Shell profits soar to four-year high
The world’s second-largest listed oil and gas company saw its cash generation from operations rise by nearly 60 percent to $12.1 billion, as deep cost savings in recent years filtered through
FATA has attracted Rs3.5b investment from oil & gas companies in last one year
Oil and Gas Development Corporation Limited (OGDCL), Al-Haj Enterprises Pvt Ltd, BGP (Pakistan), Xian Senshe, Geofysika Krakow and MOL (Pakistan) have established base camps in different agencies in erstwhile FATA
France invited to utilise rich energy resources of Pakistan
ISLAMABAD: Power Minister Omar Ayub Khan said on Wednesday that Pakistan has emerged as an important energy market with tremendous opportunities available...
KE says will approach NEPRA for review of fine
KARACHI:Â Responding to the imposition on fine by National Electric Power Regulatory Authority (NEPRA), K-Electric has clarified in a statement that it was...
Pakistan says court lacks authority to impose $846m award over Karkey project
The tribunal initially ordered Pakistan to pay $501 million, however, due to nonpayment and accumulation of interest, the total has grown to nearly $846 million
UAE urged to explore Pakistan’s energy sector
ISLAMABAD:Â Planning, Development and Reform Minister Makhdum Khusro Bakhtiar has invited the UAE to benefit from the energy sector of Pakistan, which offered...
NEPRA imposes Rs2 million fine on K-Electric
NEPRA observes people were electrocuted due to K-Electric's poor maintenance of distribution networkÂ
ISLAMABAD:Â The National Electric Power Regulatory Authority (NEPRA) has imposed...
Oil prices rise for first time in three days, but trade war drags
Both crude benchmarks have fallen about $10 a barrel from four-year highs reached in the first week of October and are on track to post their worst monthly performance since July 2016
Govt rejects demand to extend manganese phase out plan for oil refineries
On Tuesday, the government called for the manganese phase-out plan to be implemented strictly and directed refineries to decrease its manganese content to 24 milligrams per litre of petrol within two days
OGDC suggests disputable candidates for managing director post
OGDC’s board has commenced the process for the appointment of new managing director and suggested names of officials who were working in its contracting entities
High oil prices hurt consumers, dent fuel demand: IEA chief
Major emerging Asian economies such as India and Indonesia have been hit hard this year by rising crude oil prices, which despite falls this month are up by around 15 percent since the start of 2018
Oil industry seeks deferment on manganese phase out plan for domestic refineries
The committee requested the government to suspend its order of May 24th, 2018 to decrease manganese content in petrol to 40 milligrams per litre by March 1st, 2019 rather by November 1st of this year
Rs143 billlion losses incurred by four power distribution companies
During FY17 and FY18, they posted a cumulative loss of Rs143 billion, out of which Rs75.6 loss was recorded in FY17 and Rs67.47 billion in FY18
Trump’s Iran sanctions resolve faces test from oil-thirsty China, India
With just days to go before renewed sanctions take effect Nov. 5, the reality is setting in: three of Iran’s top five customers – India, China, and Turkey - are resisting Washington’s call to end purchases outright
PSO profits decline 19% to Rs4,181m in 1st quarter FY19
PSO posted a gross profit of Rs10.91 billion in the first quarter of FY19, gross margins were recorded at 3.89% in the first quarter of FY19 against 3.55% in prior year