OGDC

Explores closed wells and tight gas amid LNG affordability concerns

Sign agreements with govt for eight exploration blocks

Earnings propelled higher by robust sales, other income

Finds reserves in Chak 214-1 well in Rahim Yar Khan

Plunge in other income drives the drop in earnings

OGDCL announced the discovery of gas and condensate in its exploratory well Sail-I in Hyderabad district of Sindh

Profit goes down on back of hefty decline in international oil prices

Ministry insists board will be free of political appointees, representatives of service companies

Well test shows flow of 1.6m cubic feet of gas per day

Open hole testing carried out against Lockhart Formation

Benchmark index falls 246.96 points to settle at 39,621.59

Crude price slump may be a reason as company cannot bear high drilling cost

It will offer one-tenth shares to international firm having expertise in sector

Petroleum Division calls for stopping process due to fall in company’s share price

Board chairman accused of spending millions on meetings, travel expenses

Islamabad, Moscow discuss joint projects for developing oil, gas fields

Company spokesperson argues people with required experience, qualification have been hired

Rise comes mainly due to rupee depreciation

Spokesperson defends directors, saying they are entitled to meeting fee, reimbursement of expenses

Earnings rise due to higher global oil and gas prices, rupee fall

The well was drilled and tested using OGDC’s in-house expertise in consultation with Kohat joint ventures

Picks candidates from old list prepared by previous board of directors

Spokesperson says appointment is being made in line with rules

Test shows 9.12mmcfd of gas and 520 bpd of oil

Aims to raise oil and gas production, lessen reliance on imports

Increase comes on back of robust sales, surge in other income

Transmission, distribution losses increase to 11.12%

Oil, gas exploration firm earns Rs56.75b in Jul-Dec 2018

Proposed officials are service providers, while criteria is to select from E&P sector

Profit stands at Rs27.73b in Jul-Sept 2018 against Rs17b in same quarter last year

First discovery of crude oil, gas from Hangu Formation in Chanda oil field

Analysts say development will have insignificant impact on earnings

Seeks details of unspent CSR funds in the entire country

Company official defends hiring, saying all appointments have been made on merit

Both OGDC and Kufpec will cooperate and collaborate in upcoming domestic and international opportunities

Selling in banking and oil stocks leads decline

Centre should allow provinces to award petroleum concession agreements.

Around 50 cases the special investigation unit was working on will be transferred to zonal officers

Earnings rise 16%, company declares Rs1.75 per share dividend

Agreement reached for annual supply of 25 to 30 million litres of high speed diesel

Discovery made near Tando Allah Yar South West 1

Increased earnings attributed to enhanced crude oil production and surging global oil prices

Company says discovery in Bhambhra-1 will open new avenues

Test shows flow of 15.1 mmscfd of gas, 20 bpd of condensate

Squeeze on cash flow puts exploration activities in jeopardy

Net sales rise 25% to Rs45.54b from Rs36.52b

Stood at an average 96,553 barrels per day

Accused stole diesel worth Rs328m from OGDC’s oil complex

Company declares Rs1 per share as interim cash dividend

Govt is offering its 18.39% stake in MPCL to joint-venture partners