
PSX sheds 500+ points as international oil price falls below $50/barrel
At about 3 p.m. local time, international crude oil prices fell below $50, reaching a low of $49.24/barrel, the lowest since December...
Hascol Petroleum to set up storage facility in Baluchistan
Hascol Petroleum Limited has announced in a notice sent to the Pakistan Stock Exchange (PSX) that it has entered into a 30-year...
NPLs fall in the last quarter of CY2016
Non-performing loans (NPLs) went down in the last quarter of the calendar year 2016 while small and medium enterprises (SMEs) continued to...
WAPDA signs contracts worth Rs 180 billion for Dasu Hydropower Project
The Water and Power Development Authority (WAPDA) on Wednesday signed two contracts worth Rs 180 billion with the China Gezhouba Group Company...