Oil and Gas Development Company Limited (OGDC), Pakistan’s largest exploration and production company, has signed a contract with Baker Hughes, a leading US energy technology company, to deploy Mature Assets…
Pakistan State Oil (PSO), the nation’s largest energy company, today welcomed the Federal Minister for Petroleum, Mr. Ali Pervaiz Malik, to its Head Office for high-level strategic and operational deliberations.…
Attock Petroleum Limited (APL) posted FY26 earnings of PKR 16.9bn (EPS: PKR 136.31), up 63% YoY, driven largely by higher fuel prices and stronger sales volumes/values through the year. However,…
Wafi Energy Pakistan reported its H1 2026 results, showing a profit after tax of PKR 1,523 million, up from PKR 1,260 million last year, despite a second-quarter loss of PKR…
Pakistan Petroleum Limited (PPL), the operator of the Sirani Exploration License with a 75% Working Interest (WI), alongside its Joint Venture Partner, Government Holdings (Private) Limited (GHPL) with 25% WI,…
The Pakistan Petroleum Dealers Association (PPDA) and Pakistan State Oil (PSO) held a meeting to address various issues impacting the petroleum retail sector. Attendees included PPDA Chairman Malik Khuda Bakhsh…
MARI Energies Ltd. (MARI) reported 4QFY26 NPAT of PKR37.2bn (EPS: PKR30.95), up nearly double YoY and 78% QoQ. Reported earnings significantly exceeded our expectation of PKR13.41/sh, primarily driven by a…
Wafi Energy Pakistan Limited inaugurated a 7.4 million-litre motor gasoline storage tank at its Tarru Jabba terminal in Nowshera, Khyber Pakhtunkhwa. This newly constructed facility expands Pakistan’s fuel storage infrastructure…
IMS Research has released a report on Pakistan OMC's sales during July 2026. Pakistan's OMC sales rebounded sharply in July, increasing 23% YoY and 20% MoM to reach 1.51mn MT.…
Oil & Gas Development Company Limited (OGDC) has signed a contract with Canada's Synergetic Oil Tools Inc. to deploy advanced Passive Energy Tool technology aimed at enhancing production from Pakistan's…
· PM’s CCoE approved amendments to the Pakistan Oil Refining Policy 2023 (Brownfield Policy) on July 28th, directing its swift implementation. · The latest amendments extend the fiscal incentive window from 6…
Hyderabad Chamber of Small Traders and Small Industry President Muhammad Saleem Memon has expressed deep concern and disappointment over yet another increase in petroleum prices. He stated that repeated hikes in…
Expressing serious reservations over the government's decision to introduce daily pricing of petroleum products, SITE Association of Industry President Abdul Rehman Fudda has urged Prime Minister Shehbaz Sharif to immediately…
President Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial Alliance, Chairman National Business Group Pakistan, Chairman FPCCI Policy Advisory Board and Former Provincial Minister Mian Zahid Hussain has said…
In a decisive midnight operation, Pakistan State Oil (PSO), in close coordination with Law Enforcement Agencies (LEAs), successfully intercepted an organized oil theft syndicate operating on the Sihala–ARL pipeline on…
Oil and Gas Development Company Limited (OGDC) has announced a landmark breakthrough with the confirmation of lithium in formation water at concentrations comparable to higher-tier lithium-bearing geothermal brines reported internationally,…
Sui Southern Gas Company (SSGC) is intensifying its efforts to combat gas theft in Sindh and Balochistan. During a recent crackdown in Karachi, SSGC teams conducted multiple raids and uncovered…
AL Habib Capital Markets Pvt Ltd has re-initiated coverage on Pakistan State Oil (PSO) with a BUY rating and a target price of PKR 447/share by June 2027, implying a…
AHL Research Ltd has published a promising outlook on Sitara Petroleum Service Ltd (SPSL), highlighting the company’s transition into its next growth phase. The report underscores SPSL’s plan to expand…
Pakistan's petroleum sales declined in June 2026, with volumes reaching 1.26 million tons, a 20% year-over-year (YoY) decline. However, on a month-over-month (MoM) basis, sales by oil marketing companies (OMCs)…
Oil & Gas Development Company Limited (OGDC) has announced an oil discovery from its development well, Chak 63-05, located in the Chak 63 Development & Production lease, District Sanghar, Sindh,…
Oil & Gas Development Company Limited (OGDC), Pakistan's leading exploration and production company, has successfully commenced oil production from its Bobi Deep-1 well in Bobi and Dhamraki Mining Lease located…
Pursuant to our discovery note dated June 3rd, OGDC has announced the commencement of commercial production from the Bobi Deep-1 well in the Bobi and Dhamraki Mining Lease, Sindh, with OGDC…
Oil and Gas Development Company Limited (OGDC) on Tuesday announced the successful commencement of gas production from the Sahito-1 discovery well in the Lower Goru Formation (Massive Sand) within the…
Patron-in-Chief of United Business Group (UBG), SM Tanveer, and President Zubair Tufail have welcomed Prime Minister Shehbaz Sharif’s announcement of a significant reduction in petroleum product prices, describing it as…
