Petroleum products record growth in sales during March 2022
Total Petroleum sales arrived at 1.82mn tons in Mar'22, witnessing a jump of 23% YoY and 19% MoM (due to extra working days compared to February). The growth in sales…
Shell Pakistan inaugurates an Integrated Retail Outlet on M9 Motorway
Shell Pakistan Limited (SPL) inaugurated its 2nd 'Integrated Retail Outlet' (IRO) in Karachi, located strategically on M9 Motorway that connects the largest port city to the rest of the country.…
PSO renews partnership with TotalEnergies Aviation
Pakistan's largest energy company - Pakistan State Oil (PSO), signs Fuel Supply and Technical Services Agreements with TotalEnergies Aviation (TEA) at their headquarters at La Defense Paris France. The agreements…
Pakistan State Oil sales likely to increase on rising car/bike sales and increased FO demand from power sector
We are revising up our earnings estimates for Pakistan State Oil (PSO) for FY22E and FY23F to Rs119/sh and Rs74/sh vs. our previous estimate of Rs45/sh and Rs50/sh, respectively. This…
Shell Pakistan reports a PAT of PKR 4.466 bn for 2021
The Board of Directors of Shell Pakistan Limited (SPL) announced financial results for the year ended December 31st, 2021. The company posted a profit after tax of PKR 4,466 million…
OGDCL, PPL, Mari and POL in the light of rising crude prices
Oil and Gas Development Company (OGDC): We raise our OGDC earnings forecast by an average of 59% over FY22-24 after incorporating revised oil price assumption and 1HFY22 results. However, we…
BYCO calls tender for O&M for its single point mooring facility
BYCO issues international tender to provide operation & maintenance (O&M) services for its single point mooring facility (SPM) in Pakistan. Bids are due on Aug 16. Byco Petroleum Pakistan Limited…
OGDC discovers gas and condensates discovery in KPK
The state-owned Oil and Gas Development Company Limited (OGDCL) has informed Pakistan Stock Exchange (PSX) that it being the operator of Wali Exploration Licence with 100% working interest, has made…
Byco partners with Sehat Kahani
Pakistan's premier energy company, Byco Petroleum Pakistan Limited, signed an MoU today with Sehat Kahani to provide telemedicine facilities through remote medical consultations for Byco's workforce of over 800 employees…
PSO reports PAT of Rs 13.2 billion in 9MFY18
Pakistan State Oil (PSO), the leading energy company of Pakistan, convened its Board of Management (BoM) meeting at the PSO Headquarters in Karachi to review the performance of the Company…
Shell expects potential LNG supply shortage as global demand surges
The global liquefied natural gas (LNG) market has continued to defy expectations of many market observers, with demand growing by 29 million tonnes to 293 million tonnes in 2017, according…
FPCCI congratulates Prime Minister on launching of TAPI gas pipe line project
President FPCCI Mr. Ghazanfar Bilour has congratulated Prime Minister Shahid Kaqan Abbasi on successful launching of TAPI pipe line long awaited project awaiting completion for several years back. With the…
Shell Pakistan holds technology seminar for consumers in Faisalabad
Shell Pakistan in collaboration with Bari lubricants (Shell's authorized distributors) organized a technology seminar for its consumers in Faisalabad. The objective of the event was to highlight technological advancements incorporated…
MoS for Petroleum and Natural Resource Jam Kamal visits SSGC
Minister of State for Petroleum and Natural Resources, Jam Kamal Khan has recently visited SSGC House. He chaired a high level meeting in which Acting MD SSGC Mr. Amin Rajput,…
SSGC launches Hum Qadam, a pioneering volunteering effort
The last day of the year 2015 at Sui Southern Gas Company (SSGC) marked the launch of ‘Hum Qadam’ volunteering program as part of the Company’s initiative in the area…