An update about PPL
Pakistan Petroleum Limited (PPL) has announced that its subsidiary, PPL Asia E&P B.V, reached a mutually favourable settlement with Iraq's Midland Oil Company. Midland Oil Company intimated the termination or…
PPL: Receivable collection improves to 113% in 4QFY24
* PPL's cash collections improves to 113% in 4QFY24, marking an increase of over 100% for the first time since 4QFY20. This represents a significant improvement compared to…
Shell Pakistan performanc in FY24
SHEL conducted its analyst briefing recently to brief investors about 1HCY24 results and shed light on the future outlook: · Company’s NPAT stood at PkR1.5bn (EPS: PkR6.16) during 1HCY24, down by…
PSO – 4QFY24 receivable collection bolsters to 112%; trade debts fall by PkR36bn QoQ
An analysis of PSO's FY24 transmission released today reveals a marked improvement in the company's cash collection for the second quarter, resulting in positive operating cashflows (CFO) for the first…
PSO’s sales up by 8% YoY in Sep’24
The country’s petroleum sales arrived at 1.27mn tons during Sep’24, showcasing a jump of 20% YoY. The jump in sales comes from higher demand amid a decline in MS and…
OGDC – Discovery of Akhiro-1 in Sawan South JV
United Energy Pakistan (UEP), the operator of the Sawan South Block in Khairpur, Sindh, has discovered gas in the Lower Goru B reservoir of the Akhiro-1 well, with an estimated…
OGDC profitability declined by 42% YoY to PKR 8.81/share in 4QFY24
Oil & Gas Development Company Limited (OGDC) announced its financial result today, posting earnings of PKR 208,976mn (EPS: PKR 48.59) during FY24, down by 7% YoY. On a quarterly basis,…
PPL posting a net profit of PKR 114,309mn (EPS: PKR 42.01) during FY24
Pakistan Petroleum Limited (PPL) announced its financial result today, posting a net profit of PKR 114,309mn (EPS: PKR 42.01) during FY24, up by 17% YoY, which is primarily due to…
Pakistan Refinery is concluding the FEED study for the refinery upgrade project
Pakistan Refinery Ltd (PRL) held its FY23 analyst briefing earlier today to update investors on the company’s financial performance and future outlook: The company posted earnings of PkR1.82bn (EPS: PkR2.90)…
Aramco has not commissioned any site in Pakistan
‘No Aramco site has been commissioned anywhere in Pakistan so far. A formal announcement will be made at an appropriate time.’ Zeeshan Tayyeb, Chief Operating Officer of Gas & Oil…
Dragons of Pakistan 2024 Awards recognised the best marketing campaigns.
The inaugural Dragons of Pakistan Awards came to a thrilling conclusion at the Pearl Continental Marquee. Mike Da Silva, Director of Dragons of Asia, attended the event as a guest…
POL announced a final cash dividend of PKR 70.00/share (PKR 95.00/share in FY24).
Pakistan Oilfields Limited (POL) announced its financial result today, posting a profit after tax of PKR 39,152mn (EPS: PKR 137.93) during FY24 compared to PKR 36,453mn (EPS: PKR 128.42) in…
PSO launches innovative Blue LPG Initiative to enhance energy access
Pakistan State Oil (PSO), the leading energy company, in collaboration with the Government of Gilgit-Baltistan, proudly announces the launch of the "Blue LPG Initiative," a pioneering project aimed at transforming…
OGDC discoverd of Baloch-2, Sinjhoro Block in Sindh
Oil and Gas Development Company (OGDC), the operator of the Sinjhoro Block in Sindh, has discovered Baloch-2 in the Sembar Formation. Baloch-1 was found in 2009 but was fully depleted…
PSO reports profit PKR 15.9 billion in FY24 – a dividend of PKR 10/- per share
PSO, the nation's largest energy company, showcased impressive financial performance and strategic prowess in a challenging market. At a meeting held in Islamabad on August 27, 2024, the Board of…
PSO to announce a final cash dividend of PKR 10.00/share in FY24 (PKR 7.50 in FY23).
According to a report from AHL Research, Pakistan State Oil Company Ltd (PSO) is scheduled to announce its FY24 financial result on 27 August ’24. We expect the company to…
PRL has exhibited a financial and operational milestones record in the fiscal year 2023-24.
Pakistan Refinery Limited (PRL) has concluded the fiscal year 2023-24 with exceptional financial and operational performance, marking one of the most successful periods in the company’s history. This year has…
PPL announced a gas condensate discovery in Pakistan
Pakistan Petroleum Limited informed the Pakistan Stock Exchange that a gas condensate discovery was made from another zone, Lockhart, at exploratory well Razgir-1 in Tai Block. This joint Venture comprises MOL…
Mari, OGDC and PPL shares prices value tentatively revised upward.
The recent ~28% surge in Mari's stock, driven by better-than-expected results, a cash payout exceeding consensus, and an unexpected 800% bonus issuance, has pushed the market price above our Jun’25…
FTO assures SITE’s industrialists of speedy justice in tax matters
Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah (HI, SI) has announced quick action on the complaints of the country's taxpayers and assured us that justice would be provided in…
SSGC inaugurates landmark gas augmentation projects in Karachi
Being a customer-centric organization, SSGC strives to serve its consumers by meeting their gas-related requirements and frequently enhancing its facilities through multiple infrastructure development projects. Lately, as part of a…
Pakistan’s oil production witnessed an uptick of 1.4% YoY during FY24.
Pakistan's oil production witnessed an uptick of 1.4% YoY during FY24. The production growth is contributed by Chak 2, Pasakhi, Takhat, Lashari Centre, Bolan East, and Bettani. Furthermore, the commencement…
SNGP reports its unaccounted-for Gas (UFG) losses are falling.
According to Sui Northern Gas Pipelines Limited's latest report, during the period ended September 30, 2023, the Company earned a profit after tax amounting to Rs. 3,706 million, compared to…
POL-discovery of Kawagarh-1 formation, TAL Block, Kohat
MOL Pakistan, the operator of the TAL Block in Kohat, discovered a second formation, Kawagarh-1, in the successful exploratory well Razgir-1. Discovery includes 159bpd of condensate and 16.4mmcfd of gas.…
MOL Pakistan has made a significant discovery in the TAL Block.
MOL Pakistan has made a significant discovery in the TAL Block, Kohat, with the unveiling of the Razgir-1 exploratory well. TAL Block hydrocarbons have been discovered in the exploratory well Razgir-1,…