Hub Power Holdings Ltd (HUBCO/HPHL) and Pakistan State Oil (PSO) have signed an MoU to jointly establish an electric vehicle (EV) charging network across Pakistan. The partnership aligns with GoP…
Mr. Atif Ikram Sheikh, President FPCCI, has appreciated Senator Musadik Malik, Federal Petroleum Minister and the Director General of Explosives at the Ministry of Petroleum, for responding to the concerns…
According to a research report of AKD Research, Pakistan Petroleum Ltd (PPL) announced the successful grant of a Development and Production Lease (D&PL) for the Sui Gas Field, covering 455.80 sq. km…
SSGC’s Security Services and Counter Gas Theft Operations (SS & CGTO) team continued to make major inroads against gas theft in the commercial units by conducting several raids that led…
Pakistan Petroleum Ltd (PPL) held its analyst briefing today to brief investors about FY24 financial results and shed light on the future outlook: PPL reported NPAT of PkR114.3bn (EPS: 42.0)…
Wafi Energy Holding Limited (Wafi Energy) becomes the majority shareholder of Shell Pakistan Limited (SPL) after The Shell Petroleum Company Limited, a subsidiary of Shell plc (Shell), completes the sale…
Aramco unveiled its first fuel retail station in Pakistan today. It follows Aramco’s acquisition of a 40% stake in Gas & Oil Pakistan (GO), a key player in Pakistan’s downstream…
Pakistan Petroleum Limited (PPL) announced its financial results today. It posted a profit after tax of PKR 23,577mn (EPS: PKR 8.67) during 1QFY25 compared to PKR 29,626mn (EPS: PKR 10.89)…
Pakistan State Oil Company Limited (PSO) announced the financial results for 1QFY25. The company posted a net profit of PKR 3,971mn (EPS: PKR 8.46) compared to PKR 21,888mn (EPS: PKR…
Pakistan State Oil (PSO), the nation's leading energy company, successfully convened its 48th Annual General Meeting (AGM) in Karachi. The meeting was chaired by the Chairman of the board of…
OGDCL informed PSX today that, in addition to our disclosure on August 30, 2024, regarding the gas condensate discovery at Baloch-2 in the Sembar formation, the company has announced that…
Pakistan Refinery Limited (PRL) conducted its 64th Annual General Meeting (AGM) at its head office on October 19, 2024, unveiling significant progress in strategic expansion and reinforcing its commitment to…
Attock Petroleum Limited (APL) announced the financial result for 1QFY25, whereby the company has posted a net profit of PKR 2,385mn (EPS: PKR 19.17) compared to PKR 5,260mn (EPS: PKR…
1QFY25: Oil and gas production down 8% and 7% YoY During 1QFY25, Pakistan's oil and gas production witnessed a decline of 8% and 7% YoY, respectively, amid annual turnarounds (ATAs)…
Pakistan State Oil Ltd. (PSO) is expected to report net profits of PKR2.9bn for 1QFY25 (EPS: PKR6.07), up 16% QoQ but down 87% YoY. Despite lower volumetric sales, PSO’s earnings…
As per news reports, a summary has been moved by OGRA to raise OMC margins by PkR1.35/liter (up by 17%) from present levels of PkR7.87/liter. To note, historically OMC margins were…
OGRA has proposed revising the margins for Oil Marketing Companies (OMCs) and dealers. The proposals were submitted after PSO provided operating cost data to review and calculate margins. The OMC…
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'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…
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…
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…
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…
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…
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,…
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…
