Oil and gas

The reserves are seen as a step forward in addressing energy challenges

Ankara has exclusive rights to explore and produce hydrocarbons in three offshore blocks in Somalia

DGPC’s policy deviations, inefficiencies lead to significant losses to national coffers

Company makes significant progress in seismic, drilling efforts

Have potential to raise production from existing fields by embracing modern technology

Calling the energy crisis in Pakistan the mother of all crises is not an exaggeration

Oil, gas producing company in financial trouble as major customers default

Say inflows into LPG plants may stop due to tax relief on imports

OGRA to hold hearing this month; any increase will push inflation up

Company says findings are a result of aggressive exploration strategy

Secretary says if LNG is taken out of system, energy crisis will emerge again

Benefit passed on to end-consumers on account of fuel cost adjustment

On the supply side, deadly anti-government unrest has gripped Iraq, the second-largest producer among the OPEC

Cites fiscal constraints being faced by govt, IMF loan terms

Faraz says dept not accepting its mistake as no one was ready to take responsibility

Reduced output at refineries will lead to lower demand for supplies from fields

OGDC will undertake pilot project keeping in view environmental standards

Privatisation Commission suggests either privatise power plants as one unit or sell them separately

Govt seems to be active and on the right track in the energy sector

PTI govt writes off half of liabilities of industrialists, late payment surcharge

Has initiated process for acquiring relevant seismic data

It comes mainly due to setting up of new CPEC power plants

In short term, oil prices may get a further boost from US-Iran standoff

Discovery will help increase energy supply, reduce energy crisis in the country

CM’s adviser on power and energy says govt needs investors

US energy giant also eyeing investment in Pakistan’s LNG sector

PPL starts search for hydrocarbon reserves in Iraq

Riyadh doesn’t want OGRA, HDIP testing POL products imported under deferred payment pact

Decides to offer better prices to companies operating in risky areas of Balochistan, K-P

GO Chief Operating Officer Zeeshan Tayyeb welcomed the guests and reiterated the GO’s vision and future plans

Should also plug leakages, reduce T&D losses to heal the ailing sector

The firms are interested in participating in upcoming bidding for new blocks

Well test in Sujawal district shows flow of 9.05 mmcfd

Measure is aimed at ensuring transparency in appointment process

Some have set no age limit; work experience condition also varies

Last round of bidding was held by PPP government in 2013

Analysts say development will have insignificant impact on earnings

Asks why other countries were ignored; former PML-N govt may land in trouble

MoU signed between the petroleum and oil & gas companies

Some 300 people were injured as reports of 'extensive' damage to infrastructure emerge

Move comes after K-P, Sindh accused Punjab of consuming their gas

OGRA rules out link between proposed tariff regime and price movements

Company representative offers reduction in fuel marking price in exchange for the extension

Government aims to address needs of skilled workforce in the sector

With new discovery, company’s production is likely to go up by 25%

'It is also a positive indicator of the improved security situation in K-P'

Back govt’s move to unbundle gas utilities, but express demand to have shareholding

Oil company seeks to benefit from shift away from fossil fuels

In outgoing year, receipts are 7% lower than the Rs394.8b target

Sources blame DGPC for ‘hindering’ exploration activities