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…
Oil and Gas Development Company Limited (OGDC) has completed the acquisition of an additional 7.99% Working Interest in the Qadirpur Development and Production Lease (D&PL) through a Farm-in Agreement with…
Pakistan’s exploration and production (E&P) sector posted steady gains in recoverable reserves, according to the latest update by the Petroleum Policy & Information Service (PPIS). Total recoverable oil reserves rose…
Malik Khuda Bakhsh, Convener of the Standing Committee on Energy of the FPCCI, warned that gas leakages pose serious risks to lives and property. He highlighted the importance of safety…
Overall refinery upliftment declined 7.0% YoY in May’26, primarily due to a significant reduction in HSD and FO offtake. HSD uplift fell 19.1% YoY to 409k tons, likely reflecting lower…
Oil & Gas Development Company Limited (OGDC) has announced an oil discovery from its exploratory well, Bobi Deep-1, located in the Bobi and Dhamraki Mining Lease, District Sanghar, Sindh, with…
Pakistan's OMC volumes fell sharply by 23% YoY and 14% MoM to around 1.2 million MT, with HSD down 32% YoY due to high prices and reduced demand during Eid.…
Oil and Gas Development Company Limited (OGDC), Pakistan’s largest exploration and production company, has secured eight offshore exploration blocks under the Offshore Bid Round 2025, marking a major expansion of…
Topline Pakistan Research has updated its earnings estimates for the oil and gas exploration sector, raising projections for FY27-FY28 by 18-34% due to rising international crude oil prices and higher…
Malik Khuda Bakhsh, Convener of the FPCCI Central Energy Standing Committee, announced that the arrival of low-cost LNG from Qatar is a significant economic and strategic success for Pakistan amid…
Pakistan’s oil and gas exploration sector posted a mixed performance in April 2026, with two hydrocarbon discoveries offset by two dry wells. According to Topline Pakistan Research, Mari Petroleum reported…
Refinery upliftment increased by 12.7% YoY in Apr’26, primarily due to higher HSD and FO offtake. HSD uplift rose 11.3% YoY to 442k tons, driven by demand from OMCs, while…
Petroleum fell by by 7% YoY (6% MoM) to 1.36mn MT in April 2026. The fall likely stemmed from a surge in domestic petroleum prices and controlled supply to capitalize…
Gas & Oil Pakistan Limited (GO) has announced its highest-ever 24-hour sales across its Company-Owned, Company-Operated (COCO) stations, marking a significant operational milestone for the company. This achievement underscores the…
Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Rehan Hanif have expressed strong opposition to the Sui Southern Gas Company’s (SSGC) petition…
The Board of Directors of Oil & Gas Development Company Limited (OGDC) announced financial results for the nine months ended March 31, 2026, declaring a third interim cash dividend of…
Wafi Energy Pakistan Limited (WEPL) announced a profit after tax of PKR 2,164 million for Q1 2026, up 148% from PKR 873 million last year, amid global energy market volatility.…
· Sitara Petroleum Service Ltd (SPSL) is a downstream petroleum dealer and logistics operator, serving as the dealer of Gas & Oil Pakistan Ltd (GOPL). · SPSL plans to scale its retail…
Pakistan Oilfields Limited announced its 3QFY26 financial results, in which the company posted an NPAT of PkR7.8bn (EPS: PkR27.5), up 18% YoY/24% QoQ. The result was above our expectations, driven…
IMS Research has released a report on Oil and Gas Company Ltd. (OGDC), which reported its 3QFY26 results today. The company posted a consolidated NPAT of PKR42bn (EPS: PKR9.82), up…
IMS Research has published a report on Pakistan State Oil (PSO) covering 3QFY26, which shows that inventory gains drove a surge in gross margins. Pakistan State Oil (PSO) posted 3QFY26…
