oil

Oil tankers’ association has put forward its list of demands; since 2009, OGRA looking to implement safety measures

NF Hor -1 is one of the deepest and longest horizontal wells in the tight gas reservoir drilled in Pakistan

Chinese investors were presented with pre-feasibility studies conducted by KPOGCL

Development comes after their failure to start exploration and production activities

Petroleum ministry says summary has been sent to relevant quarters

Petroleum minister says 5.2tr cubic feet of gas added during PML-N’s tenure

Says oil will still be needed for ships, planes and trucks

In an effort to resolve the tanker-parking problem a new tanker terminal has been built

It emerges that the ill-fated tanker did not meet the safety standards of the company that owned and operated it

Low prices and growing aggregate demand cause surge

The sources said over Rs836 billion investments had poured in E&P sector of the country

The government has started extensive oil and gas exploration activities

The two sides are trying to reach an out-of-court settlement

New oil, gas reserves found from Aqeeq-1 well in Sujawal district

At present, oil companies are bound to keep stocks for 20 days only

he governor also directed concerned officials to resolve issues of low pressure gas in Ramazan

MOL Pakistan - an oil and gas exploration company - has already commenced Gravity Survey

Sales of diesel surge 25% whereas furnace oil demand increases 17%

Oil demand will continue to grow till 2035 and supply will catch up

Plea comes in backdrop of billions stuck in energy supply chain

Its receivables from clients touch all-time high at Rs281b

Says it is a national security threat and should be addressed immediately

Minister claims Rs6-8b worth of gas is stolen annually in Karak

Heavy taxes have severely hit transport and agriculture sectors

Will mean world's top oil exporter may not need to push output to record high

Sold the company after plunge in crude oil prices

The visting US defence secretary tries to soothe allies rattled by Trump’s remarks during presidential campaign

Saudi Arabia and its allies in the Gulf Cooperation Council (GCC) account for the majority of production cuts

PSO cannot import more oil as power producers delay payments to it

OPEC agrees on oil supply cut for first time since 2008

The Taliban have been behind much of the violence over the last 15 years that has frightened off investors

"For us to freeze production is no effort at all," Putin said

It would be the first deal since 2008 to limit oil output

But India's oil imports from Iran have shot up this year after those sanctions were lifted in January

Oil companies set to replace outdated petroleum products with higher quality fuels

Seven smugglers arrested in maritime raid on Oct 22

Insists it will attract investment and ease energy shortages

Churns out 48,767 barrels per day, eclipsing the earlier peak achieved in 2008

Energy agency says relief will come if OPEC producers cut output

This comes after Saudi last month agreed to a surprise output cut of oil cartel OPEC, the first in eight years

Vitol is the largest independent energy trader in the world

Leaders from OPEC countries to be present at the 120-nation bloc’s meeting in Algeria

Trump argued Iraqi oil proceeds allowed IS to sustain itself

The Niger Delta Avengers (NDA) militant group has claimed a string of devastating attacks on oil pipelines

OGRA approaches court for vacation of previous status quo maintenance order on new rules

However, this has not brought any respite from load-shedding

No major discoveries were made to offset the depleting deposits

Four fresh reserves were found in Sindh and two in K-P

Benchmark KSE-100 index inches up 11.75 points.

US benchmark West Texas Intermediate for June delivery rose $1.51 to $47.72 a barrel