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…
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…
