PPL begins gas production from Pateji X-1 in Shah Bandar Block
Gas will be injected into SSGCL network, with production potential of up to 10 MMscfd
OGDCL to begin production in Abu Dhabi’s Offshore block by 2027
CEO announces diversification into minerals, including lithium and Barrick Gold partnership
Global oil price drop may result in Rs12 reduction in petrol rate in Pakistan
Final decision depends on govt’s ability to balance fiscal requirements
Mari Energies announces fourth hydrocarbon discovery in Waziristan Block
New discovery in Lockhart Formation yields gas production of 70.3 MMSCFD and condensate output of 310 barrels per dayÂ
Petroleum sales surge 5% in March due to Ramazan and Eid
Intercity travel, coupled with general increased consumption led to volumetric increase in sales for fuel retailers
OPEC+ presses for output compliance amid price crash
Ministers push laggards to cut excess production as surprise supply hike sinks oil to 2021 lows
Rs1.34 trillion loan negotiations with banks in final stages, says energy ministerÂ
Awais Leghari confirms that once term sheets are submitted by banks, agreements will be finalised to reduce circular debt by Rs300-335 billion
Nepra approves Rs 1.9/unit quarterly adjustment; Rs 3.02/unit FCA refund for KE consumers
Negative quarterly adjustment will apply to all Discos and KE consumers for three months, while KE consumers will get Rs 2.93 billion refunds in their April 2025 bills
Has Pakistan found a plan to turn its power liabilities into strategic assets?
Pakistan plans to use its excess electricity production for establishing Pakistan as a hub of blockchain technology but is it a viable solution?
Govt requests Nepra to lower electricity prices by Rs1.71 per unit
Tariff reduction proposed from April to June 2025 as part of efforts to ease power costs amid IMF review constraints
IMF allows Rs1 per unit electricity price cut in exchange for off-grid gas levy
Fund gives approval for electricity relief, but industries face higher gas charges; court suspends levy
Govt projects Rs 3.5 trillion in savings from revised contracts with 29 IPPs, GPPs
Savings will occur over three to 20 years, expected to reduce circular debt from Rs 2.4 trillion to Rs 400-450 billion; tariff adjustments pending Nepra approval
Mari Energies begins production from Shewa discovery in Waziristan Block
Company starts gas and condensate production at 26 MMSCFD and 244 BBLs/D from Shewa
Govt limits net metering contract to five years, revises buyback rate: report
Nepra to revise buyback rate periodically, new net metering consumers to follow updated inverter standards
Power companies worth less than the cash on their balance sheet
The recent cancellation of CPPA-G related contracts have spooked the markets to future prospects, leading investors to think that the worst is not yet over for these companies