A high-level Pakistani delegation, led by Federal Minister for Petroleum Ali Pervaiz Malik, held a meeting with representatives of Gazprom, Russia’s leading oil and Gas Company, headed by Mr. Sergey…
Pakistan State Oil Ltd (PSO) held its analyst briefing today to discuss its financial results for 9MFY25: Recalled here, the company's net sales declined by 13% year-over-year (YoY) to PKR…
Oil & Gas Development Company Limited (OGDCL) on Thursday announced a significant oil and gas discovery from its exploratory efforts at the Faakir-1 well, located within the Bitrisim Exploration License…
Oil and Gas Development Company Ltd (OGDC) has announced an oil and gas discovery at the exploratory well Fakir-1, located in the Bitrism E.L., Khairpur, Sindh. The company (95% working…
MOL Pakistan has reaffirmed its commitment to strengthening healthcare infrastructure in Khyber Pakhtunkhwa by donating fully equipped ambulances to the District Administrations of Karak and Kohat. At a ceremony held…
According to a report by Topline Pakistan Research, Pakistan’s Oil Marketing Companies (OMCs) recorded sales of 1.53 million tons in May 2025, up 10% year-over-year (YoY) and 5% month-over-month (MoM).…
Sui Southern Gas Company has been pulling out all stops to reduce incidents of gas theft in its franchise provinces of Sindh and Balochistan. In an intensive anti-gas theft crackdown…
Addressing a media gathering at the Head Office of Sui Southern Gas Company, the Federal Minister for Petroleum, Mr Ali Pervaiz Malik, shared the vision of Prime Minister Mian Muhammad…
The Honorable Federal Minister for Petroleum, Mr. Ali Pervaiz Malik, accompanied by the Additional Secretary (Policy), Petroleum Division Mr. Zafar Abbas visited the Corporate Headquarters of Pak-Arab Refinery Limited (PARCO)…
Federal Minister for Petroleum, Mr. Ali Pervaiz Malik, accompanied by Mr. Zafar Abbas, Additional Secretary Petroleum, Ministry of Energy (Petroleum Division), Mr Waqas Ahmed Barlas, Director to the Minister DS…
MD & CEO, Pakistan Petroleum Limited (PPL) Mr. Imran Abbasy as Chief Guest, formally inaugurated the Center of Excellence for Research, Development and Training (CERDT) at the University of Engineering…
OGRA has set the prescribed prices for FY26 at PKR 1,895/mmbtu for SNGP and PKR 1,659/mmbtu for SSGC, depicting a 6.57% increase for SNGP and a 5.90% decrease for SSGC.…
Against the demand for a 40-42% hike by Sui North (SNGP), the Oil and Gas Regulatory Authority (OGRA) has decided to allow a 6.6% hike. SNGP demanded an exorbitant hike…
The All Pakistan Petroleum Dealers Association (APPDA) has issued a strong warning against the proposed Petroleum (Amendment) Act 2025, arguing that while the legislation aims to curb fuel smuggling, it…
Oil and Gas Development Company Limited (OGDCL) has signed an agreement with the Government of Sindh and SZABIST ZABTech to establish a state-of-the-art Technical and Vocational Education and Training (TVET)…
Mari Energies Limited (MariEnergies) has been provisionally awarded 10 new exploration blocks in Pakistan's onshore bid round 2025. The Directorate General of Petroleum Concessions (DGPC) awarded the blocks after a…
Sui Southern Gas Company Ltd. has shown zero tolerance against cases of gas theft over the years and has been fighting to eliminate this evil from society ever since the…
Mari Energies Ltd (MARI) has announced a gas discovery at the exploratory well Soho-1 in the Sujawal Block, Sindh. The company (100% working interest) successfully tested across two formations, with…
Pakistan’s oil marketing sector posted a modest but encouraging recovery, with total petroleum product sales reaching 13.22 million tons during the first ten months of FY2025 (10MFY25), reflecting a 6%…
OGDC announced its 3qfy25 results earlier today, posting an NPAT of PKR 47.1 billion (EPS: PKR 10.96), down 1% year-over-year — in line with our expectations. The company also announced…
Pakistan Petroleum Limited (PPL) reported its 3QFY25 earnings earlier today, clocking in at PkR21.9bn for the quarter (EPS: PkR8.05), lower by 21%YoY — in line with our expectations. The annual…
Pakistan State Oil (PSO), a leading player in the nation’s energy sector, has reported a steady financial and operational performance for the nine months ended March 31, 2025 (9MFY25), highlighting…
Mari Energies Ltd. (MARI) has announced its financial results for the third quarter of FY25, reporting a net profit after tax (NPAT) of PKR 15.9 billion (EPS: PKR 13.25). This…
We expect E&P sector earnings to decline by 14%YoY during 3QFY25, on the back of i) lower hydrocarbon production due to supply curtailments, ii) lower oil and wellhead gas prices,…
POL: Pakistan Oilfields Limited is scheduled to announce its financial results for the period soon, where we expect the company to post a profit after tax of PKR 17,577mn (EPS:…
