oil & gas sector

Planned acquisition is one of the world's leading oil companies' first entry into Pakistani fuels retail market

Petroleum Minister Omar Ayub cites absence of weighted average price as reason behind the hike

Halt to furnace oil supply via APL pipeline leads to revenue shortfall claims

Import rationalisation has nothing to do with petrol shortage in the month

PPL MD says initial estimates show gas volume is close to one trillion cubic feet

Anticipates gas shortfall in three provinces in coming years

Finance aide says PM Imran will announce second relief package in few weeks

Piled-up storage, uncertainty over China’s oil demand cloud recovery

Covid-19 pandemic, preceded by the Saudi-Russia oil price war, brought unprecedented challenges

Abdul Razzak Dawood says rate fixed at $6.5 per mmbtu for gas throughout

People are already facing high food inflation and need some reprieve, says Imran Khan

Heavy rainfall and flooding in Karachi affect refinery’s operations

Open hole testing carried out against Lockhart Formation

Rise comes on back of rupee depreciation, higher sales, surge in finance income

Petroleum Division proposes SSGC may consider resuming natural gas supply to JJVL

Apex court directs govt to take steps to begin work on the pipeline in six months

About 200 of 485 suspects in 113 cases at large

New product range brings Pakistan’s fuel on par with global standards

Increase in imports comes ahead of trade deal review

Action aimed at protecting environment from climate change, global warming

Posco offers lowest bid for LNG supply to Pakistan in late Sept

Improvement comes as furnace oil-based power plants resume operation

Sub-committee proposed oil pricing based on Platts average

Cabinet Division moves summary to form commission

Urge PTI govt to eliminate levy from local product or impose duty on imports

Industries ministry writes letter to SNGPL for gas supply at discounted rate

Regulator takes decision despite lacking quorum due to absence of chairman, a member

Imposes penalties totaling Rs64.57 million in FY19

Absence of permanent MD, high UFG losses, nepotism mar company’s performance

Government should draw right lessons from crisis, improve policy as well as process

Trouble comes as Ogra announces average prices for all consumer categories

Notifies increase for July following fluctuations in global prices

All Pakistan CNG Association lashes out at shutting stations

Industrialists meet government officials to discuss power woes

The Mela well 07 was drilled and tested using OGDC’s in-house expertise

Cabinet gives ex-post facto approval for increase in prices from June 26

Lahore High Court suggested formation of parliamentarians’ committee to probe the issue

Price ceiling may be determined by OGRA more frequently, like weekly or even daily

Says cut in taxes will create monopoly of imported gas

US West Texas Intermediate (WTI) crude futures lost 18 cents to $39.64 a barrel

Claims industry has faced Rs1.8b loss in a single day

Finds three companies involved in creating artificial fuel shortage

Demand govt to withdraw decision which will increase cost of doing business

Changes oil price revision formula without approval from relevant forum

Court reserves verdict on petition filed by oil company

Lahore needs three million litres of fuel supply per day

Writes letter to petroleum secretary, requesting meeting to resolve issue

Invites expressions of interest from parties intending to secure operational services

Economic affairs ministry puts utilisation at only $768m during July-April FY20

Italian firm faces dip in profit margins due to volatile oil prices since Covid outbreak